Johannesburg launches currency futures
The exchange said it plans to add euro/rand and sterling/rand futures, with a minimum size of 1,000 of the underlying currency. Contracts will be cash-settled in rand, and will be available in three-month, six-month and nine-month tenors. The exchange said it would also make options on futures available. Market makers for the futures contracts are Investec and Standard Bank.
Target users of the contracts are pension funds, insurance companies, asset managers and registered collective investment
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