From Business Day Live

The Bond and Derivatives Exchange of Zambia, which becomes only the second derivatives exchange on the continent, is to open for simulated trading next Wednesday, ahead of live trading from July 11.

This move will be followed with the start of trading on the Nairobi Securities Exchange’s derivatives exchange for the East African region next month — a further sign that trading activity in Africa is gaining significant traction.

There has been no functioning derivatives exchange in the East Africa until now, but the Nairobi Securities Exchange has been one of the best performers worldwide in the past 12 months, with growth of 31%. “We believe this to be a significant step as it would be the precursor to the Zambian derivatives exchanges opening for business,” said former JSE executive Allan Thomson.

Read more at bdlive.co.za