{"id":170,"date":"2023-11-14T10:01:09","date_gmt":"2023-11-14T10:01:09","guid":{"rendered":"https:\/\/webdev2.a2x.co.za\/?page_id=170"},"modified":"2025-03-27T13:27:40","modified_gmt":"2025-03-27T11:27:40","slug":"trade","status":"publish","type":"page","link":"https:\/\/www.a2x.co.za\/?page_id=170","title":{"rendered":"Post Trade"},"content":{"rendered":"\n\t<section class=\"section\" id=\"section_1247755216\">\n\t\t<div class=\"section-bg fill\" >\n\t\t\t\t\t\t\t<div class=\"video-overlay no-click fill visible\"><\/div>\n\t<video class=\"video-bg fill visible\" preload playsinline autoplay muted loop>\n\t\t<source src=\"\/wp-content\/uploads\/2023\/11\/video-2.mp4\" type=\"video\/mp4\">\t<\/video>\n\t\t\t<div class=\"section-bg-overlay absolute fill\"><\/div>\n\t\t\t\n\n\t\t<\/div>\n\n\t\t\n\n\t\t<div class=\"section-content relative\">\n\t\t\t\n<div class=\"slider-wrapper relative\" id=\"slider-381888466\" >\n    <div class=\"slider slider-nav-dots-dashes-spaced slider-nav-circle slider-nav-large slider-nav-light slider-style-normal slider-show-nav\"\n        data-flickity-options='{\n            \"cellAlign\": \"center\",\n            \"imagesLoaded\": true,\n            \"lazyLoad\": 1,\n            \"freeScroll\": false,\n            \"wrapAround\": true,\n            \"autoPlay\": 4000,\n            \"pauseAutoPlayOnHover\" : false,\n            \"prevNextButtons\": true,\n            \"contain\" : true,\n            \"adaptiveHeight\" : true,\n            \"dragThreshold\" : 10,\n            \"percentPosition\": true,\n            \"pageDots\": true,\n            \"rightToLeft\": false,\n            \"draggable\": true,\n            \"selectedAttraction\": 0.1,\n            \"parallax\" : 0,\n            \"friction\": 0.6        }'\n        >\n        \n\n  <div class=\"banner has-hover has-slide-effect slide-zoom-in\" id=\"banner-1881577580\">\n          <div class=\"banner-inner fill\">\n        <div class=\"banner-bg fill\" >\n            <img loading=\"lazy\" decoding=\"async\" width=\"7268\" height=\"3459\" src=\"https:\/\/www.a2x.co.za\/wp-content\/uploads\/2023\/12\/A2X-Website-Elements-Post-Trade-01.png\" class=\"bg attachment-original size-original\" alt=\"\" \/>                        <div class=\"overlay\"><\/div>            \n                    <\/div>\n\t\t\n        <div class=\"banner-layers container\">\n            <div class=\"fill banner-link\"><\/div>            \n   <div id=\"text-box-1937607729\" class=\"text-box banner-layer x100 md-x0 lg-x0 y50 md-y80 lg-y80 res-text\">\n                     <div data-animate=\"flipInY\">           <div class=\"text-box-content text dark text-shadow-2\">\n              \n              <div class=\"text-inner text-left\">\n                  \n<div class=\"is-divider divider clearfix\" style=\"max-width:80px;height:6px;background-color:rgb(70, 249, 143);\"><\/div>\n<h3 class=\"uppercase\"><span style=\"font-size: 170%;\"><strong>POST Trade<\/strong><\/span><\/h3>\n<h4>A2X&#8217;s Post Trade system allows our brokers to undertake agency trades on behalf of their clients and easily manage the deal allocation and settlement process.<\/h4>\n<a href=\"https:\/\/webdev2.a2x.co.za\/?page_id=172\" class=\"button primary is-gloss is-large lowercase reveal-icon\" style=\"border-radius:10px;\">\n\t\t<span>Lets Connect<\/span>\n\t<i class=\"icon-angle-right\" aria-hidden=\"true\"><\/i><\/a>\n\n              <\/div>\n           <\/div>\n       <\/div>                     \n<style>\n#text-box-1937607729 .text-box-content {\n  background-color: rgba(255, 255, 255, 0);\n  font-size: 100%;\n}\n#text-box-1937607729 .text-inner {\n  padding: 30px 30px 30px 30px;\n}\n#text-box-1937607729 {\n  width: 90%;\n}\n@media (min-width:550px) {\n  #text-box-1937607729 {\n    width: 64%;\n  }\n}\n<\/style>\n    <\/div>\n \n        <\/div>\n      <\/div>\n\n            \n<style>\n#banner-1881577580 {\n  padding-top: 700px;\n  background-color: rgba(154, 135, 135, 0);\n}\n#banner-1881577580 .overlay {\n  background-color: rgba(12, 0, 0, 0);\n}\n<\/style>\n  <\/div>\n\n\n\n  <div class=\"banner has-hover has-slide-effect slide-zoom-out-fast\" id=\"banner-2446846\">\n          <div class=\"banner-inner fill\">\n        <div class=\"banner-bg fill\" >\n            <img loading=\"lazy\" decoding=\"async\" width=\"2560\" height=\"1440\" src=\"https:\/\/www.a2x.co.za\/wp-content\/uploads\/2023\/11\/Asset-1Wallpaper2-1-scaled.jpg\" class=\"bg attachment-original size-original\" alt=\"\" \/>                        <div class=\"overlay\"><\/div>            \n                    <\/div>\n\t\t\n        <div class=\"banner-layers container\">\n            <div class=\"fill banner-link\"><\/div>            \n   <div id=\"text-box-876446648\" class=\"text-box banner-layer x50 md-x50 lg-x50 y50 md-y50 lg-y50 res-text\">\n                                <div class=\"text-box-content text dark\">\n              \n              <div class=\"text-inner text-center\">\n                  \n              <\/div>\n           <\/div>\n                            \n<style>\n#text-box-876446648 {\n  width: 60%;\n}\n#text-box-876446648 .text-box-content {\n  font-size: 100%;\n}\n@media (min-width:550px) {\n  #text-box-876446648 {\n    width: 60%;\n  }\n}\n<\/style>\n    <\/div>\n \n        <\/div>\n      <\/div>\n\n            \n<style>\n#banner-2446846 {\n  padding-top: 700px;\n  background-color: rgba(154, 135, 135, 0);\n}\n#banner-2446846 .overlay {\n  background-color: rgba(0, 0, 0, 0.366);\n}\n#banner-2446846 .banner-bg img {\n  object-position: 63% 