Currency Derivatives Market

Founded in 2007, the JSE’s Currency Derivatives Market allows for the on-ex​change trading of Currency Futures and Options on the JSE, giving market participants an opportunity to hedge against currency risk, diversify internationally as well as take a view on the movement of underlying foreign exchange rates. The JSE offers a wide range of Currency Derivatives, tracking the rand exchange rate to the United States dollar, euro, British pound, Australian dollar, Japanese yen, Chinese renminbi, Swiss franc, Botswana pula, New Zealand dollar and Canadian dollar. In recent years, the JSE has brought more innovative products to the market, including Derivatives that track a basket of currencies and tailored contracts that allow for the selection of a preferred expiry date.

  • Currency Derivatives trade on an electronic trading platform that is efficient, automatic and transparent.
  • Currency Derivatives can be traded by South African and non-resident individuals, as well as South African and non-resident corporate entities. No limits apply.
  • Resident financial service providers, collective investment schemes, pension fund organisations and insurers can trade Currency Derivatives subject to their foreign portfolio allowance.

Currency Futures Price

Clearing and settlement

Compliance of the counterparties is guaranteed by JSE Clear (the JSE’s clearing house) for all Derivatives Contracts. Currency Derivatives Contracts are cash settled in rand. No physical delivery of the underlying foreign currency.

Disclaimer
All data and information provided by the JSE, except as otherwise indicated, is proprietary to the JSE. You may not copy, reproduce, modify, reformat, download, store, distribute, publish or transmit any data and information, except for your personal use. For the avoidance of doubt, you may not develop or create any product that uses, is based on, or is developed in connection with any of the data and information available on this site. You are not permitted (except where you have been given express written permission by the JSE) to use the data and information for commercial gain.​ ​

 Any Day Contract Specifications

 

 

Swiss Franc Rand Any-day Currency Futures Contract SpecificationSwiss Franc Rand Any-day Currency Futures Contract Specification234807https://www.jse.co.za/content/JSEContractSpecificationItems/Currency Derivatives/Any Day Contract Specifications/SwissFrancRandAny-dayCurrencyFuturesContractSpecification.pdfpdf
Sterling Rand Any-day Currency Futures Contract SpecificationSterling Rand Any-day Currency Futures Contract Specification235249https://www.jse.co.za/content/JSEContractSpecificationItems/Currency Derivatives/Any Day Contract Specifications/SterlingRandAny-dayCurrencyFuturesContractSpecification.pdfpdf
New Zealand Dollar Rand Any-day Currency Futures Contract SpecificationNew Zealand Dollar Rand Any-day Currency Futures Contract Specification234943https://www.jse.co.za/content/JSEContractSpecificationItems/Currency Derivatives/Any Day Contract Specifications/NewZealandDollarRandAny-dayCurrencyFuturesContractSpecification.pdfpdf
Euro Rand Any-day Currency Futures Contract SpecificationEuro Rand Any-day Currency Futures Contract Specification234396https://www.jse.co.za/content/JSEContractSpecificationItems/Currency Derivatives/Any Day Contract Specifications/EuroRandAny-dayCurrencyFuturesContractSpecification.pdfpdf
Dollar Rand Any-day Currency Futures Contract SpecificationDollar Rand Any-day Currency Futures Contract Specification234031https://www.jse.co.za/content/JSEContractSpecificationItems/Currency Derivatives/Any Day Contract Specifications/DollarRandAny-dayCurrencyFuturesContractSpecification.pdfpdf

 Contract Specifications

 

 

