Sygnia to list its ETFs on A2X

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Sygnia to list its ETFs on A2X

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Published Date: 2021-04-07 | Source: Stephen Gunnion | Author: Stephen Gunnion

Sygnia to list its ETFs on A2X

The exchange says the cost-sensitive instruments will benefit from its cheap trading platform.

Sygnia will list all its exchange-traded funds (ETFs) on A2X Markets next week and says more will be added as it expands its product range.

The fund manager said it would list 10 ETFs covering local and global markets, as well as the global property and high-tech sectors, on 14 April. It said it would add at least three more ETFs to its range this year, all of which would also be listed on the alternative exchange. The ETFs will retain their primary listings on the JSE.

The new listings will bring the number of securities available for trade on A2X to 50, with a combined market capitalisation of more than R5.2-trillion. A2X's listings cover a number of sectors, including media, property, mining, banking, retail, fast-moving consumer goods, financial services, healthcare and telecommunications. It will have 13 ETFs and two exchange-traded notes (ETNs).

A2X set itself up a trading rival to the JSE in October 2017. It said its advanced international exchange technology meant it was able to provide an efficient and cost-effective trading venue to secondary list and trade shares. It claimed end-to-end costs of transacting on the platform were 50% lower than current trading costs in SA. It only offers secondary listings for companies already listed on another exchange.





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