49%;\n}\n<\/style>\n  <\/div>\n\n\n     <\/div>\n\n     <div class=\"loading-spin dark large centered\"><\/div>\n\n\t<\/div>\n\n\n<span class=\"scroll-to\" data-label=\"Scroll to: #clearing\" data-bullet=\"true\" data-link=\"#clearing\" data-title=\"clearing\"><a name=\"clearing\"><\/a><\/span>\n\t\t<\/div>\n\n\t\t\n<style>\n#section_1247755216 {\n  padding-top: 0px;\n  padding-bottom: 0px;\n}\n#section_1247755216 .section-bg-overlay {\n  background-color: rgba(45, 37, 125, 0);\n}\n<\/style>\n\t<\/section>\n\t\n\n\t<section class=\"section has-parallax\" id=\"section_20776285\">\n\t\t<div class=\"section-bg fill\" data-parallax-container=\".section\" data-parallax-background data-parallax=\"-3\">\n\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/www.a2x.co.za\/wp-content\/uploads\/2024\/03\/Arrow-on-trans-2.png\" class=\"bg attachment-original size-original\" alt=\"\" \/>\t\t\t\t\t\t\n\t\t\t\n\n\t\t<\/div>\n\n\t\t\n\n\t\t<div class=\"section-content relative\">\n\t\t\t\n<div class=\"row align-bottom\"  id=\"row-445774076\">\n\n\t<div id=\"col-733364482\" class=\"col medium-5 small-12 large-5\"  data-animate=\"fadeInRight\">\n\t\t\t\t<div class=\"col-inner text-center\"  >\n\t\t\t\n\t\t\t\n\t<div class=\"img has-hover x md-x lg-x y md-y lg-y\" id=\"image_156938847\">\n\t\t\t\t\t\t<div data-animate=\"fadeInLeft\">\t\t<div class=\"img-inner image-zoom dark\" >\n\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"2500\" height=\"2500\" src=\"https:\/\/www.a2x.co.za\/wp-content\/uploads\/2024\/03\/A2X-Images-and-Icons-2024-06.png\" class=\"attachment-original size-original\" alt=\"\" srcset=\"https:\/\/www.a2x.co.za\/wp-content\/uploads\/2024\/03\/A2X-Images-and-Icons-2024-06.png 2500w, https:\/\/www.a2x.co.za\/wp-content\/uploads\/2024\/03\/A2X-Images-and-Icons-2024-06-300x300.png 300w, https:\/\/www.a2x.co.za\/wp-content\/uploads\/2024\/03\/A2X-Images-and-Icons-2024-06-1024x1024.png 1024w, https:\/\/www.a2x.co.za\/wp-content\/uploads\/2024\/03\/A2X-Images-and-Icons-2024-06-150x150.png 150w, https:\/\/www.a2x.co.za\/wp-content\/uploads\/2024\/03\/A2X-Images-and-Icons-2024-06-768x768.png 768w, https:\/\/www.a2x.co.za\/wp-content\/uploads\/2024\/03\/A2X-Images-and-Icons-2024-06-1536x1536.png 1536w, https:\/\/www.a2x.co.za\/wp-content\/uploads\/2024\/03\/A2X-Images-and-Icons-2024-06-2048x2048.png 2048w, https:\/\/www.a2x.co.za\/wp-content\/uploads\/2024\/03\/A2X-Images-and-Icons-2024-06-320x320.png 320w, https:\/\/www.a2x.co.za\/wp-content\/uploads\/2024\/03\/A2X-Images-and-Icons-2024-06-480x480.png 480w, https:\/\/www.a2x.co.za\/wp-content\/uploads\/2024\/03\/A2X-Images-and-Icons-2024-06-800x800.png 800w\" sizes=\"auto, (max-width: 2500px) 100vw, 2500px\" \/>\t\t\t\t\t\t\n\t\t\t\t\t<\/div>\n\t\t<\/div>\t\t\t\t\t\t\n<style>\n#image_156938847 {\n  width: 100%;\n}\n<\/style>\n\t<\/div>\n\t\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n\t<div id=\"col-879860167\" class=\"col medium-7 small-12 large-7\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n<div class=\"is-divider divider clearfix\" style=\"max-width:80px;height:6px;background-color:rgb(70, 249, 143);\"><\/div>\n\t<div id=\"text-3535507864\" class=\"text\">\n\t\t\n<h2><span style=\"font-size: 39.168px;\"><b>Clearing<\/b><\/span><\/h2>\n<h2><span style=\"font-size: 39.168px;\">and Settlement<\/span><\/h2>\n\t\t\n<style>\n#text-3535507864 {\n  color: #2d257d;\n}\n#text-3535507864 > * {\n  color: #2d257d;\n}\n<\/style>\n\t<\/div>\n\t\n<p><strong>Cash Equities Market<\/strong><\/p>\n<p>A2X Markets provides for settlement assurance of all trades executed on the central order book of the A2X trading system.<\/p>\n<p>A2X performs the role of the Settlement Committee in ensuring that trades executed on the A2X equity trading system are settled in accordance with the principles of \u201cT+3 rolling contractual settlement\u201d.<\/p>\n<p>In providing this assurance, the team performs the following functions:<\/p>\n<ul>\n<li>Monitoring settlement to ensure that settlement takes place on T+3.<\/li>\n<li>Capital Exposure Requirements.<\/li>\n<li>Performing securities or money lending and borrowing as lender of last resort.<\/li>\n<li>Rolling of settlements.<\/li>\n<li>Failed trade management procedures:\n<ul>\n<li>Retransaction<\/li>\n<li>Compensation<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<a href=\"\/wp-content\/uploads\/2024\/06\/A2X-Trading-Process-2024.pdf\" target=\"_blank\" class=\"button secondary is-large reveal-icon\" rel=\"noopener\" style=\"border-radius:99px;\">\n\t\t<span>Trading Process<\/span>\n\t<i class=\"icon-angle-right\" aria-hidden=\"true\"><\/i><\/a>\n\n<a href=\"\/wp-content\/uploads\/2024\/06\/A2X-Clearing-Process-2024.pdf\" target=\"_blank\" class=\"button secondary is-large reveal-icon\" rel=\"noopener\" style=\"border-radius:99px;\">\n\t\t<span>Clearing Process<\/span>\n\t<i class=\"icon-angle-right\" aria-hidden=\"true\"><\/i><\/a>\n\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n<\/div>\n\t\t<\/div>\n\n\t\t\n<style>\n#section_20776285 {\n  padding-top: 30px;\n  padding-bottom: 30px;\n}\n<\/style>\n\t<\/section>\n\t\n\n\t<section class=\"section\" id=\"section_24488812\">\n\t\t<div class=\"section-bg fill\" >\n\t\t\t\t\t\t\t\t\t\n\t\t\t\n\n\t\t<\/div>\n\n\t\t\n\n\t\t<div class=\"section-content relative\">\n\t\t\t\n<div class=\"row align-middle\"  id=\"row-2055238011\">\n\n\t<div id=\"col-1439147308\" class=\"col medium-7 small-12 large-7\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n<div class=\"is-divider divider clearfix\" style=\"max-width:80px;height:6px;background-color:rgb(70, 