CME Group And Johannesburg Stock Exchange Agree On Corn Future Contract

CME Group has revealed an agreement made with Johannesburg Stock Exchange Ltd for corn futures contracts. JSE's Safex Agricultural Products Division will list, trade and settle the contracts. "JSE is delighted to enter into this agreement with CME Group, home

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CME Group has revealed an agreement made with Johannesburg Stock Exchange Ltd for corn futures contracts.

JSE’s Safex Agricultural Products Division will list, trade and settle the contracts.

“JSE is delighted to enter into this agreement with CME Group, home of the widest range of commodity derivatives on any exchange in the world,” says Rod Gravelet-Blondin, JSE Senior General Manager. “Its benchmark corn prices are the world standard and as such will promote deeper, more liquid markets in our domestic Maize futures contracts, to the benefit of all market participants. This represents a further step toward globalizing South Africa’s financial markets,” he says.

SA

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