The JSE's mishaps highlight the need for increased competition - A2X CEO Kevin Brady
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Chief executive of South Africa's challenger exchange, the A2X, Kevin Brady joins the BizNews team on a day where trading has been suspended for more than five hours on the JSE. Yesterday's record volumes, where over R140bn was traded mainly as a result of the rebalancing taking place in the wake of the Naspers/Prosus share swap, was the reason for the significant delay. Kevin highlights this as one of the key reasons for the need for competition in the South African market, in order to avoid events like these being the catatrasophe it has turned out to be. Kevin blames the delay on the BDA systems in use at the local bourse, which were written more than 30 years ago. JSE aside, Kevin talks about the growth prospects and runway ahead for the A2X. Learn more about your ad choices. Visit megaphone.fm/adchoices
