INSIDE YOUR BUSINES – A2X Celebrates 6 years – But what’s behind their exponential success?
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GUEST – Kevin Brady - A2X CEO
Trading platform A2X Markets has shown significant growth over the past six years, with the number of instruments listed on its platform, the volume traded, and the value traded increasing. A2X was founded by Sean Melnick, Ashley Mendelowitz and Kevin Brady with the goal of creating a new South African exchange to compete with the existing Johannesburg Stock Exchange (JSE).
It aimed to create an exchange that was more efficient than the JSE with lower fees for investors to trade. A2X was awarded a licence to operate an exchange by the Financial Sector Conduct Authority (FSCA) on 6 April 2017. On 6 October 2017, A2X debuted with three listings – African Rainbow Capital, Peregrine Holdings and Coronation Fund Managers – with a combined market cap of R14 billion.
A2X has also managed to attract some of South Africa’s largest companies to its platform, including many JSE Top 40 constituents such as Standard Bank, Sanlam, Discovery, and Prosus. The platform has grown its trade value from R657 million in 2017 to just over R75 billion in the sixth year of operation.
Trading platform A2X Markets has shown significant growth over the past six years, with the number of instruments listed on its platform, the volume traded, and the value traded increasing. A2X was founded by Sean Melnick, Ashley Mendelowitz and Kevin Brady with the goal of creating a new South African exchange to compete with the existing Johannesburg Stock Exchange (JSE).
It aimed to create an exchange that was more efficient than the JSE with lower fees for investors to trade. A2X was awarded a licence to operate an exchange by the Financial Sector Conduct Authority (FSCA) on 6 April 2017. On 6 October 2017, A2X debuted with three listings – African Rainbow Capital, Peregrine Holdings and Coronation Fund Managers – with a combined market cap of R14 billion.
A2X has also managed to attract some of South Africa’s largest companies to its platform, including many JSE Top 40 constituents such as Standard Bank, Sanlam, Discovery, and Prosus. The platform has grown its trade value from R657 million in 2017 to just over R75 billion in the sixth year of operation.
