The Jamaica Stock Exchange has switched over trading to a new platform as of Monday. So far we have been unable to obtain the feed to be able to supply our trading sheet. Work is ongoing to get the system functioning.
The new system which was slated to have come on stream in October 2016 was challenging for user. In yesterday’s trading report that was first posted on the exchange’s website had a number of errors, which were later corrected. The initial data came from the new system and had to be manually corrected. Under the old system a stock could not trade over 30 percent in a day but the final trade sheet had Main Event trading at $2.61 when the maximum price should be $2.60.
The former system was compatible with Excel, the current one is not and currently is not a flexible either. A staff member of one of the brokerage house indicated that he spent a considerable amount of time identifying weaknesses in the system since the late last year, some of which are incorporated into the system.
Apology for JSE trade sheet
February 9, 2017 by
