The Johannesburg Stock Exchange (JSE) has disclosed draft specifications for market data feeds, Waters Technology reports. The feeds will be unveiled as part of the intended migration of its equity market to a matching engine and data platform from London Stock Exchange unit MillenniumIT. Specifications for two feeds being developed by the exchange have been mentioned in the document. The details consist of an ITCH protocol-based full-depth, low-latency feed and a snapshot Level 1 feed based on the FIX Protocol using FAST compression and specifications for a proposed snapshot Level 2 feed with 20 levels of market depth. The new platform will go into live production in the second quarter of next year.

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