The alternate exchange says its growth positions it as a formidable rival to the JSE.
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 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”.
Why foreign investors dumped MultiChoice, Mr Price, and TFG “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.
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