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Overview

GBOT has been licensed by the FSC to commence trading on two market segments namely: -

  • Currency Derivatives Market Segment
  • Commodity Derivatives Market Segment

In its preliminary stage of operations, GBOT has identified the following eight currency pairs for trading which will be introduced in a phased manner: -

  • EUR/USD
  • GBP/USD
  • YEN/USD
  • USD/MUR
  • ZAR/USD
  • CHF/USD
  • USD/UGX
  • USD/KES

The Mark-to-Market settlement currency would be the quoted currency. All trades shall initially be cash settled.

In the Commodity Derivatives Market Segment, GBOT will introduce the following Commodity contracts (which initially number fourteen) for trading from an assortment of sectors. These commodity futures would be introduced in a phased manner. The commodities contracts are:-

  • Precious Metals - Gold, Silver and Platinum
  • Base Metals - Aluminium, Copper, Nickel and Zinc
  • Agri-Commodities - Coffee, Sugar, Wheat and Maize
  • Energy - Natural Gas and Crude Oil
  • Others - CER
(in due course, additional commodity contracts will be made available for trading)

All currency pair and commodities introduced would have three contracts running simultaneous i.e. near month, mid month and far month contracts.