When talking about MEA in terms of derivatives, there is only really South Africa and the United Arab Emirates that are worthy of note. The two are areas of great potential for the derivatives industry not just because of what they offer themselves, but because both can act as gateway’s into other untapped and potentially lucrative markets.
Although liquidity in
South African exchange traded derivatives has suffered since
2008, its volumes are still vastly superior to any other
exchanges in this region and should Africa ever
'take-off’ in the manner that people have been
predicting for some time now, then this market is well
positioned to be the primary beneficiary and driver of that
In the UAE, Dubai is the hotspot for the region boasting the
Dubai Mercantile Exchange (DME) and the Dubai Gold and
Commodities Exchange (DGCX). Both of these are posting rapidly
growing but still relatively small volumes, although a number
of factors look set to make Dubai an important trading hub in
the region and firms are beginning to recognise its value as a
means to access Asian markets.
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