Information Dissemination

1
Information Dissemination
The LSE and the JSE will market each others
share price information thereby providing greater
access to such information
JSE information will be disseminated on the same
technology platform as the LSE
JSE will market LSE information in Africa
subject to LSE contract
LSE will market JSE information in rest of world
subject to JSE contract
2
Information Dissemination Architecture
The release 1 information dissemination
architecture will ensure that the level of
service to current customers is in no way
compromised. It also forms the 1st step towards a
single information dissemination vehicle (LMIL).
SEQUENCE
FTSE
MAINFRAME
Upstream systems eg. EMIS, EMD, ENT
LMIL
JSE LMIL Handler
DISS
Input LMIL Handler
IP- user maintains dedicated connection
Vendor LMIL Handler
Realtime Customers
SENS
EOD Customers
3
Technology
The JSE Hub will link the JSE to the LSE
IMAS
Sequence
LMIL
FTSE
LSE
Surveillance/ Supervision
Indices
Trading
Info. Diss.
Routers at LSE Comm. Link Routers other
components at JSE
JSE Hub
JSE
Legacy
LSV
Surveillance Bus.Support
Surveillance
e.g. BDA
Data Vendors
STRATE
Front End Option
External
Members
4
Strategic Benefits

• The LSE strategic option provides a world-class
  trading platform used by the worlds
  third-largest market place.

• Benefits for the JSE
• Access to global markets
• World class trading solution
• Joint development of new products and dual
  listing and/or trading thereof
• Access to increased pool of liquidity
• Enhanced image and brand of JSE
• Knowledge sharing

• Realisable
• Strategic Benefits
• Natural strategic partner
• European accessibility
• Listings reciprocity
• Improved liquidity
• Cross-membership
• Improved integrity
• Central Counter Party
• Joint marketing
• STRATE/Crest
• association

Value to JSE

• Benefits for the LSE
• Global business relationship outside of Europe
• Commercial gain
• Improved shareholder return
• Enhanced executive leadership reputation
• Proof of technology and implementation
• Knowledge sharing

Technology
Functionality
LSE Strategic Affiliation
5
TECHNOLOGY IMPLEMENTATION
6
2001
2002
June
Aug
Oct
Sept
Feb
Jan
Dec
Nov
July
Mar
April
May
4/6/01
3/8/01
JSE Design
6/8/01
19/10/01
JSE Business Process and Organisation Development
4/6/01
19/10/01
JSE Build and Test of
Technical
Infrastructure
JSE Build and Test of JSE Systems
(including system test)
9/7/01
19/10/01
18/01/02
22/10/01
JSE/LSE Prepare and Execute
Integration Test

4/6/01
3/8/01
9/11/01
Prepare and Execute Business Operations Proving
21/1/02
12/4/02
Design of JSE Front End Solution
Build and Test of JSE

Front End Solution
18/01/02
27/6/01
Design, Build and Test of Data Vendor / Member


Front End Solution
26/4/02
1st DR
15/4/02
12/04/02
3/5/02
Prepare and Execute Customer Test
4/6/01
13/7/01
18/6/01
26/11/01
2nd DR
JSE / LSE Draft Spec
JSE / LSE Final Spec
29/4/02
Go-live
7
Technical Architecture
RNS
TE
INFO
FTSE
IMAS
HUB
LSV
JSE Main-frame
WEB
SENS
Data Vendor
Member
(1) SII Secure Interactive Interface (2) B/Cast
Public Broadcast Interface (3) IRI
Interactive Re-request Interface (4) Realtime
regulatory feed orders and trades (5) Generic
Information Input
8
Connectivity Options

• On IP through direct connection into JSE hub
• On IP through WorldCom subject to
• time for receipt of data in SA and UK the same
  no customer disadvantaged (JSE to test)
• LSE IP rollout