Currency Derivatives Market
Founded in 2007, the JSE’s currency derivatives market allows for the on-exchange trading of currency futures and options, 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, 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 and bespoke contracts tailored to clients’ needs.
- 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
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 and there is no physical delivery of the underlying foreign currency.
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.
Please refer to our contract specifications for further details regarding our listed instruments.