The JSE Bond derivatives market offers the trading of both futures and options linked to the underlying bond market.  A futures contract, as typically traded on an exchange, represents an agreement between two counterparties to exchange bonds at an agreed price and time in the future.  An option is a contract that gives the buyer the right to buy or sell the underlying asset by a particular date for a predetermined price.

The bond derivatives market offers participants the functionality and facilities to book either on- or off-screen trades. Irrespective of the method of execution, these trades are margined and guaranteed by JSE Clear which mitigates counterparty credit risk. The regulatory team at the JSE conducts real time surveillance of the bond derivative transactions to ensure fair pricing and compliance with the JSE rules.

The JSE’s bond derivatives market enables you to trade the following bond derivatives that the JSE has listed:

How to trade the bond derivatives market

In order to trade the bond derivatives market, contact a JSE bond derivatives member.



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