| | The Equity Derivatives Market implements a new billing model, introducing the benefits of a maker-taker model , on-screen liquidity and true price discovery.
The Maker-Taker Model which is on most instruments on the Equity Derivatives market will cut transaction fees to zero for makers of liquidity (trade initiators) trading through the central order book. |
| | The Global Market went live, providing clients with access to both the Equity Derivatives and Commodity Derivatives markets through a common trading window. |
| | The Exchange, for the first time, starts valuing certain Single Stock options off a volatility skew. |
| | Introduction of Pre- and Post-Trade Anonymity on all equity derivatives. |
| | Charges on BDA journal entries reduced to zero for open positions and reduced to 6c for Initial Margin journal transactions on ALMI. |
| | International Derivatives (IDX) is launched. IDX provides South African investors with an opportunity to trade and gain exposure to the price movements of internationally listed equities (shares) and internationally recognised indices through the JSE. |
| | JSE Safex successfully implements Nutron Trading System. A locally developed trading system allowing high frequency central order book trading. |
| | The first Can-Do’s listed |
| | Safex moves into the JSE building. |
| | Safex and JSE members agree to the buyout of Safex by the JSE Securities Exchange. Effective date of transaction to be 1 July 2001. The JSE agrees to retain the Safex Branding and creates two divisions - Safex Financial Derivatives and Safex Agricultural Derivatives. |
| | Individual Equities contract listed has increased to 49. |
| | New Government Bond Index launched (GOVI). |
| | Individual Equity Options are replaced with twelve Individual Equity Futures and Options on the futures. Twelve Index Equity Futures listed. |
| | Options introduced on agricultural products |
| | Individual equity options introduced on the six largest equity counters. |
| | Open interest exceeds 1 million contracts. |
| | Introduction of fully-automated trading through a specifically designed system that was written in South Africa. |
| | Safex Agricultural Derivatives Division opened. |
| | Volumes exceed 1 million per month for the first time. Open interest is over 500,000 contracts. |
| | Monthly volumes exceed 200,000. Open interest exceeds 100,000 contracts. |
| | Monthly volumes start consistently exceeding 100,000 contracts. |
| | Permission received from the South African Reserve Bank for non-residents to participate on Safex via the Financial Rand system. |
| | Enabling legislation (the Financial Markets Control Act, 1990) is enacted and Safex is officially licensed as a derivatives exchange. Officially opened on 10 August 1990 by the Minister of Finance. Monthly volumes are approximately 60,000 contracts, with 10,000 open interest. |
| | Safcom takes over operation of the informal futures market from RMB. Futures contracts are available on equity indices, long bonds and money market products |
| | Twenty one banks and financial institutions meet and establish the South African Futures Exchange (Safex) and the Safex Clearing Company (Safcom). |
| | Rand Merchant Bank Limited (RMB) start 5 trading "futures" contracts on various equity indices and long bonds. RMB is the exchange, clearing house and only market maker. |