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THE NATURE OF THE DERIVATIVE MARKET TRANSACTIONS TRADED IN THE JOHANNESBURG SECURITIES EXCHANGE

Tankiso Moloi

DOI: 10.22495/rgcv4i3c1art3

Abstract

The main objective of the study was to assess and understand the nature of derivative products traded in the Johannesburg Securities Exchange (JSE) by analysing daily transactions consisting of deals and contracts concluded, as well as notional values of derivatives traded in the review period. Analysed data found that the South African derivative market continues to grow and evolve with the consistent introduction of new derivative products such as the “can do” derivatives, IDX derivatives that are now being traded at the JSE. The evolvement and growth is confirmed by the fact that the total derivative deals in the JSE has also grown by 16.6% (CAGR) from 2006. The study further found that the equity index remains the largest derivative for both options and futures.

Keywords: Johannesburg Securities Exchange, Options, Futures, Equity, Commodities, IDX and Dividends

How to cite this paper: Moloi, T. (2014). The nature of the derivative market transactions traded in the Johannesburg securities exchange. Risk governance & control: financial markets & institutions, 4(3,1), 90-101. doi:10.22495/rgcv4i3c1art3

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