A stock exchange is an organized market for buying and selling corporate and other securities. Here, securities are purchased and sold as per certain well-defined rules and regulations.

Trading on the markets of ZAR X may be performed only by authorised Market Participants (Brokers).

Investment firms, Banks and existing members of the JSE cash markets can become Market Participant. More details on membership are in the documents below.

1. Complete All Application Forms Below

Download Application Kit Rules and Procedures

Send the completed application form to markets@zarx.co.za

14 days

2. ZAR X Completeness Check and Review

ZAR X to review application form with all attachments and will provide comment to Market Participant for clarification required.

7 days

3. Application at ZAR X Markets Participant Committee

The ZAR X Broker Committee meets on a weekly basis.

4. ZAR X Go or No-Go Communication

The new Markets department communicate a Go-no-Go decision one week post Market.

7 days

5. Onboarding Process Commences

Depending on technology interfacing requirement the onboarding takes between 8 and 12 weeks.

7 days

6. Process Complete. Receive Confirmation from ZAR X

Depending on technology interfacing requirement the onboarding takes between 8 and 12 weeks.