A2X Markets grows trade value to R75bn
The alternate exchange says its growth positions it as a formidable rival to the JSE.
In the last year A2X has welcomed secondary listings from Absa, The Foschini Group and Balwin properties. Image: Supplied
Alternative trading platform A2X Markets has grown its trade value to R75 billion in the last six years, a milestone which the exchange says proves it’s giving the Johannesburg Stock Exchange (JSE) a run for its money.
According to the exchange, this marks a considerable improvement from the R657 million recorded in its first year and cements it as “the first real competitor to the JSE”.
A statement released on Wednesday added that in the last year, it has delivered about R900 million in savings to the market.
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“We are proud to be playing our part in growing the markets in South Africa and the savings pool for all investors,” CEO Kevin Brady said.
“Internationally, competition in the exchange space has been a driving force for innovation, price improvement, and the enhancement of services offered to customers. The presence of multiple trading venues leads to more robust, efficient and diverse financial markets and benefits for investors.”
Currently, A2X has 183 instruments listed, including 31 Top 40 constituents, holding a combined market capitalisation of R9 trillion.
In the last year, A2X has welcomed secondary listings from companies like Absa, The Foschini Group, Balwin Properties and Attacq to its bourse.
“Independent research confirmed that competition in any industry is good for everyone. A2X is growing the marketplace and the savings pool for all investors in South Africa,” Brady added.
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