4 Competitors That Want To Disrupt The Johannesburg Stock Exchange Monopoly
India has 21 stock exchanges, China and Russia each have four and the days are numbered for the Johannesburg Stock Exchange monopolizing South Africa’s equity market, MoneyWeb reports.
A growing number of wanna-be exchanges hope to destabilize the JSE.
The JSE announced plans to open a second office in Cape Town — its first outside its Johannesburg headquarters, according to a January BusinessDayLive report.
A second office will facilitate innovation, said JSE capital markets Director Donna Oosthuyse.
More likely, JSE made the move to defend its territory in light of new players who want to establish competing stock markets, said a Cape Town-based fund manager.
Here are some of the wanna-be stock exchanges looking for approval to start trading in South Africa.