When ZAR X settled its first trade in February this year, it was the first stock exchange transaction in South Africa to take place outside of the JSE in more than a century. With the Financial Services Board’s appeals board having dismissed
Browsing: Geoff Cook
The Financial Services Board’s appeal board has dismissed the consolidated appeals of the JSE and 4AX against the regulator’s granting of a licence to new exchange ZAR X. The judgment, handed down on Thursday
Newly licensed stock exchange ZAR X has approached the Competition Commission to investigate whether the JSE’s appeal against its licence amounts to anticompetitive behaviour. The Financial Services Board granted ZAR X a licence
Speaking after the JSE released interim results on Friday afternoon, CEO Nicky Newton-King said that the exchange is not opposed to new market entrants. This follows claims by potential new rival ZAR
The Financial Services Board (FSB) has invited public comment on an application by a company called ZAR X for an exchange licence. The JSE is currently the only licensed exchange in the country and