A2X wants a greater share of trading activity
Low-cost exchange is building trust with firms so that it can eventually do primary listings as well
A2X, the low-cost exchange that has managed to attract big names such as Naspers, Standard Bank and Sanlam, is upping the ante to capture more trading activity in SA.
This comes at a time when SA’s main trading platform, the JSE, is already battling with declining trades as foreign investors sell off SA stocks. In the first six months of 2019, the JSE recorded an 11% decline in value of trades and more than R30bn in divestment by foreign investors. ..