Proposed Merger Of South Africa's Safex, Bond Exchange And JSE Off
EXCHANGES
JOHANNESBURG--The executive committees of South Africa's bond and futures exchanges rejected their proposed merger with the Johannesburg Stock Exchange (JSE) at the end of November.
The committees of all three exchanges voted separately on a document proposing a one-stop-shop market for shares, bonds and derivatives in South Africa. Only the JSE, which had been driving the merger process, voted for the move.
The main opposition came from the SA Futures Exchange (Safex) which brought the three-year
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