Single Stock Futures

We offer online trading in Single Stock Futures, using Swordfish.

There are two ways to do this. The first is to trade the future directly, onscreen on Swordfish. At present, this is not always possible due to lack of liquidity in the futures themselves. Safex has however announced plans to increase the liquidity in these instruments starting with the largest, most heavily-traded shares on the JSE.

The second way to trade Single Stock Futures is by trading the physical underlying shares themselves. We then allocate the Single Stock Futures to your account, based on the price at which the shares traded.

We offer all the shares traded on the JSE, live on screen, with market depth. There are also the same graphs, indicators and historical data available for all the JSE shares, as there are for all the Index futures and Agricultural Commodities futures.

Costs of trading Single Stock Futures with DWT Securities:

Trading Single Stock Futures onscreen on Swordfish:

0.2% of the underlying value or minimum R50, 00 + VAT per trade plus Safex and Clearing fees. Only the aggressor (taker of the price) will be charged Safex and Clearing fees.

When trading the underlying JSE Share on Swordfish (and getting the Single Stock Future allocated to your account):

The Single Stock Future price gets based on the Share price traded.

An additional market maker's fee of 0.1% is included in the price of the future.

Safex and Clearing fees will always apply.

There is a monthly JSE data fee of R114 (including VAT) for clients activating the JSE trading capability.