The functions of the A2X Post Trade Services – Cash Equities Market:

This team provides settlement assurance for trades executed on A2X. A2X performs the role of the Settlement Committee as required by the A2X Rules and Directives in ensuring that trades executed on A2X Equity trading are settled in accordance with the principles of T+3 rolling contractual settlement.
In providing this assurance, the team performs the following functions:
  • Monitoring settlement to ensure settlement takes place as per the A2X Rules and Directives.
  • Performing securities and money lending and borrowing as lender of last resort.
  • Rolling of settlements.
  • Fails trade management procedures
    • Retransaction
    • Compensation

Failed Trade Management Client Facing

A2X Settlement Obligations v1.00 Final

A2X Clearing & Settlement Timelines Final