In his budget speech last week, Finance Minister Trevor Manuel introduced the establishment of rand currency futures. Finance Minister said the rand currency futures market would “deepen SA’s financial markets and increase liquidity in the local foreign exchange market”.
THE potential market for a rand currency futures platform in SA is huge, given how large the foreignexchange market is. Not only will the JSE’s new market provide a single forum in which currency exposure could be hedged, it will enable individual investors to take a punt on rand movements.
The rand futures market will operate on Yield-X, the JSE’s interest rate exchange.
Traders, get ready to trade the Rand futures! With the Rand's notorious volatility, it will provide seasoned traders many opportunities to profit.
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1 comment:
We are looking forward to an update on the topic.
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