The ZAR X trading platform allows users to trade by calling a broker, trade online or trade using your mobile phone. ZAR X trade is real time which means once you click the button the transaction is concluded as it runs on a pre-funded model.
Zero safe custody fees afford people in the unbanked sector the opportunity to grow their investment base in a cost effective manner. You only pay fees when you actually transact. The thinking behind this pricing model is that there is only a cost in the event that an investor wishes to transact which would imply that some amount of effort was involved in concluding the transaction from a regulatory certainty point of view as well as settlement and clearing.
Our market is transparent for all stakeholders to have access to market information in a cost effective manner.
Simplicity is at the core of our product offering to both investors and issuers.
No high frequency trading, derivatives or short selling is allowed. ZAR X has deliberately structured its fees in such a manner to encourage investing rather than trading.
The settlement model that ZAR X has adopted is Delivery Versus Payment (DVP) which reduces settlement cost and risk as well as systemic risk.
First exchange in Africa on T+0 settlement cycle.