{"id":2376,"date":"2025-07-31T14:37:54","date_gmt":"2025-07-31T12:37:54","guid":{"rendered":"https:\/\/www.a2x.co.za\/?p=2376"},"modified":"2025-08-14T14:57:44","modified_gmt":"2025-08-14T12:57:44","slug":"choosing-progress-how-competition-elevates-south-africas-financial-markets","status":"publish","type":"post","link":"https:\/\/www.a2x.co.za\/?p=2376","title":{"rendered":"Choosing Progress: How Competition Elevates South Africa&#8217;s Financial Markets"},"content":{"rendered":"\t<div id=\"text-2343433372\" class=\"text\">\n\t\t\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-2378\" src=\"https:\/\/www.a2x.co.za\/wp-content\/uploads\/2025\/07\/choosing-progress-1024x544.png\" alt=\"\" width=\"1020\" height=\"542\" srcset=\"https:\/\/www.a2x.co.za\/wp-content\/uploads\/2025\/07\/choosing-progress-1024x544.png 1024w, https:\/\/www.a2x.co.za\/wp-content\/uploads\/2025\/07\/choosing-progress-300x159.png 300w, https:\/\/www.a2x.co.za\/wp-content\/uploads\/2025\/07\/choosing-progress-768x408.png 768w, https:\/\/www.a2x.co.za\/wp-content\/uploads\/2025\/07\/choosing-progress-1536x816.png 1536w, https:\/\/www.a2x.co.za\/wp-content\/uploads\/2025\/07\/choosing-progress-2048x1088.png 2048w\" sizes=\"auto, (max-width: 1020px) 100vw, 1020px\" \/><\/p>\n<p style=\"text-align: left;\"><span style=\"font-weight: 400;\">In almost every sphere of life, we instinctively understand the power of choice.\u00a0From the groceries we buy to the services we procure, competition fosters innovation, drives down prices, and ultimately delivers better value.\u00a0South Africa&#8217;s capital markets, the engine room of our economy, are no different.\u00a0<strong>A dynamic and healthy financial market thrives on choice<\/strong>, and the introduction of regulated competition, championed by exchanges like A2X Markets, acts as a powerful catalyst for positive change across the entire ecosystem.\u00a0\u00a0\u00a0<\/span><\/p>\n<p style=\"text-align: left;\"><span style=\"font-weight: 400;\">For many years, the South African exchange landscape saw limited competition. While this provided stability, the potential benefits of a multi-exchange environment remained largely untapped.\u00a0Since A2X obtained its licence and commenced operations in 2017, we have actively worked to introduce healthy competition, demonstrating that alternative venues can significantly enhance the overall market structure for the benefit of all participants.<strong>\u00a0This isn&#8217;t about disruption for its own sake; it&#8217;s about constructive evolution<\/strong>. Let&#8217;s explore how this plays out.\u00a0\u00a0\u00a0<\/span><\/p>\n\t\t\n<style>\n#text-2343433372 {\n  text-align: center;\n  color: rgb(26, 43, 71);\n}\n#text-2343433372 > * {\n  color: rgb(26, 43, 71);\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-2814027802\" class=\"text\">\n\t\t\n<h2><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-2344\" src=\"https:\/\/www.a2x.co.za\/wp-content\/uploads\/2025\/07\/A2X_red_arrow_right.png\" alt=\"\" width=\"20\" height=\"26\" \/> <b>Driving Innovation Through Competitive Pressure<\/b><\/h2>\n\t\t\n<style>\n#text-2814027802 {\n  color: rgb(32, 18, 57);\n}\n#text-2814027802 > * {\n  color: rgb(32, 18, 57);\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-1686143377\" class=\"text\">\n\t\t\n<p><span style=\"font-weight: 400;\">Perhaps one of the most immediate impacts of competition is the spurring of innovation. <strong>When market participants have choices, providers must continually improve their offerings<\/strong> to attract and retain business. This translates directly into technological advancements.\u00a0A2X, for instance, partnered with Aquis Exchange in the UK from the outset, licensing their cutting-edge matching engine, surveillance systems, and clearing technology.\u00a0This wasn&#8217;t merely about adopting new tech; it was a strategic decision to bring world-class, high-performance infrastructure to the South African market.\u00a0\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This commitment to technology manifests in <strong>tangible benefits like lower latency (faster trade execution) and higher throughput (the ability to handle larger volumes of orders reliably)<\/strong>. This technological push encourages all players in the market, including incumbent exchanges and service providers, to reassess their own capabilities and invest in upgrades. The end result? A more sophisticated, faster, and more reliable trading environment for everyone \u2013 from the largest institutions to the brokers executing trades on behalf of individual investors.