249, 143);\"><\/div>\n\t<div id=\"text-2389516760\" class=\"text\">\n\t\t\n<h2><span style=\"font-size: 39.168px;\"><b>Central<\/b><\/span><\/h2>\n<h2><span style=\"font-size: 39.168px;\">Order Book Trades<\/span><\/h2>\n\t\t\n<style>\n#text-2389516760 {\n  color: #2d257d;\n}\n#text-2389516760 > * {\n  color: #2d257d;\n}\n<\/style>\n\t<\/div>\n\t\n<p>Trades are booked and matched via the Trading Engine<\/p>\n<ul>\n<li>\u00a0Trades are anonymous<\/li>\n<li>\u00a0Settlement is guaranteed<\/li>\n<li>\u00a0Capital Exposure Requirements apply as settlement is guaranteed<\/li>\n<\/ul>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n\t<div id=\"col-1102378325\" class=\"col medium-5 small-12 large-5\"  data-animate=\"fadeInRight\">\n\t\t\t\t<div class=\"col-inner text-center\"  >\n\t\t\t\n\t\t\t\n\t<div class=\"img has-hover x md-x lg-x y md-y lg-y\" id=\"image_43487320\">\n\t\t\t\t\t\t\t\t<div class=\"img-inner dark\" >\n\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"550\" height=\"613\" src=\"https:\/\/www.a2x.co.za\/wp-content\/uploads\/2024\/06\/A2X-Post-Trade-Icons-11.png\" class=\"attachment-original size-original\" alt=\"\" srcset=\"https:\/\/www.a2x.co.za\/wp-content\/uploads\/2024\/06\/A2X-Post-Trade-Icons-11.png 550w, https:\/\/www.a2x.co.za\/wp-content\/uploads\/2024\/06\/A2X-Post-Trade-Icons-11-269x300.png 269w, https:\/\/www.a2x.co.za\/wp-content\/uploads\/2024\/06\/A2X-Post-Trade-Icons-11-320x357.png 320w, https:\/\/www.a2x.co.za\/wp-content\/uploads\/2024\/06\/A2X-Post-Trade-Icons-11-480x535.png 480w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/>\t\t\t\t\t\t\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\n<style>\n#image_43487320 {\n  width: 38%;\n}\n<\/style>\n\t<\/div>\n\t\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n<\/div>\n\t\t<\/div>\n\n\t\t\n<style>\n#section_24488812 {\n  padding-top: 30px;\n  padding-bottom: 30px;\n}\n<\/style>\n\t<\/section>\n\t\n\n\t<section class=\"section\" id=\"section_2063976622\">\n\t\t<div class=\"section-bg fill\" >\n\t\t\t\t\t\t\t\t\t\n\t\t\t\n\n\t\t<\/div>\n\n\t\t\n\n\t\t<div class=\"section-content relative\">\n\t\t\t\n<div class=\"row align-middle\"  id=\"row-1203984209\">\n\n\t<div id=\"col-1530506676\" class=\"col medium-5 small-12 large-5\"  data-animate=\"fadeInRight\">\n\t\t\t\t<div class=\"col-inner text-center\"  >\n\t\t\t\n\t\t\t\n\t<div class=\"img has-hover x md-x lg-x y md-y lg-y\" id=\"image_613343715\">\n\t\t\t\t\t\t\t\t<div class=\"img-inner dark\" >\n\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"550\" height=\"613\" src=\"https:\/\/www.a2x.co.za\/wp-content\/uploads\/2024\/06\/A2X-Post-Trade-Icons-10.png\" class=\"attachment-original size-original\" alt=\"\" srcset=\"https:\/\/www.a2x.co.za\/wp-content\/uploads\/2024\/06\/A2X-Post-Trade-Icons-10.png 550w, https:\/\/www.a2x.co.za\/wp-content\/uploads\/2024\/06\/A2X-Post-Trade-Icons-10-269x300.png 269w, https:\/\/www.a2x.co.za\/wp-content\/uploads\/2024\/06\/A2X-Post-Trade-Icons-10-320x357.png 320w, https:\/\/www.a2x.co.za\/wp-content\/uploads\/2024\/06\/A2X-Post-Trade-Icons-10-480x535.png 480w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/>\t\t\t\t\t\t\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\n<style>\n#image_613343715 {\n  width: 38%;\n}\n<\/style>\n\t<\/div>\n\t\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n\t<div id=\"col-1326437138\" class=\"col medium-7 small-12 large-7\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n<div class=\"is-divider divider clearfix\" style=\"max-width:80px;height:6px;background-color:rgb(70, 249, 143);\"><\/div>\n\t<div id=\"text-1576511830\" class=\"text\">\n\t\t\n<h2><span style=\"font-size: 39.168px;\"><b>Report<\/b><\/span><\/h2>\n<h2><span style=\"font-size: 39.168px;\">Only Trades<\/span><\/h2>\n\t\t\n<style>\n#text-1576511830 {\n  color: #2d257d;\n}\n#text-1576511830 > * {\n  color: #2d257d;\n}\n<\/style>\n\t<\/div>\n\t\n<p>Benchmark Cross and Large in Scale are not \u201csettlement assured\u201d by A2X<\/p>\n<p>\u00a0Separate settlement groups created on Strate but can be linked (BtB and DPL)<\/p>\n<ul>\n<li class=\"bullet-checkmark\">Across groups<\/li>\n<li class=\"bullet-checkmark\">Across JSE groups<\/li>\n<\/ul>\n<p>\u00a0 Capital Exposure Requirements<\/p>\n<ul>\n<li class=\"bullet-checkmark\">No Capital Exposure Requirements (not settlement assured)<\/li>\n<li class=\"bullet-checkmark\">No offset with order books<\/li>\n<\/ul>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n<\/div>\n\t\t<\/div>\n\n\t\t\n<style>\n#section_2063976622 {\n  padding-top: 30px;\n  padding-bottom: 30px;\n}\n<\/style>\n\t<\/section>\n\t\n\n\t<section class=\"section\" id=\"section_1931809086\">\n\t\t<div class=\"section-bg fill\" >\n\t\t\t\t\t\t\t\t\t\n\t\t\t\n\n\t\t<\/div>\n\n\t\t\n\n\t\t<div class=\"section-content relative\">\n\t\t\t\n<div class=\"row align-middle\"  id=\"row-516112556\">\n\n\t<div id=\"col-1203051681\" class=\"col medium-7 small-12 large-7\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n<div class=\"is-divider divider clearfix\" style=\"max-width:80px;height:6px;background-color:rgb(70, 249, 143);\"><\/div>\n\t<div id=\"text-1432187513\" class=\"text\">\n\t\t\n<h2><span style=\"font-size: 39.168px;\"><b>Capital<\/b><\/span><\/h2>\n<h2><span style=\"font-size: 39.168px;\">Exposure Requirements<\/span><\/h2>\n\t\t\n<style>\n#text-1432187513 {\n  color: #2d257d;\n}\n#text-1432187513 > * {\n  color: #2d257d;\n}\n<\/style>\n\t<\/div>\n\t\n<p>A2X does not calculate CAPAD and Margin as per the normal market convention<\/p>\n<p>Capital Exposure Requirement looks at the brokers exposure across the settlement cycle.