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Financial Instruments

Markets

Monad Investments provides access to a comprehensive range of financial instruments across all major asset classes — with particular depth in Pan-African forex pairs, regional equities, and commodity markets that are underserved by global platforms.

10

Asset Classes

180+

Instruments

20

Forex Pairs

8

African Currencies

Foreign Exchange

Forex &
Currency Markets

The world's most liquid market, trading over $7.5 trillion daily. Our forex offering spans G10 majors, key crosses, and an unmatched selection of Pan-African emerging market currency pairs — giving clients direct exposure to the continent's fastest-growing economies.

24-hour trading, five days a week. Competitive spreads from 0.6 pips on majors. African EM pairs available with institutional-grade execution.

20

Pairs

8

African EM

0.6

Min Spread

G10 Major Pairs7 pairs

EUR/USD

Euro / US Dollar

Most traded pair globally — deep liquidity, tight spreads around the clock

From 0.6 pips

GBP/USD

Sterling / US Dollar

High volatility, sensitive to UK economic data and Bank of England policy

From 0.9 pips

USD/JPY

US Dollar / Japanese Yen

Safe-haven dynamics; closely watched during risk-off market episodes

From 0.7 pips

USD/CHF

US Dollar / Swiss Franc

Swiss franc as global safe haven; SNB intervention risk a key factor

From 1.0 pips

AUD/USD

Australian Dollar / US Dollar

Commodity-linked; tracks iron ore and Chinese demand cycles

From 0.9 pips

USD/CAD

US Dollar / Canadian Dollar

Petro-currency pair; crude oil prices drive significant correlation

From 1.0 pips

NZD/USD

New Zealand Dollar / US Dollar

Dairy and agricultural commodity exposure; RBNZ policy sensitive

From 1.2 pips

Key Cross Pairs3 pairs

EUR/GBP

Euro / Sterling

Eurozone–UK trade relationship; Brexit legacy volatility persists

From 1.1 pips

EUR/JPY

Euro / Japanese Yen

Carry trade favourite; divergence between ECB and BoJ policy

From 1.4 pips

GBP/JPY

Sterling / Japanese Yen

High-volatility cross; amplifies moves in both constituent currencies

From 1.8 pips

Pan-African EM Pairs8 pairs

USD/KES

US Dollar / Kenyan Shilling

East African anchor currency; CBK intervention and remittance flows key

From 2.5 pips

USD/NGN

US Dollar / Nigerian Naira

Oil-revenue dependency; CBN policy and FX reserve levels drive sentiment

From 3.0 pips

USD/ZAR

US Dollar / South African Rand

Most liquid African currency; gold and platinum export correlation

From 2.8 pips

USD/EGP

US Dollar / Egyptian Pound

IMF programme dynamics; tourism receipts and Suez Canal revenues

From 3.5 pips

USD/GHS

US Dollar / Ghanaian Cedi

Cocoa and gold export economy; post-restructuring recovery trajectory

From 4.0 pips

USD/TZS

US Dollar / Tanzanian Shilling

Tourism and gold export driven; relatively stable managed float

From 3.2 pips

USD/UGX

US Dollar / Ugandan Shilling

Coffee and oil sector exposure; EAC integration tailwinds

From 3.8 pips

USD/RWF

US Dollar / Rwandan Franc

Fastest-growing EAC economy; services and tech sector FX demand

From 4.2 pips

EM Asia Pairs2 pairs

USD/CNY

US Dollar / Chinese Yuan

PBOC managed float; critical for African commodity exporters

From 1.5 pips

USD/INR

US Dollar / Indian Rupee

RBI active management; diaspora remittance flows significant

From 1.8 pips

Capital Markets

Equities &
Capital Markets

Access to African and global equity markets — from the Nairobi Securities Exchange and Johannesburg Stock Exchange to major international bourses. Our capital markets desk provides research-backed execution across listed equities, bonds, and structured products.

NSE, JSE, EGX, and international markets. Institutional block trading and retail access. Fixed income and equity-linked instruments.

