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Johannesburg Stock Exchange is World's 10th Largest Derivatives Exchange

4th Dec.'08

The Futures Industry Association (FIA) has ranked South Africa's JSE the 10th largest derivatives exchange in the world by number of contracts traded. This ranking, published in a recent survey by Futures Industry - the official international publication of the FIA - reveals that the JSE traded over 216-million contracts during the first six months of 2008, a 61% growth over the corresponding period in 2007. The rapid growth of single stock futures and currency futures, as well as options, have all contributed to the overall success of the JSE derivatives market.

In August, the JSE unveiled a new equity derivatives trading system specifically designed for the South African market, enabling new functionality and greater flexibility for local brokers, fund managers, market makers and other institutional investors. In July, the JSE listed and began trading on the first ever variance future on the exchange, which, with increasing demand, could be the forerunner to an entirely new asset class at the exchange.

The JSE has also launched the Shariah Top 40 Index in partnership with the FTSE Group, allowing interested investors - including South Africa's 850,000 Muslims - to invest in Shariah-compliant companies. In July 2007, the JSE overtook the National Stock Exchange of India as the largest operator of single stock futures (SSF) market in the world in terms of volumes of contracts traded.

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