Kenyan Bourse Develops Equity Index, Single Stock Futures

NAIROBI (Capital Markets in Africa) – Nairobi Securities Exchange has sought regulatory approval to introduce products in derivatives market, Capital Markets Authority says in e-mailed statement.

Regulator proposes to charge fee not exceeding 0.14% per value of equity index futures contract, 0.17% per value of single stock futures contract. Proposed fees will “give investors exposure to price movements in the derivatives instruments rather than the underlying individual constituents”.

Charges cover securities exchange, clearing member, trading member and regulator’s costs. Fees designed to boost innovation, efficiency and liquidity. Market regulator seeking public opinion on proposed fees within 30 days.