undercut

Kevin Brady, once head of equity trading for South African-born bank Investec Ltd, wants to compete with Africa’s biggest and oldest financial market, JSE Ltd. To do that he plans to undercut the monopoly’s fees. “Our target is to make the end-to-end cost of an equity trade between 30 to 50 percent cheaper,” Brady, 48, said by phone from Johannesburg on … [Read more...] about Trader plans price war to undercut JSE