<\/p>\n<ul>\n<li class=\"bullet-arrow\">Principal exposure \u2013 net per instrument per settlement date<\/li>\n<li class=\"bullet-arrow\">Agency transactions not committed to<\/li>\n<li class=\"bullet-arrow\">Failed Trades (Rolling\/retransaction\/compensation)<\/li>\n<\/ul>\n<p>Securities Lending &amp; Borrowing to managed separately<\/p>\n<p>Post collateral against the exposure<\/p>\n<ul>\n<li class=\"bullet-arrow\">Cash (can leave a cash deposit)<\/li>\n<li class=\"bullet-arrow\">Securities<\/li>\n<li class=\"bullet-arrow\">Bank Guarantee<\/li>\n<\/ul>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n\t<div id=\"col-79406066\" class=\"col medium-5 small-12 large-5\"  data-animate=\"fadeInRight\">\n\t\t\t\t<div class=\"col-inner text-center\"  >\n\t\t\t\n\t\t\t\n\t<div class=\"img has-hover x md-x lg-x y md-y lg-y\" id=\"image_1108307170\">\n\t\t\t\t\t\t\t\t<div class=\"img-inner dark\" >\n\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"550\" height=\"613\" src=\"https:\/\/www.a2x.co.za\/wp-content\/uploads\/2024\/06\/A2X-Post-Trade-Icons-09.png\" class=\"attachment-original size-original\" alt=\"\" srcset=\"https:\/\/www.a2x.co.za\/wp-content\/uploads\/2024\/06\/A2X-Post-Trade-Icons-09.png 550w, https:\/\/www.a2x.co.za\/wp-content\/uploads\/2024\/06\/A2X-Post-Trade-Icons-09-269x300.png 269w, https:\/\/www.a2x.co.za\/wp-content\/uploads\/2024\/06\/A2X-Post-Trade-Icons-09-320x357.png 320w, https:\/\/www.a2x.co.za\/wp-content\/uploads\/2024\/06\/A2X-Post-Trade-Icons-09-480x535.png 480w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/>\t\t\t\t\t\t\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\n<style>\n#image_1108307170 {\n  width: 38%;\n}\n<\/style>\n\t<\/div>\n\t\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n<\/div>\n\t\t<\/div>\n\n\t\t\n<style>\n#section_1931809086 {\n  padding-top: 30px;\n  padding-bottom: 30px;\n}\n<\/style>\n\t<\/section>\n\t\n\n\t<section class=\"section\" id=\"section_1393996614\">\n\t\t<div class=\"section-bg fill\" >\n\t\t\t\t\t\t\t\t\t\n\t\t\t\n\n\t\t<\/div>\n\n\t\t\n\n\t\t<div class=\"section-content relative\">\n\t\t\t\n<div class=\"row\"  id=\"row-1797908685\">\n\n\t<div id=\"col-1823440819\" class=\"col small-12 large-12\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n<div class=\"is-divider divider clearfix\" style=\"max-width:40px;height:6px;background-color:rgb(70, 249, 143);\"><\/div>\n\t<div id=\"text-4044849232\" class=\"text\">\n\t\t\n<h2>In providing this <strong>assurance<\/strong>, the team<br \/>performs the following functions<\/h2>\n\t\t\n<style>\n#text-4044849232 {\n  color: #2d257d;\n}\n#text-4044849232 > * {\n  color: #2d257d;\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"gap-1733043519\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-1733043519 {\n  padding-top: 50px;\n}\n<\/style>\n\t<\/div>\n\t\n<div class=\"row align-center\"  id=\"row-1252418426\">\n\n\t<div id=\"col-1594605822\" class=\"col medium-3 small-6 large-3\"  >\n\t\t\t\t<div class=\"col-inner text-center\"  >\n\t\t\t\n\t\t\t\n\n\t\t<div class=\"icon-box featured-box icon-box-top text-left\"  >\n\t\t\t\t\t<div class=\"icon-box-img\" style=\"width: 70px\">\n\t\t\t\t<div class=\"icon\">\n\t\t\t\t\t<div class=\"icon-inner\" >\n\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/www.a2x.co.za\/wp-content\/uploads\/2024\/03\/A2X-Images-and-Icons-2024-20-1-300x300.png\" class=\"attachment-medium size-medium\" alt=\"\" srcset=\"https:\/\/www.a2x.co.za\/wp-content\/uploads\/2024\/03\/A2X-Images-and-Icons-2024-20-1-300x300.png 300w, https:\/\/www.a2x.co.za\/wp-content\/uploads\/2024\/03\/A2X-Images-and-Icons-2024-20-1-150x150.png 150w, https:\/\/www.a2x.co.za\/wp-content\/uploads\/2024\/03\/A2X-Images-and-Icons-2024-20-1-320x320.png 320w, https:\/\/www.a2x.co.za\/wp-content\/uploads\/2024\/03\/A2X-Images-and-Icons-2024-20-1-480x480.png 480w, https:\/\/www.a2x.co.za\/wp-content\/uploads\/2024\/03\/A2X-Images-and-Icons-2024-20-1.png 500w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t<div class=\"icon-box-text last-reset\">\n\t\t\t\t\t\t\t\t\t\n\t<div id=\"text-3163242445\" class=\"text\">\n\t\t\n<p style=\"text-align: center;\">Monitoring settlement<br \/>to ensure that<br \/>settlement takes place<br \/>on T+3.<\/p>\n\t\t\n<style>\n#text-3163242445 {\n  color: rgb(0,0,0);\n}\n#text-3163242445 > * {\n  color: rgb(0,0,0);\n}\n<\/style>\n\t<\/div>\n\t\n\t\t<\/div>\n\t<\/div>\n\t\n\t\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n\t<div id=\"col-69639150\" class=\"col medium-3 small-6 large-3\"  >\n\t\t\t\t<div class=\"col-inner text-center\"  >\n\t\t\t\n\t\t\t\n\n\t\t<div class=\"icon-box featured-box icon-box-top text-left\"  >\n\t\t\t\t\t<div class=\"icon-box-img\" style=\"width: 70px\">\n\t\t\t\t<div class=\"icon\">\n\t\t\t\t\t<div class=\"icon-inner\" >\n\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/www.a2x.co.za\/wp-content\/uploads\/2024\/03\/A2X-Images-and-Icons-2024-21-1-300x300.png\" class=\"attachment-medium size-medium\" alt=\"\" srcset=\"https:\/\/www.a2x.co.za\/wp-content\/uploads\/2024\/03\/A2X-Images-and-Icons-2024-21-1-300x300.png 300w, https:\/\/www.a2x.co.za\/wp-content\/uploads\/2024\/03\/A2X-Images-and-Icons-2024-21-1-150x150.png 150w, https:\/\/www.a2x.co.za\/wp-content\/uploads\/2024\/03\/A2X-Images-and-Icons-2024-21-1-320x320.png 320w, https:\/\/www.a2x.co.za\/wp-content\/uploads\/2024\/03\/A2X-Images-and-Icons-2024-21-1-480x480.png 480w, https:\/\/www.a2x.co.za\/wp-content\/uploads\/2024\/03\/A2X-Images-and-Icons-2024-21-1.png 500w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t<div class=\"icon-box-text last-reset\">\n\t\t\t\t\t\t\t\t\t\n\t<div id=\"text-2530972892\" class=\"text\">\n\t\t\n<p style=\"text-align: center;\">Performing securities or<br \/>\nmoney lending and<br \/>\nborrowing as lender of<br \/>\nlast resort.