Busines Article

JSE to list shit and gold futures 5 August 2010 The Johannesburg rip Exchange is extending its existing licensing agreement with the CME Group, the worlds most various derivatives exchange, to list rand- denominated copper and silver futures contracts, giving South African investors further exposure to the international metals market. While listed on the JSEs good derivatives market, and accessible to all JSE equity derivative members and their registered clients, both(prenominal) futures contracts lead reference benchmark settlement prices from CME Groups COMEX the worlds radical market for trading futures on metals such as gold, silver and copper. Contracts are priced and settled in rands with smaller contract sizes compared to the touchstone COMEX contract to make them more accessible to South African investors. The introduction of these foreign-referenced metals contracts forms part of the JSEs continued drive to bring globular markets closer to local shiftrs in a way that is both cost-effective and accessible, JSE senior GM Rod Gravelet-Blondin said in a statement this week. Forex headway not required The listing of these twain metals contracts follows on the JSEs introduction of gold, platinum and sweet crude oil colour futures in October 2009 thanks to the licensing agreement with CME Group.

As with the existing foreign-referenced good futures, local market participants do not need to clear accounts with international brokers or require Reserve Bank clearance to transfer forex to meet margin requirements, as all trade takes place locally. Gravelet-Blondin anticipated strong market appetite for copper and silver futures: These two highly-traded and industrially important commodities are margin to be of interest to local investors. Industrial and plait use correspond to the statement, copper, a base metal, is often referred to as the metal with a PhD in economics, as its widespread industrial and construction use makes its price very... If you want to get a exuberant essay, order it on our website: Orderessay

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