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Definition

The name given to the JSE's currency derivatives market. The Yield-X, established in 2007, allows the trading of derivative contracts (futures and options) on a variety of currency crosses. These instruments allow traders to hedge their positions in various major currencies such as the US dollar, the British pound, the euro, the Chinese renminbi, the Botswana pula, the Swiss franc, the Canadian dollar and the New Zealand dollar. Details of the various contracts can be found at: <a href="https://www.jse.co.za/trade/derivative-market/currency-derivatives">https://www.jse.co.za/trade/derivative-market/currency-derivatives</a>.

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