{"id":6250,"date":"2011-12-19T12:31:01","date_gmt":"2011-12-19T10:31:01","guid":{"rendered":"http:\/\/www.myza.co.za\/12\/s-africa-currency-derivative-trade-soars-in-2011\/"},"modified":"2011-12-19T12:31:01","modified_gmt":"2011-12-19T10:31:01","slug":"s-africa-currency-derivative-trade-soars-in-2011","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africa-currency-derivative-trade-soars-in-2011\/","title":{"rendered":"S.Africa currency derivative trade soars in 2011"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Volumes, value traded doubles<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Rand extremely volatile in 2011<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG<\/span> Dec 19 (Reuters) &#8211; The value and volume<br \/>\nof currency derivatives traded in South Africa has more than<br \/>\ndoubled this year, boosted by global market turbulence, stock<br \/>\nexchange operator JSE Ltd said on Monday.<\/p>\n<p><span><\/span><\/p>\n<p>The JSE, which runs Africa&#8217;s largest bourse, said in a<br \/>\nstatement that 13.2 million currency derivative contracts were<br \/>\ntraded in the year to end-November, an increase of 103 percent<br \/>\nfrom a year earlier.<\/p>\n<p><span><\/span><\/p>\n<p>The value of those contracts totalled 91.2 billion rand<br \/>\n($10.81 billion), an increase of 117 percent, the exchange said.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The growth also indicates that investors are moving trades<br \/>\nonto the regulated market as they are asked to improve their<br \/>\nrisk profile,&#8221; Warren Geers, general manager of derivatives<br \/>\ntrading and head of the currency derivatives at the JSE said in<br \/>\na statement.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;On-market instruments require no foreign exchange clearance<br \/>\nand are settled in rand.&#8221;<\/p>\n<p><span><\/span><\/p>\n<p>Market players use currency derivatives such as forward<br \/>\ncontracts to their protect their exposure to volatility in<br \/>\nforeign exchange markets.<\/p>\n<p><span><\/span><\/p>\n<p>The rand is a globally traded currency that is<br \/>\noften seen as a proxy for risk sentiment.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Volumes, value traded doubles * Rand extremely volatile in 2011 JOHANNESBURG Dec 19 (Reuters) &#8211; The value and volume of currency derivatives traded in South Africa has more than doubled this year, boosted by global market turbulence, stock exchange operator JSE Ltd said on Monday. The JSE, which runs Africa&#8217;s largest bourse, said in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-6250","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/6250","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=6250"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/6250\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=6250"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=6250"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=6250"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}