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.
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