Broker comments on A2X
Director of Peresec, Tshepo Maseko, says “Internationally, stock exchange competition leads to improved responsiveness and innovation as well as service-oriented capital markets environments. This is positive for brokers and has the potential to lift the market as a whole.”
Investec Equities Head, Tinus Rautenbach, expects A2X to benefit investors by providing more liquidity, ultimately making the cost of execution lower. “The engagement process with A2X has been seamless and the new exchange has been very responsive in our engagements with them,” he says.
Luke Middlewick, CEO of SBG Securities, says, “As a key player in SA’s capital market, it made sense for us to be at the forefront of this initiative bringing competition and the consequent well-established benefits to the South African financial market.”