Equity Derivatives Market

The Equity Derivatives Market, formally Safex, was established in 1988 to provide a secure and efficient on-exchange market for trading Derivatives in South Africa. Today the market provides professional traders and private investors with a platform for trading Futures, Exchange Traded CFDs, Options and other sophisticated Derivatives Instruments in a liquid and transparent environment. The regular administration of margins prevents participants from accumulating large unpaid losses, which could impact on the financial position of other market users (systemic risk). In addition, all contracts are against the Safcom clearing house which drastically reduces the credit risk from a traditional over the counter transaction.

  • More than 1000 Derivatives Contracts offered.
  • Standardised and bespoke contracts available.
  • Physically and cash settled contracts available.
  • High market activity from individual and institutional investors as well as hedge funds.
  • Electronic central order book enhances transparency and liquidity.
  • Aggregation of trade activity creates competition for the best price.

 

Variation Margin

Unlike the cash market where your profit or loss is only realised once you sell the instrument, JSE Equity Derivatives pay the profit or loss on a daily basis. This payment is known as variation margin and is equal to the difference in the value of the Derivative from day to day.

Close Out

All JSE equity derivatives have close out dates on which the contract expires. These dates happen quarterly at 12h00 on the third Thursday of March, June, September & December. Close out prices are determined by an auction process for JSE listed equities and the following link will allow you to watch these auctions live:

 

Regulation

The protection and safeguarding of clients’ interests are of utmost importance. Regulation plays a crucial role in this regard. The Equity Derivatives Market is overseen by the Financial Services Board and controlled in terms of the Securities Services Act. Certain regulatory activities include the registration of all members and clients, strict financial requirements for members and regular inspection of members’ records and procedures.

Clearing and settlement

Trading on a formal exchange that connects buyers and sellers achieves transparent price discovery and all transactions are guaranteed through the Derivatives clearing structure.

Click herefor more information.

 

 

THE JSE TRANSFROMS ITS BRAND IDENTITY THE JSE TRANSFROMS ITS BRAND IDENTITY <img alt="" src="/news/PublishingImages/FFP_5501.jpg" style="BORDER:0px solid;" /><p>​<strong><em>14</em></strong><strong><em><sup>th</sup></em></strong><strong><em> April 2014, Johannesburg, </em></strong>Today the Johannesburg Stock Exchange (JSE) revealed its new brand which demonstrates the bourse's identity as a modern African marketplace that connects investors to growth opportunities globally. </p>https://www.jse.co.za/news/the-jse-transfroms-its-brand-identity, THE JSE TRANSFROMS ITS BRAND IDENTITY 4/13/2014 10:00:00 PM
June Quarterly Review DatesJune Quarterly Review Dates<img alt="" src="/news/PublishingImages/FFP_5501.jpg" style="BORDER:0px solid;" /><p>​The quarterly review of the FTSE/JSE Africa Index Series constituents takes place in March, June, September and December.</p>https://www.jse.co.za/news/1-june-quarterly-review-dates, June Quarterly Review Dates4/13/2014 10:00:00 PM
Reconstitution Effective DatesReconstitution Effective Dates<img alt="" src="/news/PublishingImages/FFP_5501.jpg" style="BORDER:0px solid;" /><p>​May  (Q2):                             Thursday, 8 May 2014</p><p>August (Q3):                         Thursday, 7 August 2014</p><p>November (Q4):                   Thursday, 6 November 2014</p>https://www.jse.co.za/news/reconstitution-effective-dates, Reconstitution Effective Dates4/13/2014 10:00:00 PM

 

 

Trading Derivatives SeminarTrading Derivatives Seminarhttps://www.jse.co.za/events/Pages/Trading-Derivatives-Seminar.aspx, https://www.jse.co.za/events/Pages/Trading-Derivatives-Seminar.aspx5/25/2014 10:00:00 PM
Investment MythbustersInvestment Mythbustershttps://www.jse.co.za/events/investment-mythbusters, https://www.jse.co.za/events/investment-mythbusters5/20/2014 10:00:00 PM

 

 

New Exchange Traded CFDNew Exchange Traded CFDhttps://www.jse.co.za/content/JSENoticesandCircularsItems/Equity Derivatives/2014/NoteF6977.pdfpdf
IDX Future (PNRG) and IDX Dividend Future (PNRD)IDX Future (PNRG) and IDX Dividend Future (PNRD)https://www.jse.co.za/content/JSENoticesandCircularsItems/Equity Derivatives/2014/NoteF6978.pdfpdf
Change in Member Name – Resolution Market Management (Pty) LtdChange in Member Name – Resolution Market Management (Pty) Ltdhttps://www.jse.co.za/content/JSENoticesandCircularsItems/Equity Derivatives/2014/NoteF6979.pdfpdf
IDX Future (AANG) and IDX Dividend Future (AAND)IDX Future (AANG) and IDX Dividend Future (AAND)https://www.jse.co.za/content/JSENoticesandCircularsItems/Equity Derivatives/2014/NoteF6980.pdfpdf
IDX Future 9CSTG) and IDX Dividend Future (CSTD)IDX Future 9CSTG) and IDX Dividend Future (CSTD)https://www.jse.co.za/content/JSENoticesandCircularsItems/Equity Derivatives/2014/NoteF6982.pdfpdf
Treatment of Aquarius Platinum Limited (AQP) Corporate Action – Rights Issue 22nd April 2014 (Ex-date)Treatment of Aquarius Platinum Limited (AQP) Corporate Action – Rights Issue 22nd April 2014 (Ex-date)https://www.jse.co.za/content/JSENoticesandCircularsItems/Equity Derivatives/2014/NoteF6984.pdfpdf
Treatment of Brimstone Investment Corporation Limited N (BRNQ) Corporate Action – 17th April 2014 (Ex. Date)Treatment of Brimstone Investment Corporation Limited N (BRNQ) Corporate Action – 17th April 2014 (Ex. Date)https://www.jse.co.za/content/JSENoticesandCircularsItems/Equity Derivatives/2014/NoteF6985.pdfpdf
20140411-weekly_stats20140411-weekly_statshttps://www.jse.co.za/content/JSEStatisticsItems/20140411-weekly_stats.xlsxxlsx

Contact Us
  • General enquiries

    Email: info@jse.co.za

    Tel: +27 11 520 7777
     
     
  • Trading, post trade and business enquiries

    Email: Derivatives Trading

    Tel: +27 11 520 7349
     
     
  • Equity derivatives business

    Email: ALSI@jse.co.za

    Tel: +27 11 520 7790
  •