Botswana Pula Contract SpecificationBotswana Pula Contract Specification237655https://www.jse.co.za/content/JSEContractSpecificationItems/Currency Derivatives/Standard Contract Specifications/BotswanaPulaContractSpecification.pdf4/4/2016 10:00:00 PMpdf
Nigerian Naira.Rand Currency FuturesNigerian Naira.Rand Currency Futures214480https://www.jse.co.za/content/JSEContractSpecificationItems/Currency Derivatives/Standard Contract Specifications/NigerianNairaRandCurrencyFutures.pdf2/24/2016 10:00:00 PMpdf
Zambian Kwacha Rand Currency FuturesZambian Kwacha Rand Currency Futures222492https://www.jse.co.za/content/JSEContractSpecificationItems/Currency Derivatives/Standard Contract Specifications/ZambianKwachaRandCurrencyFutures.pdf2/24/2016 10:00:00 PMpdf
Kenyan Shilling Rand Currency FuturesKenyan Shilling Rand Currency Futures214932https://www.jse.co.za/content/JSEContractSpecificationItems/Currency Derivatives/Standard Contract Specifications/KenyanShillingRandCurrencyFutures.pdf2/24/2016 10:00:00 PMpdf
Australian Dollar Rand Currency Futures Contract SpecificationAustralian Dollar Rand Currency Futures Contract Specification235780https://www.jse.co.za/content/JSEContractSpecificationItems/Currency Derivatives/Standard Contract Specifications/AustralianDollarRandCurrencyFuturesContractSpecification.pdfpdf
Canadian Dollar Rand Currency Futures Contract SpecificationCanadian Dollar Rand Currency Futures Contract Specification236254https://www.jse.co.za/content/JSEContractSpecificationItems/Currency Derivatives/Standard Contract Specifications/CanadianDollarRandCurrencyFuturesContractSpecification.pdfpdf
Chinese Renminbi Rand Currency Futures Contract SpecificationChinese Renminbi Rand Currency Futures Contract Specification236440https://www.jse.co.za/content/JSEContractSpecificationItems/Currency Derivatives/Standard Contract Specifications/ChineseRenminbiRandCurrencyFuturesContractSpecification.pdfpdf
Dollar Rand Currency Futures Contract SpecificationDollar Rand Currency Futures Contract Specification236140https://www.jse.co.za/content/JSEContractSpecificationItems/Currency Derivatives/Standard Contract Specifications/DollarRandCurrencyFuturesContractSpecification.pdfpdf
Euro Rand Currency Futures Contract SpecificationEuro Rand Currency Futures Contract Specification236646https://www.jse.co.za/content/JSEContractSpecificationItems/Currency Derivatives/Standard Contract Specifications/EuroRandCurrencyFuturesContractSpecification.pdfpdf
Maxi Dollar Rand Currency Futures Contract SpecificationMaxi Dollar Rand Currency Futures Contract Specification237057https://www.jse.co.za/content/JSEContractSpecificationItems/Currency Derivatives/Standard Contract Specifications/MaxiDollarRandCurrencyFuturesContractSpecification.pdfpdf

 

 

 

 

JSE offers Quanto Currency Futures for Euro/Dollar exposureJSE offers Quanto Currency Futures for Euro/Dollar exposurehttps://www.jse.co.za/articles/JSE-offers-Quanto-Currency-Futures-for-Euro-Dollar-exposure, JSE offers Quanto Currency Futures for Euro/Dollar exposure

 

 

