A2X to seek primary listings licence in next two years
The alternate exchange says it wants to compete in both the primary and secondary listings market
A2X Markets, the alternate exchange that counts African Rainbow Capital and Absa among its shareholders, plans to seek a primary listings licence within the next two years, which will give it time to set up the necessary infrastructure to accommodate such a move.
The Joburg-based alternate exchange, which began trading in October 2017, currently only has an exchange licence for secondary listings of companies and exchange-traded products (ETPs). A2X, which celebrates its fourth birthday in October, says it has provided savings of R400m to the industry in the past 12 months through lower exchange fees and narrower bid-offer spreads on trades...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.