Nedgroup Securities (Nedgroup) will now be able to transact across markets for the 174 companies and exchange traded funds listed on A2X across all key sectors, including media, property, mining, banking, retail, FMCG, financial services, insurance, healthcare and telecommunications.
Kevin Brady, CEO of A2X Markets, said, “We are delighted to be welcoming Nedgroup as the latest broker authorised to trade on our market. The A2X team has been working closely with the team at Nedgroup and we are pleased that they will now be able to trade across markets and offer their clients best execution when they transact.”
Brady added, “It will also give them access to our innovative trade types, such as Auction on Demand and Market at Close, and Nedbank and their clients will benefit from our lower fee structure.”
Nedgroup joins Peresec, RMB Morgan Stanley, Standard Bank, Absa CIB, Investec Securities, Anchor, NOAH, Prescient, Sinyao and Vunani as brokers connected and trading on A2X, making up over 60% of all trades in listed securities executed in South Africa.
A2X is a licensed stock exchange that provides a secondary listing venue for companies. It is regulated by the Financial Sector Conduct Authority and the Prudential Authority (SARB) in terms of the Financial Markets Act. A2X began trading in October 2017.
