A consortium of multinational companies is in the process of making an application to the Financial Services Board (FSB) to register as a licensed stock exchange. If a licence is granted to 4 Africa Exchange (4AX), it will be the second licensed exchange in South Africa, next to the JSE.
The consortium, led by Bravura, is in the process of applying for a licence to become an exchange for trading in shares of companies that are currently trading over-the-counter (OTC), shares in BBBEE schemes as well as limited participation share entities.Read More
The carbon market has a new exchange, after European Environmental Markets plc plc (EEM) yesterday announced the official launch of its new platform.
The company, which also announced it has appointed Adrian Rimmer as its new chief executive, said it would “provide businesses and financial institutions with efficient, credible trading platforms and risk management tools for environmental commodities”.
Adrian Rimmer is the former CEO of The Gold Standard Foundation.Read More
Sydney: New York: London: As part of a management buyout, Carbon Trade eXchange (CTX) Founder Wayne Sharpe has resigned as Director and Chairman of CTX Holdings Pty Ltd (CTXH) and will focus on his role as Chairman and CEO of the previous parent company Global Environmental Markets Limited (GEM) (www.gemglobal.com). Associated with the management buyout, … Continue reading New Directions for Carbon Trade Exchange and Colonial BoursesRead More
Licence granted by FSB 4 Africa Exchange (4AX) is pleased to announce it has been granted an exchange licence by the Financial Services Board (FSB) to become the next licenced exchange in South Africa – catering for companies who seek a listings alternative. Speaking on the granting of the new licence, CEO, Fay Mukaddam said: “We are … Continue reading 4 Africa Exchange becomes SA’s second licenced Stock ExchangeRead More
THE Johannesburg Stock Exchange (JSE) has withdrawn its appeal on the awarding of an exchange licence to between 4 Africa Exchange (AX), paving way for a second stock exchange in South Africa.
JSE had in September lodged an appeal with the Financial Services Board (FSB) over the awarding of the licence to 4AX but they announced on Monday the appeal had been withdrawn following “constructive engagement.”Read More
Global Environmental Markets (GEM) has joined the Carbon Pricing Leadership Coalition (CPLC), which brings together leaders from across governments, the private sector and civil society to share experience working with carbon pricing and to expand the evidence base for the most effective carbon pricing systems and policies.Read More
Today the UNFCCC and Carbon Trade eXchange (CTX) announce a collaboration to further strengthen the UN’s Climate Neutral Now initiative. The collaboration will make it possible to access UNFCCC Certified Emission Reductions (CERs) for voluntary cancellation via the CTX global voluntary carbon market exchange. This is the first example of a new partnership model that UNFCCC offers carbon market exchanges, wishing to include CERs in their portfolios.Read More