A2X Markets

{{short description|South African stock exchange}}

{{Use South African English|date = October 2023}}

{{Infobox exchange

| name = A2X Markets

| logo = 200px

| type = Stock exchange

|city = Sandton, Johannesburg

|country = South Africa

|foundation= {{Start date and age|2014}}

|currency = Rand

| key_people = Ashley Mendelowitz
Chairman
Kevin Brady
Chief Executive Officer

Neal Lawrence
Chief Technology Officer

Otsile Matheba
Chief Financial Officer

Gary Clarke
Head of Legal and Regulation

|listings = 176

|mcap = R 10.9 trillion

| homepage = {{UR|https://www.a2x.co.za}}

|coordinates={{coord|-26.11321|28.05481|type:landmark_region:ZA-GT|display=inline,title}}}}

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.{{Cite web|url=https://www.fin24.com/Entrepreneurs/My-Business/how-3-questions-birthed-the-a2x-stock-exchange-in-sa-20190404|title=How 3 questions birthed the A2X stock exchange in SA|date=2019-04-04|website=Fin24|access-date=2019-04-18}}

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.{{cite web|url=https://www.a2x.co.za/2016/04/04/a2x-markets-granted-exchange-licence/|title=A2X Markets Granted Exchange Licence|date=4 April 2016 }} On 6 October 2017, A2X debuted{{Citation|last=SABC Digital News|title=A2X, SA's newest stock exchange launched|date=2017-10-06|url=https://www.youtube.com/watch?v=a9IDrCvC584|access-date=2019-04-18}} with 3 listings African Rainbow Capital, Peregrine Holdings and Coronation Fund Managers and a combined market cap of R14 billion.{{Cite web|url=https://www.businesslive.co.za/bd/companies/financial-services/2017-09-22-a2xs-value-to-top-r14bn-on-peregrine-and-arc-listings/|title=A2X's value to top R14bn on Peregrine and ARC listings|website=BusinessLIVE|language=en-ZA|access-date=2019-04-18}}

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