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Innovation extends beyond raw speed; it also fosters the development of new tools and order types designed to meet specific trading needs, offering <strong>brokers greater flexibility in achieving best execution for their clients.<\/strong><\/span><\/p>\n\t\t\n<style>\n#text-1686143377 {\n  color: rgb(40, 40, 40);\n}\n#text-1686143377 > * {\n  color: rgb(40, 40, 40);\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-3041348177\" class=\"text\">\n\t\t\n<h2><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-2344\" src=\"https:\/\/www.a2x.co.za\/wp-content\/uploads\/2025\/07\/A2X_red_arrow_right.png\" alt=\"\" width=\"20\" height=\"26\" \/> <b>Enhancing Efficiency Across the Board<\/b><\/h2>\n\t\t\n<style>\n#text-3041348177 {\n  color: rgb(32, 18, 57);\n}\n#text-3041348177 > * {\n  color: rgb(32, 18, 57);\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-950993062\" class=\"text\">\n\t\t\n<p><span style=\"font-weight: 400;\">Competition inherently forces participants to look closely at their own operations and find ways to become more efficient. When brokers have multiple venues to route orders to, they will naturally favour those that offer not only the best price but also the smoothest, most reliable, and most cost-effective execution process. Exchanges, therefore, face pressure to streamline their listing procedures, optimise their rulebooks, and enhance their operational support.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This efficiency drive extends beyond the exchanges themselves.\u00a0Brokers are motivated to develop sophisticated routing technology to automatically find the best venue for each trade.\u00a0Data providers may find new opportunities to offer consolidated market data feeds. Custodians and settlement agents must ensure their systems can seamlessly interact with multiple platforms. <strong>While introducing competition requires initial adaptation, the long-term outcome is a leaner, more agile, and more efficient market ecosystem, reducing friction and unnecessary costs.\u00a0\u00a0\u00a0<\/strong><\/span><\/p>\n\t\t\n<style>\n#text-950993062 {\n  color: rgb(40, 40, 40);\n}\n#text-950993062 > * {\n  color: rgb(40, 40, 40);\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-3003324904\" class=\"text\">\n\t\t\n<h2><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-2344\" src=\"https:\/\/www.a2x.co.za\/wp-content\/uploads\/2025\/07\/A2X_red_arrow_right.png\" alt=\"\" width=\"20\" height=\"26\" \/> <b>Lowering Costs: A Tangible Benefit<\/b><\/h2>\n\t\t\n<style>\n#text-3003324904 {\n  color: rgb(32, 18, 57);\n}\n#text-3003324904 > * {\n  color: rgb(32, 18, 57);\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-831538526\" class=\"text\">\n\t\t\n<p><span style=\"font-weight: 400;\">One of the most direct and easily understood benefits of competition is its impact on costs.\u00a0A2X entered the market with a specific focus on providing a more cost-effective trading venue.\u00a0By leveraging modern technology and maintaining a lean operational structure, <\/span><strong>A2X significantly lowers the end to end cost of a transaction \u2013 with end savings of over 40% typically being captured.<\/strong><span style=\"font-weight: 400;\">\u00a0\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This cost saving delivers immediate value to brokers, reducing their operational expenses.\u00a0Crucially, brokers can then pass these savings on to their end clients \u2013 the investors. Lower trading costs mean more of an investor&#8217;s capital remains invested, contributing to better long-term returns.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0Furthermore, for companies listed on multiple exchanges, the overall efficiency gains and competitive fee structures across the ecosystem <\/span><strong>drives increased and deeper pools of liquidity\u00a0 and this in turn lowers the cost of raising <\/strong><span style=\"font-weight: 400;\"><strong>capital.