Bulawayo Derivatives Exchange

bulawayo derivatives exchange (budex) is a new zimbabwean on-the-counter exchange for derivatives, financial instruments. in the initial phases budex will be trading on options, and futures that are derived from other forms of stocks and commodities. budex opens its doors for the first time in 2020 over-the-counter (otc) leveraged derivatives enable clients to take advantage of changes in an asset’s price, without owning the asset itself. for example, a leveraged derivative allows a client to take a position in a financial instrument, either buying or selling, while only putting down a percentage of the value of their trade as security – known as margin. this is an extremely efficient way of trading financial markets over the short term. we also offer clients access to a range of risk-mitigation measures, including stops and limits and a limited risk account. trading will solely be in zimbabwean dollars, z$, united states dollar, us$, and the south african rand, zar. all forms