<\/p>\n\t\t\n<style>\n#text-2530972892 {\n  color: rgb(0,0,0);\n}\n#text-2530972892 > * {\n  color: rgb(0,0,0);\n}\n<\/style>\n\t<\/div>\n\t\n\t\t<\/div>\n\t<\/div>\n\t\n\t\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n\t<div id=\"col-189754561\" class=\"col medium-3 small-6 large-3\"  >\n\t\t\t\t<div class=\"col-inner text-center\"  >\n\t\t\t\n\t\t\t\n\n\t\t<div class=\"icon-box featured-box icon-box-top text-left\"  >\n\t\t\t\t\t<div class=\"icon-box-img\" style=\"width: 70px\">\n\t\t\t\t<div class=\"icon\">\n\t\t\t\t\t<div class=\"icon-inner\" >\n\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/www.a2x.co.za\/wp-content\/uploads\/2024\/03\/A2X-Images-and-Icons-2024-22-1-300x300.png\" class=\"attachment-medium size-medium\" alt=\"\" srcset=\"https:\/\/www.a2x.co.za\/wp-content\/uploads\/2024\/03\/A2X-Images-and-Icons-2024-22-1-300x300.png 300w, https:\/\/www.a2x.co.za\/wp-content\/uploads\/2024\/03\/A2X-Images-and-Icons-2024-22-1-150x150.png 150w, https:\/\/www.a2x.co.za\/wp-content\/uploads\/2024\/03\/A2X-Images-and-Icons-2024-22-1-320x320.png 320w, https:\/\/www.a2x.co.za\/wp-content\/uploads\/2024\/03\/A2X-Images-and-Icons-2024-22-1-480x480.png 480w, https:\/\/www.a2x.co.za\/wp-content\/uploads\/2024\/03\/A2X-Images-and-Icons-2024-22-1.png 500w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t<div class=\"icon-box-text last-reset\">\n\t\t\t\t\t\t\t\t\t\n\t<div id=\"text-3915608755\" class=\"text\">\n\t\t\n<p style=\"text-align: center;\">Rolling of<br \/>\nsettlements.<br \/\n<\/p>\n\t\t\n<style>\n#text-3915608755 {\n  color: rgb(0,0,0);\n}\n#text-3915608755 > * {\n  color: rgb(0,0,0);\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"gap-1284779974\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-1284779974 {\n  padding-top: 45px;\n}\n<\/style>\n\t<\/div>\n\t\n\t\t<\/div>\n\t<\/div>\n\t\n\t\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n\t<div id=\"col-1517199975\" class=\"col medium-3 small-6 large-3\"  >\n\t\t\t\t<div class=\"col-inner text-center\"  >\n\t\t\t\n\t\t\t\n\n\t\t<div class=\"icon-box featured-box icon-box-top text-left\"  >\n\t\t\t\t\t<div class=\"icon-box-img\" style=\"width: 70px\">\n\t\t\t\t<div class=\"icon\">\n\t\t\t\t\t<div class=\"icon-inner\" >\n\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/www.a2x.co.za\/wp-content\/uploads\/2024\/03\/A2X-Images-and-Icons-2024-23-1-300x300.png\" class=\"attachment-medium size-medium\" alt=\"\" srcset=\"https:\/\/www.a2x.co.za\/wp-content\/uploads\/2024\/03\/A2X-Images-and-Icons-2024-23-1-300x300.png 300w, https:\/\/www.a2x.co.za\/wp-content\/uploads\/2024\/03\/A2X-Images-and-Icons-2024-23-1-150x150.png 150w, https:\/\/www.a2x.co.za\/wp-content\/uploads\/2024\/03\/A2X-Images-and-Icons-2024-23-1-320x320.png 320w, https:\/\/www.a2x.co.za\/wp-content\/uploads\/2024\/03\/A2X-Images-and-Icons-2024-23-1-480x480.png 480w, https:\/\/www.a2x.co.za\/wp-content\/uploads\/2024\/03\/A2X-Images-and-Icons-2024-23-1.png 500w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t<div class=\"icon-box-text last-reset\">\n\t\t\t\t\t\t\t\t\t\n\t<div id=\"text-2720928012\" class=\"text\">\n\t\t\n<p style=\"text-align: center;\">Failed trade<br \/>\nmanagement<br \/>\nprocedures.<\/p>\n\t\t\n<style>\n#text-2720928012 {\n  color: rgb(0,0,0);\n}\n#text-2720928012 > * {\n  color: rgb(0,0,0);\n}\n<\/style>\n\t<\/div>\n\t\n\t\t<\/div>\n\t<\/div>\n\t\n\t\n\t<div id=\"gap-1952832466\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-1952832466 {\n  padding-top: 15px;\n}\n<\/style>\n\t<\/div>\n\t\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n\t<div id=\"col-744356107\" class=\"col medium-3 small-6 large-3\"  >\n\t\t\t\t<div class=\"col-inner text-center\"  >\n\t\t\t\n\t\t\t\n\n\t\t<div class=\"icon-box featured-box icon-box-top text-left\"  >\n\t\t\t\t\t<div class=\"icon-box-img\" style=\"width: 70px\">\n\t\t\t\t<div class=\"icon\">\n\t\t\t\t\t<div class=\"icon-inner\" >\n\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/www.a2x.co.za\/wp-content\/uploads\/2024\/03\/A2X-Images-and-Icons-2024-24-1-300x300.png\" class=\"attachment-medium size-medium\" alt=\"\" srcset=\"https:\/\/www.a2x.co.za\/wp-content\/uploads\/2024\/03\/A2X-Images-and-Icons-2024-24-1-300x300.png 300w, https:\/\/www.a2x.co.za\/wp-content\/uploads\/2024\/03\/A2X-Images-and-Icons-2024-24-1-150x150.png 150w, https:\/\/www.a2x.co.za\/wp-content\/uploads\/2024\/03\/A2X-Images-and-Icons-2024-24-1-320x320.png 320w, https:\/\/www.a2x.co.za\/wp-content\/uploads\/2024\/03\/A2X-Images-and-Icons-2024-24-1-480x480.png 480w, https:\/\/www.a2x.co.za\/wp-content\/uploads\/2024\/03\/A2X-Images-and-Icons-2024-24-1.png 500w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t<div class=\"icon-box-text last-reset\">\n\t\t\t\t\t\t\t\t\t\n\t<div id=\"text-742929269\" class=\"text\">\n\t\t\n<p style=\"text-align: center;\">Retransaction<br .