A2X says it is enabling savings of R500m a year to the investment market

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 63%

Business News News

The alternative exchange says the savings are due to lower trading fees and its ability to narrow the bid-offer spreads of the prices of listed securities

A2X, the alternative exchange currently licensed to allow secondary listings, says it is saving the investment market about R500m a year thanks to lower trading fees and its ability to narrow the bid-offer spreads of the prices of listed securities.

By allowing transacting brokers to arrive at a more efficient pricing level when buying and selling shares, A2X says it plans to boost the potential savings for the market to R1.5bn as more public companies opt for a secondary listing on its platform...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines