UBS is set to be the first international broker to trade on South Africa’s A2X Markets this quarter.
“We are delighted to welcome UBS […] their sophisticated algorithm suite will connect to A2X, enabling them to leverage all available markets in South Africa while accessing our additional liquidity and functionality,” said Kevin Brady, chief executive of A2X Markets.
It has been confirmed that UBS will trade across all 175 securities listed on A2X.
The move is set to expand access to the liquidity and market functionality across South Africa, with UBS set to utilise its algorithmic suite in order to leverage A2X’s infrastructure.
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The news marks a key step in A2X’s journey to becoming an increasingly competitive alternative trading venue in the region, said the exchange.
Ed Popham-Holloway, country head of UBS South Africa, said: “In line with our commitment to providing clients with international best practices and innovative solutions, we have invested to connect and trade on A2X, thus enabling us to access broader liquidity for our clients while leveraging the innovative infrastructure available on A2X.”