The BRICS Securities and Derivatives Markets - Hong Kong ...
The BRICS Securities and Derivatives Markets - Hong Kong ...
The BRICS Securities and Derivatives Markets - Hong Kong ...
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<strong>The</strong> <strong>BRICS</strong> <strong>Securities</strong> <strong>and</strong> <strong>Derivatives</strong> <strong>Markets</strong>activities. As for the cooperation on derivatives products, the JSE has signed licensingagreements with CME Group to launch futures on corn, precious metals <strong>and</strong> crude oil.Before BESA was acquired by the JSE, it formed a partnership with NASDAQ OMX tolaunch BondClear, a new clearing house for OTC interest rate derivatives in South Africa.NASDAQ OMX initially had a 20% stake in BondClear but the stake was subsequently soldto the JSE. BondClear is now wholly owned by the JSE <strong>and</strong> is awaiting a clearing houselicence from the FSB.<strong>The</strong> JSE has been an active promoter of socially responsible investment (SRI) among SouthAfrican listed companies. A further step was taken in June 2012 when the JSE, NASDAQOMX, BM&FBOVESPA, Istanbul Stock Exchange <strong>and</strong> Egyptian Stock Exchange announcedtheir joint commitment to promote long-term sustainable investment <strong>and</strong> improvedenvironmental, social <strong>and</strong> corporate governance disclosure <strong>and</strong> performance among theirlisted companies.* * *Disclaimer<strong>The</strong> analysis <strong>and</strong> framework of this paper are developed by Research & Corporate Development Departmentbased on the information derived from sources believed to be reliable. Any views <strong>and</strong> comments in this papercaptured within the framework do not necessarily represent those of HKEx.- 30 - Research & Corporate Development, HKEx31 December 2012
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