JSE appointed to chair Association of Futures Markets
Johannesburg, 19 May 2015: The JSE, Africa’s leading stock exchange and founding member of the Association of Future Markets (AFM), has been elected to chair the association for the next two years.
AFM, a non-profit association was established in 1998 in Buenos Aires, Argentina by ten exchanges: Budapest Commodity Exchange, the Central Clearing House and Depository Ltd. of Budapest, the Romanian Commodities Exchange, the Buenos Aires Futures Exchange, the Amsterdam Commodity Exchange, South African Futures Exchange, the Warsaw Commodity Exchange and the Malaysian Derivatives Exchange.
The role of the association is to promote and encourage the establishment of new derivative and related markets, coordinate conferences to further promote dialogue amongst its members and country hosts and to encourage opportunities that will strengthen partnerships and knowledge sharing amongst its member exchanges.
Donna Oosthuyse, Director: Capital Markets comments “We delighted that our own Chris Sturgess, Director of Commodities and Key Clients will take on the chairman role to represent the JSE. He has been a prominent participant in the forum for a number of years and is passionate about developing derivative markets. This is also great recognition of the JSE’s leadership role within the AFM as well as the work we are doing to encourage collaboration and the development of derivative markets across the globe.”
ABOUT THE JSE
The Johannesburg Stock Exchange is based in South Africa where it has operated as a market place for the trading of financial products for 125 years. It connects buyers and sellers in equity, derivative and debt markets. The JSE is one of the top 20 exchanges in the world in terms of market capitalisation and is a member of the World Federation of Exchanges (WFE) and Association of Futures Markets (AFM). The JSE offers a fully electronic, efficient, secure market with world class regulation, trading and clearing systems, settlement assurance and risk management. www.jse.co.za
H+K Strategies South Africa
Tel: +27 11 463 2198
Director: Commodities and Key Clients
(011) 520 7299