<\/p>\n\t\t\n<style>\n#text-742929269 {\n  color: rgb(0,0,0);\n}\n#text-742929269 > * {\n  color: rgb(0,0,0);\n}\n<\/style>\n\t<\/div>\n\t\n\t\t<\/div>\n\t<\/div>\n\t\n\t\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n\t<div id=\"col-1328947722\" class=\"col medium-3 small-6 large-3\"  >\n\t\t\t\t<div class=\"col-inner text-center\"  >\n\t\t\t\n\t\t\t\n\n\t\t<div class=\"icon-box featured-box icon-box-top text-left\"  >\n\t\t\t\t\t<div class=\"icon-box-img\" style=\"width: 70px\">\n\t\t\t\t<div class=\"icon\">\n\t\t\t\t\t<div class=\"icon-inner\" >\n\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/www.a2x.co.za\/wp-content\/uploads\/2024\/03\/A2X-Images-and-Icons-2024-25-1-300x300.png\" class=\"attachment-medium size-medium\" alt=\"\" srcset=\"https:\/\/www.a2x.co.za\/wp-content\/uploads\/2024\/03\/A2X-Images-and-Icons-2024-25-1-300x300.png 300w, https:\/\/www.a2x.co.za\/wp-content\/uploads\/2024\/03\/A2X-Images-and-Icons-2024-25-1-150x150.png 150w, https:\/\/www.a2x.co.za\/wp-content\/uploads\/2024\/03\/A2X-Images-and-Icons-2024-25-1-320x320.png 320w, https:\/\/www.a2x.co.za\/wp-content\/uploads\/2024\/03\/A2X-Images-and-Icons-2024-25-1-480x480.png 480w, https:\/\/www.a2x.co.za\/wp-content\/uploads\/2024\/03\/A2X-Images-and-Icons-2024-25-1.png 500w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t<div class=\"icon-box-text last-reset\">\n\t\t\t\t\t\t\t\t\t\n\t<div id=\"text-2935269958\" class=\"text\">\n\t\t\n<p style=\"text-align: center;\">Compensation<\/p>\n\t\t\n<style>\n#text-2935269958 {\n  color: rgb(0,0,0);\n}\n#text-2935269958 > * {\n  color: rgb(0,0,0);\n}\n<\/style>\n\t<\/div>\n\t\n\t\t<\/div>\n\t<\/div>\n\t\n\t\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n<\/div>\n\t\t<\/div>\n\n\t\t\n<style>\n#section_1393996614 {\n  padding-top: 30px;\n  padding-bottom: 30px;\n}\n<\/style>\n\t<\/section>\n\t\n<span class=\"scroll-to\" data-label=\"Scroll to: #marketstructure\" data-bullet=\"true\" data-link=\"#marketstructure\" data-title=\"marketstructure\"><a name=\"marketstructure\"><\/a><\/span>\n\n\t<section class=\"section\" id=\"section_1713919210\">\n\t\t<div class=\"section-bg fill\" >\n\t\t\t\t\t\t\t\t\t\n\t\t\t\n\n\t\t<\/div>\n\n\t\t\n\n\t\t<div class=\"section-content relative\">\n\t\t\t\n<div class=\"row\"  id=\"row-99119654\">\n\n\t<div id=\"col-478892858\" class=\"col medium-5 small-12 large-5\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n<div class=\"is-divider divider clearfix\" style=\"max-width:40px;height:6px;background-color:rgb(70, 249, 143);\"><\/div>\n\t<div id=\"text-1407479989\" class=\"text\">\n\t\t\n<h2><span style=\"font-size: 39.168px;\"><b>BC + LS<\/b><\/span><\/h2>\n<h2><span style=\"font-size: 39.168px;\">Settlement<\/span><\/h2>\n\t\t\n<style>\n#text-1407479989 {\n  color: #2d257d;\n}\n#text-1407479989 > * {\n  color: #2d257d;\n}\n<\/style>\n\t<\/div>\n\t\n<p>Benchmark Cross and Large in Scale are not \u201csettlement<br \/>assured\u201d by A2X.<br \/><strong>Separate settlement groups created on Strate but can be<\/strong><br \/><strong>linked (BtB and DPL):<\/strong><br \/>&#8211; Across groups<br \/>&#8211; Across JSE groups<br \/><strong>Capital Exposure Requirements:<\/strong><br \/>&#8211; No Capital Exposure Requirements (not settlement assured)<br \/>&#8211; No offset with order books<\/p>\n<a href=\"\/?page_id=1401\" class=\"button secondary is-large reveal-icon\" style=\"border-radius:99px;\">\n\t\t<span>View our market Stats<\/span>\n\t<i class=\"icon-angle-right\" aria-hidden=\"true\"><\/i><\/a>\n\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n\t<div id=\"col-132035771\" class=\"col medium-7 small-12 large-7\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n  <div class=\"banner has-hover has-parallax\" id=\"banner-2079826356\">\n          <div class=\"banner-inner fill\">\n        <div class=\"banner-bg fill\" data-parallax=\"-2\" data-parallax-container=\".banner\" data-parallax-background>\n            <img loading=\"lazy\" decoding=\"async\" width=\"2600\" height=\"2157\" src=\"https:\/\/www.a2x.co.za\/wp-content\/uploads\/2023\/12\/A2X-Website-Elements-Post-Trade-10.png\" class=\"bg attachment-original size-original\" alt=\"\" \/>                                    \n                    <\/div>\n\t\t\n        <div class=\"banner-layers container\">\n            <div class=\"fill banner-link\"><\/div>            \n   <div id=\"text-box-1846196317\" class=\"text-box banner-layer x50 md-x50 lg-x50 y50 md-y50 lg-y50 res-text\">\n                                <div class=\"text-box-content text dark\">\n              \n              <div class=\"text-inner text-center\">\n                  \n              <\/div>\n           <\/div>\n                            \n<style>\n#text-box-1846196317 {\n  width: 60%;\n}\n#text-box-1846196317 .text-box-content {\n  font-size: 100%;\n}\n@media (min-width:550px) {\n  #text-box-1846196317 {\n    width: 60%;\n  }\n}\n<\/style>\n    <\/div>\n \n        <\/div>\n      <\/div>\n\n            \n<style>\n#banner-2079826356 {\n  padding-top: 500px;\n  background-color: rgba(0, 0, 0, 0);\n}\n<\/style>\n  <\/div>\n\n\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n<\/div>\n\t\t<\/div>\n\n\t\t\n<style>\n#section_1713919210 {\n  padding-top: 30px;\n  padding-bottom: 30px;\n}\n<\/style>\n\t<\/section>\n\t\n<span class=\"scroll-to\" data-label=\"Scroll to: #posttrade\" data-bullet=\"true\" data-link=\"#posttrade\" data-title=\"posttrade\"><a name=\"posttrade\"><\/a><\/span>\n\n\t<section class=\"section has-parallax\" id=\"section_1257801354\">\n\t\t<div class=\"section-bg fill\" data-parallax-container=\".section\" data-parallax-background data-parallax=\"-4\">\n\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/www.a2x.co.za\/wp-content\/uploads\/2024\/03\/Arrow-on-trans-3.png\" class=\"bg attachment-original size-original\" alt=\"\" \/>\t\t\t\t\t\t\n\t\t\t\n\n\t\t<\/div>\n\n\t\t\n\n\t\t<div