Derivatives traders are now able to buy and sell Barclays Bank Futures on the Nairobi Derivatives Market (NEXT). Investors will put in a minimum of KSh1,800 as the initial margin in exchange for one Barclays bank Futures Contract.
NSE added Barclays Futures into the derivatives market after it reviewed the composition of the NSE 25 Share Index.
The entry of Barclays Bank Futures into the Nairobi derivatives market brings the number of single stock futures trading on the platform to six. Other stock futures on NEXT are; Safaricom, KCB Group, Equity Group, EABL, and BAT.
The Kenyan derivatives market started trading on 4th July. The exchange intends to add more products on the derivatives segment including commodities.
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