JP Morgan has expanded its electronic trading facility to accommodate shares, bonds and equity and agricultural derivatives on the Johannesburg Stock Exchange and South African Futures Exchange.
Jerome Kemp, global co-head of futures and options at JP Morgan in London, said the bank had other emerging markets on its radar but was not yet ready to pursue them actively.
The move is part of the bank’s plans to become a leading global futures commission merchant. “JP Morgan’s futures and options business leads the industry in providing access to the world’s emerging exchanges,” claimed Kemp, “and the connection to Safex is an important leg to...