Foreign Referenced Commodity Markets

The Global Market was introduced in 2010 to provide both Commodity Derivative and Equity Derivative market participant’s easy access to a single trading platform where a number of cash settled foreign referenced commodity products are listed. Today there is a series of Commodity derivative metal products, energy products, as well as a range of Quanto products listed on this platform. The underlying commodities are listed and traded under license from the CME Group.

Who is this for?

Foreign Referenced Commodity products offer price mitigation or directional price exposure opportunities to a range of market participants. A significant benefit is that these products are available to both derivative memberships and their respective clients…..therefore no need to open up new trading accounts to access these exciting commodity contracts. No exchange control approval is required as they are classified as inward listed. There’s also a range of Quanto products which appeal to Investors seeking foreign commodity exposure without the corresponding risk of adverse exchange rate fluctuations.

Features

  • Enables easy access to global commodity markets
  • Guaranteed liquidity provided by approved and committed market makers
  • Easy access to the international commodity contracts all traded and settled in rands
  • Gain exposure based on the expectation of directional price, spread movement or volatility of foreign commodity
  • Quanto products protect investors from exchange fluctuations allowing them to benefit directly from the dollar price performance of the underlying commodity, remembering the payoff will be in rands
  • Interested in diversifying your investment portfolio
  • All transactions are guaranteed through the derivatives clearing structure
  • Given the fairly risky nature of commodities, investing in these products is not for everyone. It is better suited to more experienced investors.​

Which commodity products are available?

Metals:

  • Copper
  • Gold
  • Pallad​ium
  • Platinum
  • Silver

Energy:

  • Brent Crude Oil
  • Diesel European Gasoline​
  • West Taxes Intermediate Crude Oil

Quanto:

  • Brent Crude Oil
  • Coffee
  • Cocoa
  • Copper
  • Corn
  • Cotton
  • Gasoline
  • Gold
  • Heating Oil
  • Natural gas
  • Palladium
  • Platinum
  • Silver
  • Sugar

How to get it?

To access this product, an investor needs to register as a client with either a Commodity derivatives or Equity derivatives authorised member firm, deposit the required initial margin and sell or buy according to their market view.​​​​

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 Related Documents

 

 

Quanto futures - the case for investing in CommoditiesQuanto futures - the case for investing in Commoditieshttps://www.jse.co.za/content/JSEEducationItems/QuantoFuturesInvestingInCommodities.pdfpdf
Trading Cocoa on the JSETrading Cocoa on the JSEhttps://www.jse.co.za/content/JSEEducationItems/TradingCocoaontheJSE.pdfpdf

 Product Specifications

 

 

Quantos_EnergyQuantos_Energyhttps://www.jse.co.za/content/JSESpecificationsItems/Quantos_Energy.pdfpdf
Quantos_MetalsQuantos_Metalshttps://www.jse.co.za/content/JSESpecificationsItems/QuantosMetals.pdfpdf
Quantos_Soft CommoditiesQuantos_Soft Commoditieshttps://www.jse.co.za/content/JSESpecificationsItems/Quantos_Soft Commodities.pdfpdf
Energy SpecificationsEnergy Specificationshttps://www.jse.co.za/content/JSESpecificationsItems/Energy Specifications.pdfpdf
Metal SpecificationsMetal Specificationshttps://www.jse.co.za/content/JSESpecificationsItems/MetalSpecifications.pdfpdf
Diesel hedge contract specificationsDiesel hedge contract specificationshttps://www.jse.co.za/content/JSESpecificationsItems/Diesel hedge contract specifications.pdfpdf

 Useful Links

 

 

Portfolio Options Initial Margin CalculatorPortfolio Options Initial Margin Calculatorhttp://margincalculator.jse.co.za/safex/margincalculator.aspx, http://margincalculator.jse.co.za/safex/margincalculator.aspx
Options calculator providing the 'Greeks'Options calculator providing the 'Greeks'http://margincalculator.jse.co.za/safex/optionscalculator.aspx, http://margincalculator.jse.co.za/safex/optionscalculator.aspx
Historical price historyHistorical price historyhttps://www.jse.co.za/downloadable-files?RequestNode=/Safex/PriceHistory, https://www.jse.co.za/downloadable-files?RequestNode=/Safex/PriceHistory
Mark-to-Market statisticsMark-to-Market statisticshttps://www.jse.co.za/downloadable-files?RequestNode=/Safex/agriculture.stats, https://www.jse.co.za/downloadable-files?RequestNode=/Safex/agriculture.stats
Daily Mark-to-Market summary reportDaily Mark-to-Market summary reporthttps://www.jse.co.za/downloadable-files?RequestNode=/Safex/amdmtm, https://www.jse.co.za/downloadable-files?RequestNode=/Safex/amdmtm

Contact Us
  • Commodities enquiries

    Email: Commodities

    Tel: +27 11 520 7039​