JSE trades first $20m options contract
The landmark trade was conducted between an undisclosed fund and market-maker and comes less than a month after the product was launched on the exchange. The JSE launched options trading on its Yield-X platform on September 15, beginning with USD/ZAR options.
"We are going to see large trades in this specific product purely because options are a cheaper way of entering into the market," said Warren Geers, JSE's general manager of trading in Johannesburg.
The exchange is also set to introduce the
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