Anyone trading anything in Africa?

General discussions about futures.
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longmemory
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Anyone trading anything in Africa?

Post by longmemory » Tue May 17, 2011 6:35 am

Hi,

Often overlooked, yet South Africa has a mid sized economy and well developed Futures exchange. Is anyone trading there?

In particular, anyone trading

ALS JSE-FTSE Top 40 Johannesburg SAFEX (JSE)
MAW Grain, Maize, White
MAY Grain, Maize, Yellow

British English Maize=American Corn

ALS is very liquid.
Correlated to FTSE 100 but not severe.
My broker was able to scratch a trade for me mid day, several hours after open, and it must have taken less then ten seconds. (Yes, yes, I know the 'not supposed to scratch...')

ALS back tests superbly with several systems.

Maize has less liquidity but back tests well with any trend follower method.

If you have experience about quality of fills, broker issues, fees, etc., kindly advise.

Thank you.

Chris67
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Post by Chris67 » Tue May 17, 2011 7:25 am

yes i trade all of them
no problems
can be difficult to get access - you need a broker with access obviously
c

longmemory
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Post by longmemory » Tue May 17, 2011 9:41 am

Chris,

Thank you.
Whom do you use as broker?

Any issues with Maize liquidity?
Are there any other market in Africa worth trading?

L

Wisdom
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Post by Wisdom » Tue May 17, 2011 10:08 am

I can provide you with access to all of these markets. PM me if you have any questions.
Best regards,

Chris67
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Post by Chris67 » Tue May 17, 2011 10:29 am

trading these mkts is fine as long as you understand how to trade slightly less liquid markets
its a bit like the milk example elsewhere on the forum - milk doesnt appera to have huge liquidity but i knwo for a fact its traded by some pretty big guys out there
I trade 10/20 / 30 lots on some of the SAFEX markets - havent had any problems - "yet" - im sure as witth most markets there will be times when slippage is terrible - ive accounted for some aggressive slippage ion some of these markets - like 50%
best
c

absret111
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Post by absret111 » Wed Feb 01, 2012 3:01 pm

Hi all,

please could anyone recommend a broker for trading SAFEX markets?

Thanks in advance

Algonquin
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Post by Algonquin » Wed Feb 01, 2012 11:52 pm

No resting stops are permitted for these exchanges, and slippage can be quite bad - 50%+ I decided it wasn't worth it.

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