\u00a0\u00a0<\/strong>\u00a0<\/span><\/p>\n\t\t\n<style>\n#text-831538526 {\n  color: rgb(40, 40, 40);\n}\n#text-831538526 > * {\n  color: rgb(40, 40, 40);\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-1621740761\" class=\"text\">\n\t\t\n<h2><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-2344\" src=\"https:\/\/www.a2x.co.za\/wp-content\/uploads\/2025\/07\/A2X_red_arrow_right.png\" alt=\"\" width=\"20\" height=\"26\" \/> <b>Increas<\/b><b>ed Liquidity Drives Improved Price Formation<\/b><\/h2>\n\t\t\n<style>\n#text-1621740761 {\n  color: rgb(32, 18, 57);\n}\n#text-1621740761 > * {\n  color: rgb(32, 18, 57);\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-1478640732\" class=\"text\">\n\t\t\n<p><strong>The benefits a multi-exchange environment brings in the form of\u00a0 <\/strong><span style=\"font-weight: 400;\"><strong>improved efficiencies<\/strong>, lower friction cost, innovation and client service<\/span><span style=\"font-weight: 400;\"> inherently increases <\/span><span style=\"font-weight: 400;\">overall market activity,<\/span> <span style=\"font-weight: 400;\">which in turn <\/span><span style=\"font-weight: 400;\">\u00a0provides additional data points for price discovery <\/span><span style=\"font-weight: 400;\">and a better view of the true value of the share.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Furthermore, the <strong>presence of multiple, regulated exchanges fosters greater scrutiny and dialogue around market structure itself.<\/strong> Regulators gain comparative data, enabling more informed oversight. Market participants engage more actively in discussions about fairness, access, and efficiency. A2X operates under the strict oversight of the Financial Sector Conduct Authority (FSCA) and the Prudential Authority of the SARB (PA), ensuring all trading activity adheres to the highest standards of regulation and transparency, contributing positively to overall market integrity and investor confidence.\u00a0\u00a0\u00a0<\/span><\/p>\n\t\t\n<style>\n#text-1478640732 {\n  color: rgb(40, 40, 40);\n}\n#text-1478640732 > * {\n  color: rgb(40, 40, 40);\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-2117123552\" class=\"text\">\n\t\t\n<h2><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-2344\" src=\"https:\/\/www.a2x.co.za\/wp-content\/uploads\/2025\/07\/A2X_red_arrow_right.png\" alt=\"\" width=\"20\" height=\"26\" \/> <b>A Stronger Ecosystem Through Choice<\/b><\/h2>\n\t\t\n<style>\n#text-2117123552 {\n  color: rgb(32, 18, 57);\n}\n#text-2117123552 > * {\n  color: rgb(32, 18, 57);\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-2179098999\" class=\"text\">\n\t\t\n<p><span style=\"font-weight: 400;\"><strong>A2X is proud to function as a catalyst within the South African market<\/strong>. We believe that by offering a credible, high-performance, and cost-effective alternative, we contribute significantly to a more robust, competitive, and ultimately more attractive financial ecosystem. This isn&#8217;t a zero-sum game; a thriving A2X operating alongside a strong JSE creates a more dynamic environment that benefits listed companies seeking capital and liquidity, brokers striving for best execution, and investors seeking value and fair treatment.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><strong>The evolution towards a multi-venue market is a sign of maturity and progress.<\/strong> Embracing competition means embracing innovation, efficiency, lower costs, and greater transparency \u2013 all vital ingredients for the long-term health and growth of South Africa&#8217;s capital markets.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><strong>Choose to be informed. Understand the landscape and the benefits that competition delivers.<\/strong> We encourage you to learn more about the positive impact A2X is making and the ongoing evolution of our market.<\/span><\/p>\n\t\t\n<style>\n#text-2179098999 {\n  color: rgb(40, 40, 40);\n}\n#text-2179098999 > * {\n  color: rgb(40, 40, 40);\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-514469557\" class=\"text\">\n\t\t\n<p style=\"text-align: center;\"><i><span style=\"font-weight: 400;\">To delve deeper into market structure, technology, and the benefits A2X offers, explore the insights and resources available on the A2X website.<\/span><\/i><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n\t\t\n<style>\n#text-514469557 {\n  color: rgb(40, 40, 40);\n}\n#text-514469557 > * {\n  color: rgb(40, 40, 40);\n}\n<\/style>\n\t<\/div>\n\t\n","protected":false},"excerpt":{"rendered":"<p>Excerpt text<\/p>\n","protected":false},"author":1,"featured_media":2431,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"cybocfi_hide_featured_image":"yes","footnotes":""},"categories":[11],"tags":[],"class_list":["post-2376","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Choosing Progress: How Competition Elevates South Africa&#039;s Financial Markets - 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\/?p=2376\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Choosing Progress: How Competition Elevates South Africa&#039;s Financial Markets - A2X Markets\" \/>\n<meta property=\"og:description\" content=\"Excerpt text\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.a2x.co.za\/?p=2376\" \/>\n<meta property=\"og:site_name\" content=\"A2X Markets\" \/>\n<meta property=\"article:published_time\" content=\"2025-07-31T12:37:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-08-14T12:57:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.a2x.co.za\/wp-content\/uploads\/2025\/07\/choosing-progress-fancy.