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Institutional liquidity provider Finalto has announced a Memorandum of Agreement (MOA) with A2X, a South African low-cost trading platform that provides easy access to real time price data in South Africa.
This partnership will integrate A2X's exchange technology into Finalto's trading platforms and aims to enhance market access to a diverse range of South African listed companies and ETFs via Finalto’s trading network and trading platforms for various financial entities in South Africa, including retail brokerages, asset managers, banks, and professional traders.
Neal Lawrence, A2X CTO, commented on the partnership: "We are delighted to be the chosen exchange platform in South Africa for Finalto, and we look forward to offering their client base access to a broad range of publicly listed companies and ETFs. Recent developments in South Africa have made the country an exciting destination for international investors and we look forward to seeing increased interest in the South African stock market".
Dany Mawas, Finalto CEO Africa
Dany Mawas, Finalto CEO Africa, added: "I am excited to announce this groundbreaking strategic partnership with A2X. This collaboration aims to offer to our institutional clientele swift access to a diverse selection of South African-listed products, including Stocks and ETFs."
Dany Mawas further stated: "This strategic alliance underscores our continuous commitment to delivering innovative and efficient trading solutions to the South African market and its participants. By combining A2X's cutting-edge technology with Finalto's global reach and expertise, we aim to significantly enhance market accessibility and drive growth within the South African financial sector. I'm looking forward to the exciting opportunities this amazing partnership will bring us, as we continue to invest resources in Africa."
The partnership reflects both companies' focus on providing advanced trading solutions and technology in emerging markets. Finalto emphasises its commitment to innovating prime of prime trading through its proprietary trading technology.
This collaboration comes at a time when South Africa is seeing increased interest from international investors, potentially signalling growing opportunities in the country's financial markets. The partnership between Finalto and A2X may contribute to the further development and accessibility of these markets for both local and international institutional clients.
