A2X Markets, the licensed stock exchange and secondary listing venue, has announces that J.P. Morgan Equities South Africa (Pty) Ltd has commenced trading on its platform, further strengthening the market for South African securities.
J.P. Morgan has a long-standing presence in South Africa and remains focused on growing its business in the market. From Johannesburg and Cape Town, the firm serves clients through its Commercial & Investment Bank businesses.
With J.P. Morgan now trading on the platform, A2X’s members represent 85% of trades in listed securities executed in South Africa. J.P. Morgan joins an existing network of brokers on A2X, including Peresec Prime Brokers, RMB Morgan Stanley, and SBG Securities.
Ockie Raubenheimer, Executive Director and Head of South African Cash Equities Execution at J.P. Morgan, said: “By commencing trading on A2X, we are enhancing our offering to clients by expanding access to liquidity and supporting best-execution objectives in South Africa. J.P. Morgan continues to innovate and invest in execution technology to provide our clients with best-in-class access to markets around the world.”
Kevin Brady, CEO of A2X Markets, commented, “We are delighted to welcome J.P. Morgan to A2X. J.P. Morgan is a global leader in financial services, and their participation adds further depth to the liquidity available on our platform. A2X offers brokers and their clients meaningful cost savings and improved execution quality, and we’re pleased J.P. Morgan will now be able to access that value directly.”
A2X is a licensed stock exchange providing a secondary and inward listing venue for listed companies and exchange traded products, with 167 securities, including 30 of the top 40 companies in South Africa. A2X is regulated by the Financial Sector Conduct Authority and the Prudential Authority (SARB) under the Financial Markets Act. A2X has been operational since October 2017.
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