class=\"section-content relative\">\n\t\t\t\n<div class=\"row\"  id=\"row-1332466536\">\n\n\t<div id=\"col-1116136866\" class=\"col medium-6 small-12 large-6\"  data-animate=\"fadeInLeft\">\n\t\t\t\t<div class=\"col-inner text-left\"  >\n\t\t\t\n\t\t\t\n\t<div class=\"img has-hover x md-x lg-x y md-y lg-y\" id=\"image_380711181\">\n\t\t\t\t\t\t\t\t<div class=\"img-inner dark\" >\n\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"2500\" height=\"2500\" src=\"https:\/\/www.a2x.co.za\/wp-content\/uploads\/2024\/03\/A2X-Images-and-Icons-2024-05.png\" class=\"attachment-original size-original\" alt=\"\" srcset=\"https:\/\/www.a2x.co.za\/wp-content\/uploads\/2024\/03\/A2X-Images-and-Icons-2024-05.png 2500w, https:\/\/www.a2x.co.za\/wp-content\/uploads\/2024\/03\/A2X-Images-and-Icons-2024-05-300x300.png 300w, https:\/\/www.a2x.co.za\/wp-content\/uploads\/2024\/03\/A2X-Images-and-Icons-2024-05-1024x1024.png 1024w, https:\/\/www.a2x.co.za\/wp-content\/uploads\/2024\/03\/A2X-Images-and-Icons-2024-05-150x150.png 150w, https:\/\/www.a2x.co.za\/wp-content\/uploads\/2024\/03\/A2X-Images-and-Icons-2024-05-768x768.png 768w, https:\/\/www.a2x.co.za\/wp-content\/uploads\/2024\/03\/A2X-Images-and-Icons-2024-05-1536x1536.png 1536w, https:\/\/www.a2x.co.za\/wp-content\/uploads\/2024\/03\/A2X-Images-and-Icons-2024-05-2048x2048.png 2048w, https:\/\/www.a2x.co.za\/wp-content\/uploads\/2024\/03\/A2X-Images-and-Icons-2024-05-320x320.png 320w, https:\/\/www.a2x.co.za\/wp-content\/uploads\/2024\/03\/A2X-Images-and-Icons-2024-05-480x480.png 480w, https:\/\/www.a2x.co.za\/wp-content\/uploads\/2024\/03\/A2X-Images-and-Icons-2024-05-800x800.png 800w\" sizes=\"auto, (max-width: 2500px) 100vw, 2500px\" \/>\t\t\t\t\t\t\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\n<style>\n#image_380711181 {\n  width: 85%;\n}\n<\/style>\n\t<\/div>\n\t\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n\t<div id=\"col-1803325872\" class=\"col medium-6 small-12 large-6\"  data-animate=\"fadeInRight\">\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n<div class=\"is-divider divider clearfix\" style=\"max-width:40px;height:6px;background-color:rgb(70, 249, 143);\"><\/div>\n\t<div id=\"text-2556739426\" class=\"text\">\n\t\t\n<h2><span style=\"font-size: 39.168px;\"><b>A2X&#8217;s<br \/><\/b>Post Trade System<\/span><\/h2>\n\t\t\n<style>\n#text-2556739426 {\n  color: #2d257d;\n}\n#text-2556739426 > * {\n  color: #2d257d;\n}\n<\/style>\n\t<\/div>\n\t\n<p>After much engagement with our brokers and in partnership with a leading local tech company, MCI, we created a post trade system that allows our brokers to undertake agency trades on behalf of their clients and easily manage the deal allocation and settlement process.<\/p>\n<p>The Member Client Record and Allocation System (MeCRAS) facilitates integration between the brokers\u2019 downstream systems allowing for seamless end to end processing. MeCRAS is also hosted by A2X which means technical integration into the brokers infrastructure is simple.<\/p>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n<\/div>\n\t\t<\/div>\n\n\t\t\n<style>\n#section_1257801354 {\n  padding-top: 30px;\n  padding-bottom: 30px;\n}\n<\/style>\n\t<\/section>\n\t\n\n\t<section class=\"section\" id=\"section_896225098\">\n\t\t<div class=\"section-bg fill\" >\n\t\t\t\t\t\t\t\t\t\n\t\t\t\n\n\t\t<\/div>\n\n\t\t\n\n\t\t<div class=\"section-content relative\">\n\t\t\t\n<div class=\"row\"  id=\"row-1105547978\">\n\n\t<div id=\"col-986971271\" class=\"col small-12 large-12\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\t<div id=\"text-2211697481\" class=\"text\">\n\t\t\n<h2><span style=\"font-size: 39.168px;\">Post Trade <b>Feedback<\/b><\/span><\/h2>\n\t\t\n<style>\n#text-2211697481 {\n  text-align: center;\n  color: #2d257d;\n}\n#text-2211697481 > * {\n  color: #2d257d;\n}\n<\/style>\n\t<\/div>\n\t\n<div class=\"slider-wrapper relative\" id=\"slider-1614053163\" >\n    <div class=\"slider slider-nav-simple slider-nav-large slider-nav-dark slider-nav-outside slider-style-normal slider-show-nav\"\n        data-flickity-options='{\n            \"cellAlign\": \"center\",\n            \"imagesLoaded\": true,\n            \"lazyLoad\": 1,\n            \"freeScroll\": false,\n            \"wrapAround\": true,\n            \"autoPlay\": 3500,\n            \"pauseAutoPlayOnHover\" : false,\n            \"prevNextButtons\": true,\n            \"contain\" : true,\n            \"adaptiveHeight\" : true,\n            \"dragThreshold\" : 10,\n            \"percentPosition\": true,\n            \"pageDots\": true,\n            \"rightToLeft\": false,\n            \"draggable\": true,\n            \"selectedAttraction\": 0.1,\n            \"parallax\" : 0,\n            \"friction\": 0.6        }'\n        >\n        \n\n  <div class=\"banner has-hover\" id=\"banner-388646516\">\n          <div class=\"banner-inner fill\">\n        <div class=\"banner-bg fill\" >\n                                                \n                    <\/div>\n\t\t\n        <div class=\"banner-layers container\">\n            <div class=\"fill banner-link\"><\/div>            \n   <div id=\"text-box-2065070916\" class=\"text-box banner-layer x5 md-x5 lg-x5 y50 md-y50 lg-y50 res-text\">\n                                <div class=\"text-box-content text \">\n              \n              <div class=\"text-inner text-center\">\n                  \n\t<div class=\"img has-hover x md-x lg-x y md-y lg-y\" id=\"image_1486108490\">\n\t\t\t\t\t\t\t\t<div class=\"img-inner