A2X Markets is a
South African stock exchange
A stock exchange, securities exchange, or bourse is an exchange where stockbrokers and traders can buy and sell securities, such as shares of stock, bonds and other financial instruments. Stock exchanges may also provide facilities for ...
, founded in 2017. It was launched with the goal of creating competition in the South African marketplace.
History
A2X is an
MTF styled
stock exchange
A stock exchange, securities exchange, or bourse is an exchange where stockbrokers and traders can buy and sell securities, such as shares of stock, bonds and other financial instruments. Stock exchanges may also provide facilities for ...
that was awarded a licence to operate an exchange by the Financial Services Board, now Financial Sector Conduct Authority (
FSCA) on 6 April 2017.
On 6 October 2017, A2X debuted with 3 listings African Rainbow Capital, Peregrine Holdings and Coronation Fund Managers and a combined market cap of R14 billion.
Order and Trade Types Offered
A2X offers the following on-book order types:
* Day Orders
* Good Till Date
ithin 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)
See also
*
List of African stock exchanges
There are 38 exchanges in Africa, representing 29 nations' capital markets.
22 of the 38 stock exchanges in Africa are members of the African Securities Exchanges Association (ASEA). ASEA members are indicated below by an asterisk (*).
The Egy ...
References
{{Greater Johannesburg, econ
Stock exchanges in South Africa
Companies based in Sandton