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"627\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"support\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@A2X_Markets\" \/>\n<meta name=\"twitter:site\" content=\"@A2X_Markets\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"support\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.a2x.co.za\\\/?p=2376#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.a2x.co.za\\\/?p=2376\"},\"author\":{\"name\":\"support\",\"@id\":\"https:\\\/\\\/www.a2x.co.za\\\/#\\\/schema\\\/person\\\/b859ae2e54fbdfc5cf9ae051f18fb922\"},\"headline\":\"Choosing Progress: How Competition Elevates South Africa&#8217;s Financial Markets\",\"datePublished\":\"2025-07-31T12:37:54+00:00\",\"dateModified\":\"2025-08-14T12:57:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.a2x.co.za\\\/?p=2376\"},\"wordCount\":1064,\"publisher\":{\"@id\":\"https:\\\/\\\/www.a2x.co.za\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.a2x.co.za\\\/?p=2376#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.a2x.co.za\\\/wp-content\\\/uploads\\\/2025\\\/07\\\/choosing-progress-fancy.png\",\"articleSection\":[\"Articles\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.a2x.co.za\\\/?p=2376\",\"url\":\"https:\\\/\\\/www.a2x.co.za\\\/?p=2376\",\"name\":\"Choosing Progress: How Competition Elevates South Africa's Financial Markets - A2X Markets\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.a2x.co.za\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.a2x.co.za\\\/?p=2376#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.a2x.co.za\\\/?p=2376#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.a2x.co.za\\\/wp-content\\\/uploads\\\/2025\\\/07\\\/choosing-progress-fancy.png\",\"datePublished\":\"2025-07-31T12:37:54+00:00\",\"dateModified\":\"2025-08-14T12:57:44+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.a2x.co.za\\\/?p=2376#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.a2x.co.za\\\/?p=2376\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.a2x.co.za\\\/?p=2376#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.a2x.co.za\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Choosing Progress: How Competition Elevates South Africa&#8217;s Financial Markets\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.a2x.co.za\\\/#website\",\"url\":\"https:\\\/\\\/www.a2x.co.za\\\/\",\"name\":\"A2X Markets\",\"description\":\"A2X Markets is an exchange licensed in terms of the Financial Markets Act, 2012\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.a2x.co.za\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.a2x.co.za\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.a2x.co.za\\\/#organization\",\"name\":\"A2X Markets\",\"url\":\"https:\\\/\\\/www.a2x.co.za\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.a2x.co.za\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.a2x.co.za\\\/wp-content\\\/uploads\\\/2023\\\/11\\\/logo-dark.png\",\"contentUrl\":\"https:\\\/\\\/www.a2x.co.za\\\/wp-content\\\/uploads\\\/2023\\\/11\\\/logo-dark.png\",\"width\":212,\"height\":88,\"caption\":\"A2X Markets\"},\"image\":{\"@id\":\"https:\\\/\\\/www.a2x.co.za\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/x.com\\\/A2X_Markets\",\"https:\\\/\\\/za.linkedin.com\\\/company\\\/a2x-markets\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.a2x.co.za\\\/#\\\/schema\\\/person\\\/b859ae2e54fbdfc5cf9ae051f18fb922\",\"name\":\"support\",\"sameAs\":[\"https:\\\/\\\/webdev2.a2x.co.za\"],\"url\":\"https:\\\/\\\/www.a2x.co.za\\\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Choosing Progress: How Competition Elevates South Africa's Financial Markets - A2X Markets","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.a2x.co.za\/?p=2376","og_locale":"en_US","og_type":"article","og_title":"Choosing Progress: How Competition Elevates South Africa's Financial Markets - A2X Markets","og_description":"Excerpt