ZAR X – A share-trading revolution and why T+0 matters

​​Additional Forum Information 

Registration: 17h45 - 18h00

Forum Start Time: 18h00

Length: 1 hour 30 minutes

Cocktails will be served after the event


About

A share-trading revolution is under way in South Africa. In the forefront is ZAR X (Pty) Ltd, the first company in more than 100 years to be awarded a stock exchange licence. ZAR X CEO and co-founder Etienne Nel is ideally placed to outline the new share-trading dynamic and the need for a state-of-the art platform that permits T+0 or same-day trade settlement, cuts settlement risks, opens the way for cell-phone driven transactions, drives down costs and brings free services to equity buyers.

The net effect is to create the pre-conditions for a much broader equity-owning democracy by making investing simpler and more affordable, especially for lower income groups that were traditionally excluded from full participation in the national economy.

ZAR X is pioneering this approach after previous work undertaken by Nel proved the viability of the core concept in the OTC (over-the-counter) market for shares linked to restricted equity schemes, notably in the BEE space.

ZAR X is not tied to historical practices and legacy systems that drive up costs and slow down transaction times. The platform is designed to give businesses a flexible, transparent and affordable way to list their shares and is well positioned to facilitate listings of restricted share schemes. It goes live in September.

Speaker

Etienne Nel is co-founder and CEO of ZAR X

Prior to the launch of ZAR X, Etienne Nel was director of Singular Systems where he conceptualized and developed the Equity Express system of OTC (over the counter) trading in BEE shares, enabling empowerment beneficiaries to realize value while permitting other BEE entities to acquire equity. This BEE share-trading marketplace respected the restrictions attached to this category of shares, thereby maintaining the black ownership status of the underlying business.

Nel entered the financial services industry in 1993 at First National Bank and subsequently held senior executive positions at HSBC Securities, Investec Securities Ltd and Barnard Jacobs Mellet Private Client Services.

He holds a B. Comm. in Investment Management from the University of Johannesburg. Nel is a member of the SA Institute of Stockbrokers, a registered securities trader.

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