What We Do · Derivatives

Options market making.

Algorithmic market-making on listed options in Kenya. Our focus is NSE NEXT, the Nairobi Securities Exchange’s derivatives market, starting with Options on Single Stock Futures, which began trading in June 2026. We are in an active pilot programme with the NSE.

Options let investors hedge, or take a view on a share, without trading the share itself, but they only work well when a price is always available. We offer continuous two-way quotes on NSE NEXT options, so hedgers and investors can trade with tighter spreads and prices they can rely on.

We are currently in an active pilot programme with the Nairobi Securities Exchange on NSE NEXT. The deeper market and product narrative lives on the Kenya markets page.

SCOM · Dec-26 Calls
NSE NEXT
25303540452428303236ATMIV %Strike · KES
Illustrative · SVIρ=-0.42 · m=0.05 · s=0.18
Single Stock Futures

The substrate underneath options.

Single Stock Futures are the foundation product on NSE NEXT. The exchange launched in July 2019 with index futures on the NSE 25 and futures on five of the most liquid shares, and the futures book already has a designated market maker. Our near-term focus is the options book. Where the exchange’s programme allows more futures providers, it is a market we are positioned to cover.

SCOM · SSF Board
NSE NEXT
Illustrative · Spot · KES30.00
ContractExpiryLastBasisOI
DEC2617 Dec 2630.05+0.0512,450
MAR2718 Mar 2730.12+0.128,200
JUN2717 Jun 2730.25+0.254,100
SEP2716 Sep 2730.45+0.452,800
DEC2716 Dec 2730.78+0.78950
Total OI28,500 contracts · cash-settled

SVI surfaces and Greeks lifecycle: the daily discipline of an options book.

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