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The future of South Africa’s capital markets: Far from lacklustre

South Africa has one of the most sophisticated financial markets and has earned a reputation for its sound financial market development. Looking to the next five years, A2X Markets CEO and co-founder Kevin Brady believes the market could become more dynamic and efficient as new exchanges are granted licences.   A2X Markets was officially granted […]

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Strate: A Pioneer of Exchange-of-Value Settlement Solutions

All too often, good infrastructure goes unnoticed. This is probably one of the reasons why few South Africans know and understand the country’s Central Securities Depository, Strate, however, without it, investors would shy away from South Africa.
Prior to the implementation of Strate in 1999, SA was categorised as one of the worst emerging markets in terms of operational and settlement risk. Trading volumes on the stock exchange were averaging 4,000 trades daily, very thin when this is compared to the 350 000 on average during a month today.

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Infographic: Strate Fast facts

From a Thomas Murray AA- rating, to Strate being ranked among the top Central Securities Depositories globally, click here to view an infographic that tells you all the fast facts that you need to know about Strate.  

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Trusted to be an Independent Provider of Custody and Settlement Services

Strate’s success lies in its independence and good corporate governance. It has continued to be a trusted and independent party in the market, which is evident by Strate offering CSD services to new stock exchanges.   At the beginning of September 2016, the Financial Services Board notified the market that it had granted ZARX and […]

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Settlement History Being Made with T+3

On Monday 11 July 2016, history was made. The JSE’s equities market, which used to run on a five business day settlement cycle for the past few decades, moved to a new three business day settlement cycle (T+3). This formed part of a project spearheaded by the JSE.

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South Africa’s new stock exchange, ZAR X, partners with Strate

In March 2016, ZAR X, South Africa’s new exchange, announced that it had been granted conditional approval from the South African Financial Services Board to operate. ZAR X’s first milestone after receiving its conditional licence was to announce its partnership with Strate.   A key factor in the relationship with Strate to date has been […]

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