text","og_url":"https:\/\/www.a2x.co.za\/?p=2376","og_site_name":"A2X Markets","article_published_time":"2025-07-31T12:37:54+00:00","article_modified_time":"2025-08-14T12:57:44+00:00","og_image":[{"width":1200,"height":627,"url":"https:\/\/www.a2x.co.za\/wp-content\/uploads\/2025\/07\/choosing-progress-fancy.png","type":"image\/png"}],"author":"support","twitter_card":"summary_large_image","twitter_creator":"@A2X_Markets","twitter_site":"@A2X_Markets","twitter_misc":{"Written by":"support","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.a2x.co.za\/?p=2376#article","isPartOf":{"@id":"https:\/\/www.a2x.co.za\/?p=2376"},"author":{"name":"support","@id":"https:\/\/www.a2x.co.za\/#\/schema\/person\/b859ae2e54fbdfc5cf9ae051f18fb922"},"headline":"Choosing Progress: How Competition Elevates South Africa&#8217;s Financial Markets","datePublished":"2025-07-31T12:37:54+00:00","dateModified":"2025-08-14T12:57:44+00:00","mainEntityOfPage":{"@id":"https:\/\/www.a2x.co.za\/?p=2376"},"wordCount":1064,"publisher":{"@id":"https:\/\/www.a2x.co.za\/#organization"},"image":{"@id":"https:\/\/www.a2x.co.za\/?p=2376#primaryimage"},"thumbnailUrl":"https:\/\/www.a2x.co.za\/wp-content\/uploads\/2025\/07\/choosing-progress-fancy.png","articleSection":["Articles"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.a2x.co.za\/?p=2376","url":"https:\/\/www.a2x.co.za\/?p=2376","name":"Choosing Progress: How Competition Elevates South Africa's Financial Markets - A2X Markets","isPartOf":{"@id":"https:\/\/www.a2x.co.za\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.a2x.co.za\/?p=2376#primaryimage"},"image":{"@id":"https:\/\/www.a2x.co.za\/?p=2376#primaryimage"},"thumbnailUrl":"https:\/\/www.a2x.co.za\/wp-content\/uploads\/2025\/07\/choosing-progress-fancy.png","datePublished":"2025-07-31T12:37:54+00:00","dateModified":"2025-08-14T12:57:44+00:00","breadcrumb":{"@id":"https:\/\/www.a2x.co.za\/?p=2376#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.a2x.co.za\/?p=2376"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.a2x.co.za\/?p=2376#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.a2x.co.za\/"},{"@type":"ListItem","position":2,"name":"Choosing Progress: How Competition Elevates South Africa&#8217;s Financial Markets"}]},{"@type":"WebSite","@id":"https:\/\/www.a2x.co.za\/#website","url":"https:\/\/www.a2x.co.za\/","name":"A2X Markets","description":"A2X Markets is an exchange licensed in terms of the Financial Markets Act, 2012","publisher":{"@id":"https:\/\/www.a2x.co.za\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.a2x.co.za\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.a2x.co.za\/#organization","name":"A2X Markets","url":"https:\/\/www.a2x.co.za\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.a2x.co.za\/#\/schema\/logo\/image\/","url":"https:\/\/www.a2x.co.za\/wp-content\/uploads\/2023\/11\/logo-dark.png","contentUrl":"https:\/\/www.a2x.co.za\/wp-content\/uploads\/2023\/11\/logo-dark.png","width":212,"height":88,"caption":"A2X Markets"},"image":{"@id":"https:\/\/www.a2x.co.za\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/x.com\/A2X_Markets","https:\/\/za.linkedin.com\/company\/a2x-markets"]},{"@type":"Person","@id":"https:\/\/www.a2x.co.za\/#\/schema\/person\/b859ae2e54fbdfc5cf9ae051f18fb922","name":"support","sameAs":["https:\/\/webdev2.a2x.co.za"],"url":"https:\/\/www.a2x.co.za\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/www.a2x.co.za\/index.php?rest_route=\/wp\/v2\/posts\/2376","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.a2x.co.za\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.a2x.co.za\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.a2x.co.za\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.a2x.co.za\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2376"}],"version-history":[{"count":5,"href":"https:\/\/www.a2x.co.za\/index.php?rest_route=\/wp\/v2\/posts\/2376\/revisions"}],"predecessor-version":[{"id":2426,"href":"https:\/\/www.a2x.co.za\/index.php?rest_route=\/wp\/v2\/posts\/2376\/revisions\/2426"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.a2x.co.za\/index.php?rest_route=\/wp\/v2\/media\/2431"}],"wp:attachment":[{"href":"https:\/\/www.a2x.co.za\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2376"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.a2x.co.za\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2376"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.a2x.co.za\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2376"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}