Featured African & Global Equities

SCOM

NSE · Telecoms

Safaricom PLC — East Africa's largest company by market cap; M-Pesa fintech platform

NSE

EQTY

NSE · Banking

Equity Group Holdings — Pan-African banking group; 20m+ customers across 7 countries

NSE

KCB

NSE · Banking

KCB Group PLC — Kenya's largest bank by assets; regional expansion into DRC and Rwanda

NSE

EABL

NSE · Consumer

East African Breweries — Diageo subsidiary; dominant spirits and beer market position

NSE

BAMB

NSE · Materials

Bamburi Cement — Infrastructure-linked; East African construction cycle exposure

NSE

COOP

NSE · Banking

Co-operative Bank — Agricultural sector financing; strong SME and retail deposit base

NSE

MTN

JSE · Telecoms

MTN Group Limited — Pan-African mobile operator; 280m+ subscribers across 19 markets

JSE

NPN

JSE · Technology

Naspers Limited — Tencent proxy; largest African tech holding company by market cap

JSE

AGL

JSE · Mining

Anglo American PLC — Diversified mining; platinum, diamonds, copper, iron ore exposure

JSE

SBK

JSE · Banking

Standard Bank Group — Africa's largest bank by assets; 20-country footprint

JSE

Precious Metals

Metals

Precious Metals

Gold, silver, platinum, palladium, and rhodium — the full precious metals complex. Africa is the world's dominant supplier of platinum group metals, making these instruments of particular strategic relevance to our clients.

XAU

Troy oz

Gold — Primary safe-haven asset; central bank reserve accumulation driving structural demand

Troy oz

XAG

Troy oz

Silver — Dual industrial and monetary demand; solar panel manufacturing a key growth driver

Troy oz

XPT

Troy oz

Platinum — South African supply dominance; hydrogen economy and catalytic converter demand

Troy oz

XPD

Troy oz

Palladium — Autocatalyst critical metal; Russian supply concentration creates geopolitical premium

Troy oz

XRH

Troy oz

Rhodium — Rarest precious metal; emission control catalysts; extreme supply inelasticity

Troy oz

Energy Markets

Energy

Crude oil, natural gas, and refined products — the instruments that underpin global economic activity and drive significant currency and equity market correlations across Africa's oil-exporting economies.

Brent and WTI crude benchmarks. Henry Hub and TTF gas. Refined product crack spreads.

CL

Barrel

Brent Crude Oil — Global benchmark; OPEC+ production decisions and geopolitical risk premium

Barrel

WTI

Barrel

WTI Crude Oil — US benchmark; shale production dynamics and Gulf Coast inventory levels

Barrel

NG

MMBtu

Natural Gas (Henry Hub) — US gas benchmark; LNG export capacity and European demand post-Ukraine

MMBtu

TTF

MWh

Natural Gas (TTF) — European gas benchmark; storage levels and Norwegian pipeline flows

MWh

HO

Gallon

Heating Oil — Distillate demand proxy; refinery margins and seasonal demand patterns

Gallon

RB

Gallon

RBOB Gasoline — US gasoline benchmark; crack spread and summer driving season dynamics

Gallon

Indices

Global &
African Indices

Broad market exposure through index instruments — from African benchmarks like the NSE 20 and JSE All Share to global bellwethers including the S&P 500 and Nikkei 225. Essential for portfolio construction and macro hedging.

NSE20

East Africa

NSE 20 Share Index — Kenya's blue-chip benchmark; 20 most capitalised and liquid NSE-listed companies

East Africa

JSE

Southern Africa

JSE All Share Index — South Africa's broad market benchmark; mining and financial sector dominant

Southern Africa

EGX30

North Africa

EGX 30 Index — Egypt's premier index; banking, real estate, and consumer sector concentration

North Africa

MASI

North Africa

Moroccan All Shares — Casablanca Stock Exchange benchmark; financial and telecoms sector weight

North Africa

SPX

US

S&P 500 — US large-cap benchmark; global risk appetite barometer for EM positioning

US

NDX

US

Nasdaq 100 — Technology sector benchmark; AI and semiconductor cycle exposure

US

DAX

Europe

DAX 40 — German blue-chip index; industrial and automotive sector bellwether

Europe

FTSE

Europe

FTSE 100 — UK large-cap index; significant commodity and financial sector weight

Europe

N225

Asia

Nikkei 225 — Japan's premier index; yen dynamics and export sector sensitivity

Asia

HSI

Asia

Hang Seng Index — Hong Kong benchmark; China policy and tech sector regulatory risk

Asia

Derivatives

Futures &
Derivatives

Exchange-traded futures across agricultural commodities, equity indices, and metals. Particularly relevant for African agricultural producers and processors seeking price risk management tools.

