Exotic options listing on JSE expected to precipitate more ETPs
The Johannesburg Stock Exchange (JSE) has listed its first exotic currency options in a move that should open up the market for more trading on exchange.
The options are based on the dollar-rand exchange rate and are knock-out barrier options up-and-out and down-and-out. The listing – in partnership with Absa Capital – resulted from a direct fund-of-funds request for the ability to trade these options on exchange rather than over the counter.
"Because of mandates to do more things via exchange
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