South African Rand – United States (USD-ZAR) dollar futures contract is a part of the key initiative of the exchange to give access to currencies that are relevant to the region as well as be a one stop shop for emerging market currencies.

The USD-ZAR contract is relevant to the region as South Africa is one of the largest trade partner of UAE especially for the Diamond and Gold trade in the UAE. Many South African mining companies have large presence in UAE.

• USD-ZAR is accessible from 7.00 AM- 11.55 PM UAE time
• Small contract size $50,000 suitable for traders and organizations with smaller exposures
• One of the only regulated platforms offering USD-ZAR Futures in GCC
• UAE is a Tax Free jurisdiction ensuring no tax liability arising out of accrued profit
• Overlaps most trading zones including Europe and United States hence any news effecting the ZAR markets lies within the time zone
• Ideal location for corporate organizations with exposure to hedge ZAR as onshore ZAR liquidity availability is difficult