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