TRADE

ON A2X

A2X provides the market
with an efficient and cost effective trading venue to secondary list and trade shares.

An experienced team hand-picked from across the financial services and technology industries, run the exchange. This experience, combined with cutting-edge technology and stable systems enable a seamless trading experience for our brokers.

The Benefits of Trading on A2X

Best
Execution

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By looking cross-market you can ensure that you are getting the best deal for your clients and are following international best practice.

Choice and
Reduced Fees

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Brokers now have a choice of trading venue. Narrower spreads and increased liquidity generate material savings while brokers enjoy a 50% reduction on the
end-to-end cost of transacting.

A Contingency
Plan

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Should one market experience issues, listed shares will still be available for trade.

Our Exchange model

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The A2X model is a Multilateral Trading Facility styled exchange platform operating as follows:

  • Trading in qualifying equity securities
  • The matching engine is an anonymous central order book
  • All orders will be lit and matched on price/time priority
  • All trades currently take place on-market
  • A high performance, low latency platform
  • Internationally proven technology

Clearing Process

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All trades executed on the platform will be cleared by A2X Clear as follows:

  • Clearing takes place on a mutlilateral basis
  • Settlement occurs on a T+3 rolling contractual basis
  • Settlement is assured and monitored by the A2X settlement committee
  • Strate is the appointed Central Securities Depository

In order to trade on A2X, you will need to use an approved broker. The list of approved brokers (members) can be found here

A2X has developed a post trade system that enables our brokers to undertake agency trades on behalf of their clients and easily manage the deal allocation and settlement process – more detail can be found here

If you are a locally domiciled broker and would like to become an A2X member, simply follow the steps on our applications page.