South Africa’s JSE eyes exchange-traded fund for platinum in 2010

By bne IntelliNews May 10, 2010
South African stockexchange operator JSE Ltd hopes to list an exchange-traded fund for platinum in2010 as it looks to tap growing demand for commodities. It added it was lookingto launch an Africa ETF in South Africa,with blue-chip companies from elsewhere on the continent, and was separatelyawaiting final regulatory approval for Block X, the first dark pool in Africa. JSE chief operating officer Leanne Parsons told Reuters its a few months away at least,even if the market conditions are right, but that she was hoping it would bethis year. The JSE reported a slip in 2009 profits in March, but has since hitrecord equity trading volumes due to market volatility and more foreigninterest in the countrys economy.

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