Johannesburg Stock Exchange (JSE) is South Africa's only full-service securities exchange, connecting buyers and sellers in five different financial markets: equities, equity derivatives, commodity derivatives, currency derivatives and interest rate instruments. JSE offers the investor a first-world trading environment, surveillance and settlement in an emerging market context. It is one of the 20 largest equities exchanges in terms of market capitalization worldwide. The World Economic Forum's Global Competitiveness Report has recognized JSE as one of the world's best regulated financial markets.