WEST PALM BEACH, FL (HEDGECO.NET) – The Johannesburg Stock Exchange has created new trading instruments; SAFEX an acronym for South African Futures Exchange is a new derivative managementorganization, which will run the new product. The new market will soon be unveiled publicly according to published reports. According to Allan Thomson, the director of equities and derivativesproducts, the new market will increase the number of interest rate derivative products.
It will also offer new asset trading instruments such as bonds, bond futures, options on futures, exchange traded swaps, and other instruments which will allow market participants to trade assets such as fixed interest.
Thomson also disclosed that other product offerings will also be announced when such products are ready for the market. Among such new offerings will be instruments suitable for diversification functions, and others to be used for hedging.
Meanwhile the Financial Services Board is still working to complete its new revisions to the current hedge fund regulatory laws. The hedge fund industry is South Africa although still in infancy stages, is poised for action once the new revisions are unveiled. The new exchange should be a state of the art facility, a one stop shop for trading a variety of interest rate affiliated derivatives according to the reports.
Paul Oranika
Editor-in-Chief
HedgeCo.Net
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