A NEW player has entered the share trading game after the Financial Services Board (FSB) granted it a comprehensive exchange service licence.ZAR X becomes the first company in more than 100 years to clinch a licence. It will effectively compete with the JSE, which has enjoyed monopoly status for ages.The company is headed by Etienne Nel, who in the past has been involved in the development of a number of restricted empowerment share-trading platforms.ZAR X said on Wednesday receiving the licence paved the way for the launch of the platform in September.JSE CEO Nicky Newton-King said her organisation had not had an opportunity to study the conditions — if any — on which ZAR X’s licence was granted. However, she said she was confident of the JSE’s ability to compete."We are confident in our ability to compete in any segment of our market, based on the products, services, technology, and pricing that we offer our clients," she said.The new exchange will offer a main board to securities...

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