Bond trading in Nigeria is largely the preserve of big investors dealing over the counter, but the Nigerian Stock Exchange on Friday opened a new trading platform which it says will make dealing in fixed income “as easy as trading in shares” for retail investors. Continue reading »
The rise of emerging markets has been accompanied by rapid growth in their capital markets. But some markets have emerged more quickly than others. Chart of the week looks at which markets have grown most quickly, and in which areas. Continue reading »
The Singapore Exchange has signalled its ambition to capture a slice of trading in securities denominated in renminbi, announcing it will list, quote, trade, clear and settle securities denominated in the Chinese currency.
The move comes as the gradual internationalisation of the renminbi is prompting some exchanges to offer products denominated in the currency in anticipation that investors eventually will trade securities and derivatives on exchanges in significant amounts. Continue reading »
Some investors in the Saudi stock market breathed sigh of relief on Wednesday after the Capital Markets Authority lifted a suspension of trading on Saudi Integrated Telecom Company, known in Arabic as AlMutakamela.
The telecoms operator has been at the center of Riyadh market gossip for the past few months as bankers tried to piece together exactly why trading in its shares was halted on April 1, less than a year after its initial public offering. Continue reading »
When it comes to commodity exchanges, African countries are hoping it’s second time lucky. The continent’s first forays into the arena – mostly in the 1990s – weren’t much of a triumph. But several countries are now trying to fare better as they work to establish or revive their marketplaces.
The driving force behind renewed interest? The unexpected – and fairly significant – success of the Ethiopia Commodity Exchange. Continue reading »
The Gulf is bidding to win a share of the fast-moving global copper trade.
The Dubai Gold and Commodities Exchange will launch a copper futures contract this week, offering investors arbitrage opportunities with the leading copper markets in London and New York, as well as Mumbai and Shanghai.
Working with BM&FBovespa, Brazil’s largest financial exchange operator, the exchange now plans this year to start trading new derivatives – foreign currency, blue-chip share index and fixed-income futures – in a bid to draw foreign investors. Some derivatives have previously been traded in Chile but traders say the market in them is small and illiquid. Continue reading »
Saudi Arabia will allow foreign companies to list securities on its stock exchange for the first time, as the kingdom inches toward opening its bourse to full foreign investment, according to Camilla Hall on FT.com. There is also mounting speculation that Saudi Arabia, home to the Arab world’s largest stock market, will soon allow foreigners to buy shares directly in the kingdom. Continue reading »
Sudan, which has gone through years of war and the break-away of oil-rich South Sudan, has decided to expand its tiny stock market in an effort to compensate for the loss of its all important oil revenues. Sudan is also going to, finally, turn the exchange electronic. Continue reading »
After more than three years of fully open access, we are taking the step of asking our readers to register on FT.com to read our articles. Beyondbrics will still be free but we'd like to know a bit more about you, our readers. Other FT blogs (including Alphaville) already do the same thing. Registration is active on beyondbrics from May 6.
Many of you are already registered on FT.com, or are subscribers - in which case, if you are logged in to the site you will not notice any difference. Just carry on as before.
For those of you not yet registered, it's a simple process which only takes a few moments.
Reading beyondbrics articles will NOT deduct from your free monthly quota of stories on FT.com.