JSE Ltd. on Monday proposed rule changes requiring brokers and other trading-service providers to directly control and monitor access to its market.
The tighter framework is aimed at reducing the risk that rogue algorithms or trading errors trigger disruptive trades on Africa’s biggest exchange.
The proposal sharpens oversight of how brokers and trading firms connect to the bourse, putting more responsibility on intermediaries that provide market access.
The move signals a broader push by the roughly $1 trillion exchange operator to strengthen market safeguards as automated trading activity grows.
Will stricter oversight on trading algorithms stifle financial innovation more than it protects markets from risk?
Can new regulations prevent AI-driven 'zombie' algorithms from causing the next catastrophic market flash crash?
In the age of automated trading, who is truly in control when a rogue algorithm goes haywire?