JSE has world’s top single stock future market

JOHANNESBURG – South Africa’s JSE Ltd stock exchange has overtaken its Indian counterpart as the operator of the world’s biggest single stock futures market, according to a report by the World Federation of Exchanges.

The JSE said in a statement yesterday the report on derivatives showed the JSE traded 44 million contracts in the first quarter, up more than 200 per cent versus the year-ago period and ahead of the 30 million traded on the National Stock Exchange of India. Europe’s Euronext.liffe traded 12 million contracts, up more than 300 per cent versus the year-ago period as the asset structure gains in popularity, the report showed.Allan Thomson, the JSE’s director of trading, said the South African exchange had launched single stock futures earlier than many of its counterparts and had overcome regulatory issues quickly, helping it steal a march on rivals.He said he expected larger exchanges to overtake the JSE as investors increasingly opt to trade single stock futures.Nampa-ReutersEurope’s Euronext.liffe traded 12 million contracts, up more than 300 per cent versus the year-ago period as the asset structure gains in popularity, the report showed.Allan Thomson, the JSE’s director of trading, said the South African exchange had launched single stock futures earlier than many of its counterparts and had overcome regulatory issues quickly, helping it steal a march on rivals.He said he expected larger exchanges to overtake the JSE as investors increasingly opt to trade single stock futures.Nampa-Reuters