A2X announces UBS as first international broker to trade
Licensed stock exchange A2X Markets, which provides a secondary listing venue for companies, has announced that UBS South Africa aims to start trading on its platform in the second quarter of this year.
UBS will thus become the first international broker authorised to trade on the platform.
UBS is expected to trade across A2X’s 175 listed companies and exchange-traded funds, spanning key sectors such as media, property, mining, banking, retail, fast-moving consumer goods, financial services, insurance, healthcare and telecommunications.
UBS joins an established network of brokers on A2X, including Peresec, RMB Morgan Stanley, Standard Bank, Absa Corporate and Investment Banking, Investec Markets, Nedgroup Securities, Prescient, Atisa, Sinayo, NOAH, Kela and Vunani. These brokers are responsible for over 65% of all trades in listed securities executed in South Africa.
“We are delighted to welcome UBS as the first international broker to trade on our market. Their sophisticated algorithm suite will connect to A2X, enabling them to leverage all available markets in South Africa while accessing our additional liquidity and functionality,” says A2X CEO Kevin Brady.
“In line with our commitment to providing clients with international best practices and innovative solutions, we have invested to connect and trade on A2X, thus enabling us to access broader liquidity for our clients while leveraging the innovative infrastructure available on A2X,” adds UBS South Africa country head Ed Popham-Holloway.
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