A2X Markets achieved record volumes, value, and trade count in March 2023, with year-on-year growth of 355%.
The record month represents an increase of 52% in value traded on the previous record of A2X in September 2022 and is an increase of 355% on March 2022.
Kevin Brady, Sean Melnick, and Ashley Mendelowitz founded A2X in 2014 to compete against the Johannesburg Stock Exchange (JSE).
The founders aimed to provide an alternative platform for companies to secondary list and trade their shares efficiently and cost-effectively.
A2X provided end-to-end transaction costs that are 50% lower than current trading costs in South Africa.
The exchange debuted on 6 October 2017, with three listings – African Rainbow Capital, Peregrine Holdings, and Coronation Fund Managers with a combined market cap of R14 billion.
Fast forward five-and-a-half years and A2X has grown to 112 trading instruments with a combined market cap of R6.7 trillion.
There has been a flood of listings on A2X in recent months, including Life Healthcare, Balwin Properties, Attacq, Pick n Pay, Stor-Age, Absa, and Fortress Real Estate.
They join well-known companies already trading on the exchange, including AngloGold Ashanti, Exxaro, Discovery, Investec, Mr Price, Naspers, Nedbank, Remgro, Sanlam, Sasol, and Standard Bank.
March 2023 A2X trading statistics
March 2023 was a standout month for A2X, with a record R6 billion in consideration traded, assisted by active trading of Naspers, Absa, and Prosus.
Peresec was the most active trader on the exchange, followed by Rand Merchant Bank MS and Standard Bank.
The charts below provide an overview of A2X’s growth over the last year, share activity, and the most active brokers.