U.S. Dollar/South African Rand (USD/ZAR) Futures

Benefit from enhanced access to a leading emerging market with USD/ZAR futures on the South African Rand, a currency often used as a proxy for trading gold, commodities and other emerging market economies. This contract expands CME Group's global FX offering that currently features 60 futures and 31 options on major world and emerging market currencies, all available from the world’s largest regulated FX marketplace.

Now on OpenMarkets: South Africa’s Currency Retains International Appeal

Key Benefits

  • Quoted in standard interbank terms, aligning with OTC conventions
  • CLS-eligible settlement*
  • Physically delivered (first physical delivery month is November 2013)
  • Increased capital efficiency for hedging and trading strategies
  • Global distribution through CME Globex and CME ClearPort
  • Flexible execution including Block, Exchange for Related Positions (EFRP) and All-Or-None (AON) transactions
  • Dedicated local South African market makers to help generate two-sided markets

*CLS is a global multicurrency cash settlement system that mitigates settlement risk for foreign currency transactions on a payment-versus-payment basis for CLS members and their clients through central bank accounts