dark\" >\n\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"240\" height=\"240\" src=\"https:\/\/www.a2x.co.za\/wp-content\/uploads\/2023\/12\/iconmonstr-quote-3-240.png\" class=\"attachment-original size-original\" alt=\"\" srcset=\"https:\/\/www.a2x.co.za\/wp-content\/uploads\/2023\/12\/iconmonstr-quote-3-240.png 240w, https:\/\/www.a2x.co.za\/wp-content\/uploads\/2023\/12\/iconmonstr-quote-3-240-150x150.png 150w\" sizes=\"auto, (max-width: 240px) 100vw, 240px\" \/>\t\t\t\t\t\t\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\n<style>\n#image_1486108490 {\n  width: 7%;\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-119477652\" class=\"text\">\n\t\t\n<blockquote>\n<h5 style=\"text-align: center;\"><span style=\"color: #000080;\">\u201cInternationally, stock exchange competition leads to improved responsiveness<\/span><br \/><span style=\"color: #000080;\">and innovation as well as service-oriented capital markets environments.<\/span><br \/><span style=\"color: #000080;\">This is positive for brokers and has the potential to lift the<\/span><br \/><span style=\"color: #000080;\">market as a whole.\u201d<\/span><\/h5>\n<\/blockquote>\n\t\t\n<style>\n#text-119477652 {\n  color: #2d257d;\n}\n#text-119477652 > * {\n  color: #2d257d;\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-3114021077\" class=\"text\">\n\t\t\n<p><span style=\"color: #000080;\">Beverly Furman &#8211; <strong>Executive of CSD Operations, Strate<\/strong><\/span><\/p>\n\t\t\n<style>\n#text-3114021077 {\n  text-align: center;\n}\n<\/style>\n\t<\/div>\n\t\n              <\/div>\n           <\/div>\n                            \n<style>\n#text-box-2065070916 {\n  width: 60%;\n}\n#text-box-2065070916 .text-box-content {\n  font-size: 100%;\n}\n@media (min-width:550px) {\n  #text-box-2065070916 {\n    width: 88%;\n  }\n}\n<\/style>\n    <\/div>\n \n        <\/div>\n      <\/div>\n\n            \n<style>\n#banner-388646516 {\n  padding-top: 400px;\n  background-color: rgb(255, 255, 255);\n}\n<\/style>\n  <\/div>\n\n\n\n  <div class=\"banner has-hover\" id=\"banner-638427645\">\n          <div class=\"banner-inner fill\">\n        <div class=\"banner-bg fill\" >\n                                                \n                    <\/div>\n\t\t\n        <div class=\"banner-layers container\">\n            <div class=\"fill banner-link\"><\/div>            \n   <div id=\"text-box-322342056\" class=\"text-box banner-layer x5 md-x5 lg-x5 y50 md-y50 lg-y50 res-text\">\n                                <div class=\"text-box-content text \">\n              \n              <div class=\"text-inner text-center\">\n                  \n\t<div class=\"img has-hover x md-x lg-x y md-y lg-y\" id=\"image_336258251\">\n\t\t\t\t\t\t\t\t<div class=\"img-inner dark\" >\n\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"240\" height=\"240\" src=\"https:\/\/www.a2x.co.za\/wp-content\/uploads\/2023\/12\/iconmonstr-quote-3-240.png\" class=\"attachment-original size-original\" alt=\"\" srcset=\"https:\/\/www.a2x.co.za\/wp-content\/uploads\/2023\/12\/iconmonstr-quote-3-240.png 240w, https:\/\/www.a2x.co.za\/wp-content\/uploads\/2023\/12\/iconmonstr-quote-3-240-150x150.png 150w\" sizes=\"auto, (max-width: 240px) 100vw, 240px\" \/>\t\t\t\t\t\t\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\n<style>\n#image_336258251 {\n  width: 7%;\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-3482053634\" class=\"text\">\n\t\t\n<blockquote>\n<h5 style=\"text-align: center;\"><span style=\"color: #000080;\">\u201cInternationally, stock exchange competition leads to improved responsiveness<\/span><br \/><span style=\"color: #000080;\">and innovation as well as service-oriented capital markets environments.<\/span><br \/><span style=\"color: #000080;\">This is positive for brokers and has the potential to lift the<\/span><br \/><span style=\"color: #000080;\">market as a whole.\u201d<\/span><\/h5>\n<\/blockquote>\n\t\t\n<style>\n#text-3482053634 {\n  color: #2d257d;\n}\n#text-3482053634 > * {\n  color: #2d257d;\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-2218723387\" class=\"text\">\n\t\t\n<p><span style=\"color: #000080;\">Beverly Furman &#8211; <strong>Executive of CSD Operations, Strate<\/strong><\/span><\/p>\n\t\t\n<style>\n#text-2218723387 {\n  text-align: center;\n}\n<\/style>\n\t<\/div>\n\t\n              <\/div>\n           <\/div>\n                            \n<style>\n#text-box-322342056 {\n  width: 60%;\n}\n#text-box-322342056 .text-box-content {\n  font-size: 100%;\n}\n@media (min-width:550px) {\n  #text-box-322342056 {\n    width: 88%;\n  }\n}\n<\/style>\n    <\/div>\n \n        <\/div>\n      <\/div>\n\n            \n<style>\n#banner-638427645 {\n  padding-top: 400px;\n  background-color: rgb(255, 255, 255);\n}\n<\/style>\n  <\/div>\n\n\n     <\/div>\n\n     <div class=\"loading-spin dark large centered\"><\/div>\n\n\t<\/div>\n\n\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n<\/div>\n\t\t<\/div>\n\n\t\t\n<style>\n#section_896225098 {\n  padding-top: 30px;\n  padding-bottom: 30px;\n}\n<\/style>\n\t<\/section>\n\t\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"page-single-page-nav-transparent-light.php","meta":{"cybocfi_hide_featured_image":"","footnotes":""},"class_list":["post-170","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Post Trade - A2X Markets<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.a2x.co.za\/?page_id=170\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Post Trade - A2X Markets\" \/>\n<meta property=\"og:url\" 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