Global market data trading and analytics company Infront has added local stock exchange A2X Markets to its platform that allows traders to compare the financial information of exchanges across the globe.
Infront is a provider and aggregator of global financial market data. The Oslo-headquartered company sources trading-related information, such as global market data, news, trade prices, bidding and offer information, and displays it in real-time on its Infront Professional Terminal.
The analytics company provides information on more than 80 exchanges in over 50 countries around the globe, including the Johannesburg Stock Exchange (JSE), Nasdaq, New York Stock Exchange, Dow Jones and S&P.
Founded in 2014 by a group of funding shareholders with experience in financial markets, A2X competes directly with the JSE and provides an alternative platform for companies to secondary list and trade their shares.
The Infront move will enable the stock exchange’s brokers to easily access financial information, work more efficiently and make informed decisions.
“We are delighted to welcome A2X to our platform,” says Renier Linde, MD of Infront.
The addition of A2X Markets now gives brokers the opportunity to get better clarity on prices and volatility when they look at our consolidated order book. Price discovery now conveniently happens in one easy to use window.”
A2X has 32 securities available for trade, with a combined market capitalisation of about R2 trillion. Its listed companies include Huge Group, Naspers, Standard Bank, Sygnia and Mr Price.
Kevin Brady, CEO of A2X, comments: “This is an important development for A2X as well as the South African marketplace. The dissemination of accurate, low-latency real-time data is a vital ingredient for the efficient functioning of a market and as an exchange.
“Since the introduction of competition, a little more than two years ago, one of the major challenges that brokers have faced is that their infrastructure was geared for a single exchange environment. With a consolidated order book now made available in the Infront Professional Terminal, brokers can easily see the best price across both markets and achieve best execution for their clients.”
Infront says its platform uses a virtual machine to access the A2X data centre, and then securely streams data to the Infront Professional Terminal.
A2X CTO Neal Lawrence adds: “Infront partnered with Echo Service Provider, an independent integrator of advanced network and cloud computing services, which were able to provide the virtualised environment and connectivity required for Infront to receive A2X market data and within a very aggressive timeframe.”
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