Interview of Safex CEO about his merger with JSE, bond exchange

This exchange belongs to AFM.
Details on the exchange

CHINA

Shangaï Future Exchange (SHFE) results of the merge of three exchanges: Shanghai Metal Exchange, Shanghai Commodity Exchange and Shanghai Cereals & Oils Exchange.
SHFE starts trading on May 1999. It currently trades three contracts: Aluminium, Copper and Natural rubber. Plywood contracts and Long grain rice contracts are under modification.

INDONESIA
Jakarta Futures Exchange

KAZAKHSTAN
Kazakh International Agroindustrial Exchange

1992

1993

1994

1997

The RCE is structured in three markets where are traded:1) fungible commodities (grain and flour, pork bellies, edible oils, eggs, alcohol, fuel oil, gas oil, scrap iron, non-ferrous metal, cement, timber and others). 2) synthetic fibres and yarns, fertilizers, chemical, building materials and others. 3) consumer goods, percious stones, real estate, transport and tourism .
The Constanta exchange has lanched in 1995 three projects of national interest ( implementation of futures contracts, developement of computerized futures system and info BMMC-exchange-type database developement) in order to keep on developing the grains', metals', timber's markets and oil petrochemical products market.
The TCE was for the first 3 years a general commodity exchange and in the 1997. with the introduction of Future Contracts on synthetical and foreign currency index, it turned into a monetary and commodity exchange. Nowadays it trade spot and futures contracts in the both sector .
The newest exchange, "Sibu Monetary-Financial and Commodity Exchange" was allowed, from 1998 by the National Bank of Romania Agreement to trade currency futures contracts.

The RCE is structured in three markets where are traded:1) fungible commodities (grain and flour, pork bellies, edible oils, eggs, alcohol, fuel oil, gas oil, scrao iron, non-ferrous metal, cement, timber and others) 2) synthetic fibres and yarns, fertilizers, chemicals, building materials and others. 3) consumer goods, at objects, precious stones (including real estate), transport and tourism. The TCE was for the first 3 years a general commodity exchange and in the 1997, with the introduction of Futues Contracts on synthetical and foreign currency index, it turned into a monetary and commodity exchange. Nowadays it trade spot and futurres contracts in both sectors and furthermore it controls the selling through auction operation for lands, assets,ect. The newest exchange obteined in March 1998 the National Bank of Romania Agreement to trade currency futures contracts. The Constanta exchange has launched in 1995 three projects of national interest ( implementation of futures contracts, development of computerized futures system and info BMMC- exchange-type database development) in order to keep on developing the grains', metals', timber's markets and oil petrochemical products market.

In 1991 the commodity exchanges in Russia were 600, whose 80 called "major exchanges"; nowadays the exchanges are just 83, of which 82 are defined as "Dormant". The Inter-republican universal commodity exchange in Moscow is the only one that carry on functioning properly.

ARGENTINA

Bolsa de Comercio de Santa Fe
Merfox B.A.
Bolsa de Cereales
Futures Market Rosario
Rosario Futures Exchange
Board of Trade

The national exchange network is formed by 11 markets, which can ensure the transparency and the efficency of the entire financial system. The oldest Exchange Market is La Bolsa de Cereales de Buenos Aires, which dates from 1907.

BRASIL

Bolsa de Mercadorias & Futuros(BM&F).

Bolsa de mercadorias do Rio Grande do Sul (BMRS)

Bolsa de Mercadorias de Uberlândia (BMU)

Bolsa de Mercadorias de Goiás (BMG)

Bolsa de Mercadorias de Minas Gerais (BMMG)

Bolsa de Mercadorias de Mato Grosso do Sul (BMMS)

Bolsa de Mercadoria de Brasília (BBSB)

Bolsa de Gêneros Alimentícios do Rio de Janeiro (BGA)

Bolsa de Cereais e Mercadorias de Maringá (BCMM)

BM&F is the main commodity exchange in the region and one of the largest futures exchange in the world. The product mainly negotiated are: Coffee Arabica (futures, options and spot), Coffee Robusta (futures), Live Cattle (futures and options), Feeder Cattle (futures), Cotton (futures), Soyabean (futures), Corn (futures) and Crystal Sugar (futures).

"Bolsas" spread throughout the country are organised within a network. The Commodity Exchanges negotiate mostly commodities for immediate or forward delivery. Trade can also takes place through an electronic network.

In BRMS, products mainly negociated are: coffee, corn, soya, sorgo, rice and wheat.

In BMU products mainly negociated are: coffee, cotton and rice and soya.

In BMG products mainly negociated are: beans, live cattle, maize, pig, rice and soya.

In BMMG products mainly traded are: beans, coffee, boneless beef, maize, sorgo, soya and rice.

In BMMG products mainly traded are: beans, maize, rice, soya and wheat

IN BBSB products mainly traded are cereals, rice, soya and first processed commodities

In BGA products mainly traded are fish, meet, cereals, rice, maize and processed commodities.

In BCMM products mainla traded are cereals and fish.

The electronic network (Pregão Público SEUP: Sistema Electrõnico Unificado de Pregões das Bolsas de Mercadorias) links the five exchanges (BM&F does not belong to this network).

Paper from BM&F for the Bürgenstock conference.

Overview of the exchange