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]
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)
See also
- List of African stock exchanges
References
