JSE to launch Zambia dollar-denominated maize contract

The Johannesburg Stock Exchange (JSE) is setting up a contract for Zambian maize that will be denominated in US dollars. The contract will add liquidity to the Zambian market and provide the South African grain industry with better access to Zambian grain. “We are in the process of launching a contract listed on the JSE, denominated in U.S. dollars, which will be the first foreign currency listed contract in any asset class on the JSE,” Donna Nemer, the bourse’s director of capital markets, told Reuters on the sidelines of the…

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