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Trading Insights

A landmark for South African fixed income

Sneha Shah

09 Jul 2018

The South African fixed income market continues to see the benefits of our trusted data, with the launch of our real-time coverage of the JSE’s new bond electronic trading platform.


  1. Coverage of the Johannesburg Stock Exchange’s bond ETP reinforces our commitment to the South African fixed income market.
  2. Bond ETP data will be available on Eikon via our IDN to complement existing fixed income products.
  3. Under the ETP, primary dealer quoting obligations are automated in a central avenue and transparency in the local debt market monitored.

We have started real-time coverage across our products of the new Johannesburg Stock Exchange (JSE) Bond Electronic Trading Platform (ETP).

The JSE Bond ETP is an electronic order book that offers public price transparency on selected South African government bonds, using technology provided by leading electronic fixed income trading markets company MTS.

The JSE Bond ETP data is now available on Eikon via our Integrated Data Network (IDN) supporting both Level 1, Level 2 and End of Day data for the qualifying South African government bonds.

A landmark for South African fixed income. Thomson Reuters Eikon
Eikon

South African fixed income

This is an incredibly important step as carrying the Bond ETP market data reinforces our commitment to providing trusted data for the South African fixed income market.

Although our clients have a choice to source this data from other data vendors, it is evident many of our major clients in South Africa prefer to receive the data from us.

In addition, over the longer term, the work that has gone into this project far better positions us as we carry the fixed income data the market needs.

This also helps us to increase market share within the South African fixed income market, which is an important strategic market for us.

Thomson Reuters Eikon. A landmark for South African fixed income
Eikon

Discover JSE Bond ETP, an electronic order book that offers public price transparency on selected South African government bonds

Primary dealer obligations

The ETP market is a regulatory initiative, driven by the National Treasury of South Africa, to monitor primary dealers’ quote obligations in the secondary market.

Under the ETP program, primary dealer quoting obligations are automated in a central avenue and the transparency in the local debt market monitored.

The Bond ETP data will all be available in our Eikon and data feeds, and complements our existing fixed income product offering.

The data is on fee liable Permission Entity (PE) 3349 and Product Definition Page ‘JBP’ codes.

Customers will have to subscribe to this data to access it. This new JSE Bond ETP market will co-exist with the existing JSE Interest Rate market.

Thomson Reuters Eikon
Eikon

Making trusted decisions

Carrying this data complements and supports other aspects of our existing Foreign Income business by adding value.

As a trusted data provider, we support transparent and accurate records of data to ensure our customers can always make trusted decisions.

For further details about the JSE Bond ETP, please contact Bongani Ndhlovu.

A landmark for South African fixed income. Supporting qualifying South African Government Bonds


    
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