ZC

CBOT

Corn Futures — Global grain benchmark; African food security and import cost exposure

CBOT

ZW

CBOT

Wheat Futures — Black Sea supply disruption sensitivity; North African import dependency

CBOT

ZS

CBOT

Soybean Futures — Brazilian and US crop cycle; African protein feed demand growth

CBOT

KC

ICE

Coffee (Arabica) — Ethiopian and Kenyan origin premium; climate risk and crop yield volatility

ICE

CC

ICE

Cocoa Futures — West African supply dominance; Ghana and Côte d'Ivoire crop fundamentals

ICE

CT

ICE

Cotton Futures — East African textile sector input; Egyptian long-staple premium variety

ICE

SB

ICE

Sugar No. 11 — Brazilian ethanol blend policy; East African cane production growth

ICE

ES

CME

E-mini S&P 500 — Most liquid equity futures contract; global portfolio hedging instrument

CME

GC

COMEX

Gold Futures — Physical delivery gold contract; basis to spot XAU/USD

COMEX

Digital Assets

Cryptos

Digital Assets &
Cryptocurrencies

Bitcoin, Ethereum, and the broader digital asset ecosystem — including stablecoins that are reshaping cross-border payments and dollar access across Africa's capital-controlled markets.

BTC

Digital Asset

Bitcoin — Digital gold narrative; institutional adoption and ETF inflows driving structural demand

ETH

Digital Asset

Ethereum — Smart contract platform; DeFi and tokenisation infrastructure layer

BNB

Digital Asset

BNB Chain — Binance ecosystem token; largest CEX by volume, regulatory risk premium

SOL

Digital Asset

Solana — High-throughput L1; DePIN and consumer application ecosystem growth

XRP

Digital Asset

XRP — Cross-border payment settlement; African remittance corridor use case

USDT

Digital Asset

Tether (USDT) — Largest stablecoin; dollar access in capital-controlled African markets

USDC

Digital Asset

USD Coin — Regulated stablecoin; institutional-grade dollar settlement on-chain

ADA

Digital Asset

Cardano — African blockchain identity and financial inclusion projects; Atala PRISM

Industrial Metals

Base Metals

Copper, aluminium, zinc, nickel, lead, and cobalt — the metals that power the global energy transition. Africa holds the world's largest reserves of cobalt and significant copper deposits in the DRC and Zambia.

Agricultural & Soft

Commodities

Agricultural and soft commodities with direct African origin relevance — coffee, cocoa, tea, cotton, and more. These instruments connect global price discovery to the continent's smallholder and commercial farming sectors.

Base Metals

CU

MT

Copper — Electrification bellwether; EV and renewable energy infrastructure demand structural driver

MT

AL

MT

Aluminium — Energy-intensive production; power cost and Chinese smelter capacity key price drivers

MT

ZN

MT

Zinc — Galvanising and construction exposure; African mine supply from DRC and Zambia

MT

NI

MT

Nickel — Battery cathode material; Indonesian supply surge reshaping global market structure

MT

PB

MT

Lead — Battery storage and recycling economy; relatively stable demand profile

MT

CO

MT

Cobalt — DRC supply concentration; EV battery chemistry transition risk and opportunity

MT

African & Global Commodities

COFFEE

East Africa

Arabica Coffee — Ethiopia and Kenya origin premiums; specialty grade commands 40–80% above C-contract

East Africa

TEA

East Africa

Black Tea — Kenya world's largest exporter; Mombasa auction benchmark price

East Africa

COCOA

West Africa

Cocoa — Ghana and Côte d'Ivoire supply 65% of global production; COCOBOD pricing

West Africa

MAIZE

Southern Africa

White Maize — SAFEX-listed; South African crop as regional food security barometer

Southern Africa

COTTON

East/West Africa

Cotton — Tanzania and Mali production growth; quality premium for long-staple varieties

East/West Africa

SESAME

East Africa

Sesame Seeds — Ethiopia and Sudan dominant exporters; Chinese import demand drives price

East Africa

CASHEW

West Africa

Cashew Nuts — Côte d'Ivoire and Tanzania; raw nut export vs. processed value-add debate

West Africa

TIMBER

Central Africa

Timber & Forestry — Congo Basin sustainable forestry; FSC certification premium and carbon credit overlay

Central Africa

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