News / Industry

First trade placed on A2X through IRESS solutions


A2X, the new alternate South African exchange launched on Friday, 6 October. A2X provides a secondary platform for companies listed on the Johannesburg Stock Exchange (JSE) and offers brokers an alternative equity trading venue.


On Friday morning, the first trade to match on the new A2X, was placed by Peregrine Securities utilising IRESS solutions. This was done via a combination of the IRESS Professional front end, the IRESS OMS (IOS+) and the IRESS FIX Hub and network (SmartHub).


The successful go live of A2X and addition of the new exchange as a trading interface onto the IRESS OMS, means that IRESS is now in a position to introduce multi market technology, already tried and tested in markets like Australia and Canada, where multi markets have been a reality for some time. These include products like Best Market Router (Smart Order Routing) and latency normalisation technology.


Neal Lawrence, Chief Technology Officer at A2X, comments “IRESS as a global provider of proven multi market trading systems, were well positioned to certify their systems early with A2X. It is wonderful to see clients like Peregrine Securities trading on A2X, using IRESS’s multi market technology, a first I believe for South Africa!”


Tsepho Maseko, Director of Trading Technologies at Peregrine Securities, adds, “The readiness of the solution and support displayed by IRESS people both leading up to and on A2X go live, reaffirms the value in the partnership between Peregrine Securities and IRESS”.


“It’s great for multi markets to finally be a reality in South Africa. We are excited by what this means for our clients in terms of ability to leverage existing IRESS investment and solutions like Smart Order Routing. Being first trade is more symbolic of our commitment to South African Financial Markets and our clients” explains Shaun Nicholson, Head of Financial Markets at IRESS.




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