The JSE had a technical glitch again yesterday (Monday 8 September). This is the second time in less than two months that trade has halted on the JSE; on July 14, the bourse failed to open on time when a network glitch stopped public data about the equities markets from reaching all its customers. Yesterdays error was blamed on the London Stock Exchange (LSE). A technical glitch hit the London Stock Exchange, the platform from which the Johannesburg Securities Exchange (JSE) trades went offline, affecting all trade of local equities, single-stock futures and associated instruments.

This glitch yesterday left traders seething as they missed out on cashing in as the markets were expecting a good rebound. Looking at potential losses; a broker has estimated that the stock broking community has lost about R100m in commissions based on the R15bn turnover that was meant to be expected whilst the exchange was down.

In the world of technology we live in today, such occurrences as yesterdays do happen but one has to weigh in the cost of some errors occurring. What is worrying is that, this is the second time this has happened in a short amount of time. Hopefully this does not become a trend with the JSE as it was set a bad example.

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