A2X Markets
South African stock exchange
From Wikipedia, the free encyclopedia
A2X Markets is a South African stock exchange, founded in 2017. It was launched with the goal of creating competition in the South African marketplace.[1]
| |
| Type | Stock exchange |
|---|---|
| Location | Sandton, Gauteng, South Africa |
| Coordinates | 26.11321°S 28.05481°E |
| Founded | 2014 |
| Key people | Ashley Mendelowitz Chairman Kevin Brady Chief Executive Officer Neal Lawrence Head of Legal and Regulation |
| Currency | Rand |
| No. of listings | 176 |
| Market cap | R 10.9 trillion |
| Website | www |
History
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)