Idiosyncrasies abound in South Africa's financial markets, especially when it comes to listed products. Single-stock futures (SSFs), for example - contracts that have yet to truly make their mark on European and US exchanges - are a big hit in South Africa. Of 168 million equity derivatives contracts traded on the Johannesburg Stock Exchange (JSE) between January and August of this year, 142 million contracts were SSFs.
And then there is the nascent dividend futures market. South Africa is th