A2X Markets

Type	Stock exchange
Location	Sandton, Johannesburg, South Africa
Coordinates	26°06′48″S 28°03′17″E / 26.11321°S 28.05481°E / -26.11321; 28.05481
Founded	2014 (2014)
Key people	Ashley Mendelowitz Chairman Kevin Brady Chief Executive Officer Neal Lawrence Chief Technology Officer Otsile Matheba Chief Financial Officer Gary Clarke Head of Legal and Regulation
Currency	Rand
No. of listings	176
Market cap	R 10.9 trillion
Website	www.a2x.co.za

A2X Markets is a South African stock exchange. It was founded by Sean Melnick, Ashley Mendelowitz and Kevin Brady, individuals with experience in financial markets and technology. Their goal was to create a new South African exchange to bring healthy competition to the South African marketplace.^[1]

A2X is an MTF styled stock exchange that was awarded a licence to operate an exchange by the Financial Services Board, now Financial Sector Conduct Authority (FSCA) on 6 April 2017.^[2] On 6 October 2017, A2X debuted^[3] with 3 listings African Rainbow Capital, Peregrine Holdings and Coronation Fund Managers and a combined market cap of R14 billion.^[4]

Order and Trade Types Offered

A2X offers the following on-book order types:

• Day Orders
• Good Till Date [Within the current day only]
• IOC (Immediate or Cancel)
• FOK (Fill or Kill)
• Iceberg
• Post Only
• Post Only Cancel Replace
• MaC (Market at Close)
• AoD (Auction on Demand)

In addition to the above, A2X also offers the following off-book trade capture reports:

• LIS (Large In Scale)
• NBC (Negotiated Benchmark Cross)
• MP (Matched Principal)

References