Finance & Banking

Application to operate a stock exchange

Partner, Pierre Swart advised and continues to advise 4 Africa Exchange Proprietary Limited (4AX) with an application to the Financial Services Board for an exchange licence (Stock Exchange) in terms of section 7 of the Financial Markets Act, 2012.

If successful in its application for an exchange licence, 4AX will seek to attract listings from qualifying issuers with a particular focus on companies with a market capitalisation of between R100 million to R8 billion. 4AX exchange infrastructure and technology has been designed to change the status quo from a cost and trading risk perspective and will facilitate low cost trading within a real time settlement environment, thereby significantly increasing the competitiveness of the South African financial markets.