4AX nears go-live

4 Africa Exchange (4AX) hosted the Financial Services Board (FSB) for the Regulator’s pre-launch onsite visit on 28 February, bringing the exchange yet another step closer to going live and concluding its first listing.

Fay Mukaddam (pictured), 4AX CEO, said:

"These procedures are necessary and important to follow. Not only does this process add another layer of protection to the market but it allows the FSB to ensure that a new player in the equities market is truly compliant - before they start trading."

Mukaddam says they are "very pleased" with the outcome of the FSB's onsite visit, which went "exceptionally well". She added that the company is continuing to follow all of the necessary steps in its preparations to ensure it ticks all the right boxes before beginning trading.