Derivative |

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…

Johannesburg Stock Exchange launches JSE Eris Interest Rate Swap Futures

Posted on by The Editorial Team

JOHANNESBURG, South Africa (Capital Markets in Africa) — The Johannesburg Stock Exchange (JSE), the continent’s largest exchange, today have officially launched JSE Eris Interest Rate Swap (IRS) Futures. The new JSE Eris Interest Rate Swap (IRS) Futures will be based on the Johannesburg Interbank Agreed Rate (JIBAR) and denominated in South African Rand (ZAR). The product will follow the standard South African swap market conventions while using the Eris MethodologyTM, allowing the contracts to replicate the…