Nairobi Stock Exchange All Set to Add FX Derivatives Trading
Monday,02/03/2015|11:24GMTby
Adil Siddiqui
East Africa's largest financial trading venue, the Nairobi Stock Exchange, plans to offer forex futures as it expands its portfolio. The NSE has been one of the fastest growing exchanges in the wider African region.
Currency trading is set to grow in East Africa as one of the region's largest and most established financial trading venues plans to introduce currency futures contracts. The Nairobi Stock Exchange, part of Africa's big-four elite exchanges, will roll-out the new contracts this year which gives investors and corporates the ability to hedge and manage currency exposure through the online contracts.
An official at the NSE spoke about developments of the product at a financial analysts' forum in the city. The NSE has been battling with policy makers on the introduction of the new contracts. Terry Adembesa, product manager, commented at the forum: "We already have approvals from the regulator."
Nairobi Going Global
The NSE will become the second major exchange that caters to the needs of Forex derivatives traders. South African-based venue the Johannesburg Stock Exchange was a front-runner in the region offering currency derivatives to both domestic and international users. Furthermore, the JSE became the first venue in the continent to offer an extended range of domestic currency contracts.
The exchange is expected to launch new currency futures contracts that trade against the Kenyan Shilling. Kenya is one of Africa's best-performing economies with an average annual growth rate of 5%. Furthermore, its pro business attitude and investment approach is attracting new funds into the country. A similar theme pervaded the stock exchange with performance outperforming its peers. In 2013 the stock market rose 44%, with a 17% increase in 2014.
The new FX futures products will support the exchange's international growth strategy as global fund managers will have Risk Management products to safeguard their investments. Kenyan firms such as Safari.com and M-Pesa have attracted global attention.
Currency trading is set to grow in East Africa as one of the region's largest and most established financial trading venues plans to introduce currency futures contracts. The Nairobi Stock Exchange, part of Africa's big-four elite exchanges, will roll-out the new contracts this year which gives investors and corporates the ability to hedge and manage currency exposure through the online contracts.
An official at the NSE spoke about developments of the product at a financial analysts' forum in the city. The NSE has been battling with policy makers on the introduction of the new contracts. Terry Adembesa, product manager, commented at the forum: "We already have approvals from the regulator."
Nairobi Going Global
The NSE will become the second major exchange that caters to the needs of Forex derivatives traders. South African-based venue the Johannesburg Stock Exchange was a front-runner in the region offering currency derivatives to both domestic and international users. Furthermore, the JSE became the first venue in the continent to offer an extended range of domestic currency contracts.
The exchange is expected to launch new currency futures contracts that trade against the Kenyan Shilling. Kenya is one of Africa's best-performing economies with an average annual growth rate of 5%. Furthermore, its pro business attitude and investment approach is attracting new funds into the country. A similar theme pervaded the stock exchange with performance outperforming its peers. In 2013 the stock market rose 44%, with a 17% increase in 2014.
The new FX futures products will support the exchange's international growth strategy as global fund managers will have Risk Management products to safeguard their investments. Kenyan firms such as Safari.com and M-Pesa have attracted global attention.
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The Finance Magnates Awards 2026 nominations are now open. 🏆
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Winners will be announced at the Cyprus Gala Dinner on November 6, 2026.
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The Finance Magnates Awards 2026 nominations are now open. 🏆
From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements.
Winners will be announced at the Cyprus Gala Dinner on November 6, 2026.
Nominate your brand now.
https://awards.financemagnates.com/?utm_source=linkedin&utm_medium=video&utm_campaign=nominations-open
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* How Exness is addressing the demands of mobile-first, younger traders through engineering, platform stability, and transparent conditions.
* The essential role local talent plays in providing a culturally relevant and compliant user experience.
* Mohammad Amer's outlook on the future of the online trading industry and why stronger controls and systems are necessary.
* Why "trust" isn't just a brand value, but has commercial value—and why he predicts 2026 will be the "Year of Trust."
Key Takeaways:
➡️ The MENA region is rapidly shaping global financial markets.
➡️ New traders expect stability, precise execution, and transparency.
➡️ Local expertise is key to regulatory compliance and user experience.
➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency.
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- Altima's unified, event-driven solution architecture
- The concept of a "risk-aware CRM"
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