The Johannesburg Stock Exchange is set to launch a “dark pool” block trading system, Financial Times reports. Block X has been created to meet market demand when trading in large volumes, said Leanne Parsons, JSE’s equity market head.

The facility will be Africa’s first such share trading facility. Block X will offer “hidden order functionality in the central order book.” In March, JSE modified its fee structure to recognize both high-frequency and algorithmic traders.

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