Court is the next battleground in a war between securities exchanges in South Africa. New exchange 4AX launched a High Court application to set aside both the decision of the FSB and its Appeals Board to grant a licence to new exchange ZAR X.
Back to the “coffee shops” – exchanges’ new roles in information, bringing together market participants. Trend highlights today at the World Exchanges Congress 2016.
Nigeria’s booming fixed interest and currency securities exchange FMDQ OTC Plc (“over-the-counter”) recorded market turnover of NGN93.9 trillion ($471.7 billion) for the 8 months to 31 August.
South Africa’s securities exchange, the JSE Ltd, is to launch a set of exotic currency products after demand from some South African banks. These derivatives give investors the advantages of listed derivatives but are as flexible as over-the-counter contracts.