Prescient Securities, the stockbroker division of financial management and investment firm Prescient, recently made a significant move by becoming one of the first agency-only stockbrokers to operate on the A2X challenger stock exchange. The company announced this development on Wednesday, marking a significant milestone in their mission to provide exceptional financial services in South Africa.
Prescient Securities, a well-known financial institution, caters to institutional investors, hedge funds, and pension funds, providing a wide range of services in the South African financial market. With a significant presence across the African continent, their offerings include expert securities trading, comprehensive research, and exclusive execution-only access to global equity markets.
Prescient Securities has joined the ranks of other prominent market players such as Investec Markets, Noah Capital Markets, and Standard Bank’s SBG Securities in using the A2X platform to facilitate stock trading and related services on behalf of their clients. Since its inception in 2017, this exchange has attracted considerable attention and has successfully listed nearly 170 companies, including heavyweight corporations from various sectors listed on the Johannesburg Stock Exchange (JSE).
Prescient Securities’ decision to join the A2X platform as an agency aligns with their commitment to putting their clients’ interests first while avoiding potential conflicts of interest. This move enables their clients, who already have JSE access, to tap into a larger pool of liquidity and enjoy enhanced best execution capabilities, as well as post-trade services.
Prescient Securities CEO Chris Craddock expressed his excitement about this development, stating that the move would provide more coverage for their clients while maintaining a focus on ensuring their financial safety and becoming a preferred partner for accessing South Africa’s diverse financial markets.
The company’s commitment to excellence has not gone unnoticed, as evidenced by their recognition earlier this year in the prestigious 2023 Financial Mail Ranking the Analyst Awards for top-rated coverage of the Diversified Industrials and Forestry and Paper sectors. Furthermore, Prescient Securities has consistently ranked among the top three stockbrokers in terms of administration efficiency across a wide range of asset classes and industries.
Chris Craddock emphasised the significance of these awards, given that they compete as an independent South African stockbroker against major local and global investment banks. He further emphasized the company’s commitment to maintaining a consistent level of service that instills confidence in their clients.
Finally, Prescient Securities’ decision to join the A2X platform on an agency basis represents a strategic move to enhance their service offerings, giving their clients access to more opportunities, and reinforcing their position as the region’s leading stockbroker. As they continue to excel and compete in the financial industry, their commitment to client satisfaction and excellence distinguishes them, earning them well-deserved market recognition.