MTM ReportsMTM Reportshttps://www.jse.co.za/downloadable-files?RequestNode=/YieldX/curfutures, https://www.jse.co.za/downloadable-files?RequestNode=/YieldX/curfutures
Market Notices and CircularsMarket Notices and Circularshttps://www.jse.co.za/redirects/market-notices-and-circulars, /redirects/market-notices-and-circulars
IRC Margin Requirements IRC Margin Requirements https://www.jse.co.za/downloadable-files?RequestNode=/YieldX/IRC_Margin_Requirements, IRC Margin Requirements
Interest rate and Currency Derivatives Daily StatsInterest rate and Currency Derivatives Daily Statshttps://www.jse.co.za/downloadable-files?RequestNode=/YieldX/Dailystats, https://www.jse.co.za/downloadable-files?RequestNode=/YieldX/Dailystats
Currency Futures Close outsCurrency Futures Close outshttps://www.jse.co.za/downloadable-files?RequestNode=/Currency_Futures_CloseOut, https://www.jse.co.za/downloadable-files?RequestNode=/Currency_Futures_CloseOut
Currency Futures pricesCurrency Futures priceshttps://www.jse.co.za/trade/derivative-market/derivative-futures-data/currency-futures, https://www.jse.co.za/trade/derivative-market/derivative-futures-data/currency-futures
Advisory Minutes Advisory Minutes https://www.jse.co.za/trade/advisory-minutes, /trade/advisory-minutes
Rand Spot fixingRand Spot fixinghttps://www.jse.co.za/downloadable-files?RequestNode=/Forex, https://www.jse.co.za/downloadable-files?RequestNode=/Forex

 Related Documents

 

 

Currency Derivatives Trading Fee Schedule 2017Currency Derivatives Trading Fee Schedule 2017https://www.jse.co.za/content/JSEContactListItems/Currency Derivatives Trading Fee Schedule 2017.pdfpdf
JSE Markets Calendar 2017 JSE Markets Calendar 2017 https://www.jse.co.za/content/JSETradingDatesandCalendarsItems/MarketsCalendar2017.pdfpdf
Currency Derivatives Trading Fee Schedule Market MarkersCurrency Derivatives Trading Fee Schedule Market Markershttps://www.jse.co.za/content/JSEContactListItems/Currency Derivatives Trading Fee Schedule Market Markers.pdfpdf
Currency Derivatives Trading Fee ScheduleCurrency Derivatives Trading Fee Schedulehttps://www.jse.co.za/content/JSEContactListItems/CurrencyDerivativesTradingFeeSchedule.pdfpdf
Currency Derivatives Membership list - Jan 2016Currency Derivatives Membership list - Jan 2016https://www.jse.co.za/content/JSEContactListItems/Currency Derivatives Membership list - Jan 2016.xlsxls
JSE Markets Calendar 2016JSE Markets Calendar 2016https://www.jse.co.za/content/JSETradingDatesandCalendarsItems/MarketsCalendar2016.pdfpdf
Any Day Futures Contract CurrencyAny Day Futures Contract Currencyhttps://www.jse.co.za/content/JSEBrochureItems/AnyDayFuturesContractCurrency.pdfpdf
JSE Any Day Futures ContractJSE Any Day Futures Contracthttps://www.jse.co.za/content/JSEContactListItems/JSE Any Day Futures Contract.pdfpdf
Trading forex futures on the JSETrading forex futures on the JSEhttps://www.jse.co.za/content/JSEBrochureItems/JSECurrencyFuturesBrochure.pdfpdf
Y1390: Currency Futures Initial Margin RequirementsY1390: Currency Futures Initial Margin Requirementshttps://www.jse.co.za/content/JSEInitialmarginrequirementsItems/Y1390.pdfpdf
Currency Derivatives Advisory Committee Meeting Minutes March 2014Currency Derivatives Advisory Committee Meeting Minutes March 2014https://www.jse.co.za/content/JSEPricingItems/Currency Derivatives Advisory Committee Meeting Minutes March 2014.pdfpdf
Currency Derivatives Trading HoursCurrency Derivatives Trading Hourshttps://www.jse.co.za/content/JSETradingDatesandCalendarsItems/Currency Derivatives Trading Hours.pdfpdf
Trading forex options on the JSETrading forex options on the JSEhttps://www.jse.co.za/content/JSEEducationItems/JSECurrencyOptions.pdfpdf
JSE Currency OptionsJSE Currency Optionshttps://www.jse.co.za/content/JSEContactListItems/JSE Currency Options.pdfpdf
JSE Currency FuturesJSE Currency Futureshttps://www.jse.co.za/content/JSEContactListItems/JSE Currency Futures.pdfpdf

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