A2X Markets

South African stock exchange

26°06′48″S 28°03′17″E / 26.11321°S 28.05481°E / -26.11321; 28.05481Founded2014; 10 years ago (2014)Key peopleAshley Mendelowitz
Chairman
Kevin Brady
Chief Executive Officer

Neal Lawrence
Chief Technology Officer
Otsile Matheba
Chief Financial Officer

Gary Clarke
Head of Legal and RegulationCurrencyRandNo. of listings176Market capR 10.9 trillionWebsitewww.a2x.co.za

A2X Markets is a South African stock exchange. Their goal was to create a new South African exchange to bring healthy competition to the South African marketplace.[1]

A2X is an MTF styled stock exchange that was awarded a licence to operate an exchange by the Financial Services Board, now Financial Sector Conduct Authority (FSCA) on 6 April 2017.[2] On 6 October 2017, A2X debuted[3] with 3 listings African Rainbow Capital, Peregrine Holdings and Coronation Fund Managers and a combined market cap of R14 billion.[4]

Order and Trade Types Offered

A2X offers the following on-book order types:

  • Day Orders
  • Good Till Date [Within the current day only]
  • IOC (Immediate or Cancel)
  • FOK (Fill or Kill)
  • Iceberg
  • Post Only
  • Post Only Cancel Replace
  • MaC (Market at Close)
  • AoD (Auction on Demand)

In addition to the above, A2X also offers the following off-book trade capture reports:

  • LIS (Large In Scale)
  • NBC (Negotiated Benchmark Cross)
  • MP (Matched Principal)

References

  1. ^ "How 3 questions birthed the A2X stock exchange in SA". Fin24. 2019-04-04. Retrieved 2019-04-18.
  2. ^ "A2X Markets Granted Exchange Licence". 4 April 2016.
  3. ^ SABC Digital News (2017-10-06), A2X, SA's newest stock exchange launched, retrieved 2019-04-18
  4. ^ "A2X's value to top R14bn on Peregrine and ARC listings". BusinessLIVE. Retrieved 2019-04-18.
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