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