Aug. 19, 2021
Canaccord Genuity, a leading independent full-service financial services firm with a footprint of offices serving clients globally, has become the latest market maker to go live on the International Property Securities Exchange (IPSX). It joins Peel Hunt and WH Ireland, playing a crucial role in dealing in securities admitted to trading on IPSX.
IPSX is the world’s first regulated securities exchange dedicated to commercial property. It serves retail, professional and institutional investors. Market makers on the exchange improve liquidity for those investors by providing ‘buy’ and ‘sell’ prices throughout the trading day.
Canaccord Genuity’s connectivity to the Fidessa trading platform has facilitated the transition.
Alex Aylen, Head of Equities at Canaccord Genuity commented: “Becoming the latest market maker on IPSX was a logical next-step for us, having been admitted as a trading member of the exchange back in March this year. We have worked well with the teams at both IPSX and Fidessa making the process swift and trouble free and we look forward to our equities team securing the first deals and going live on this innovative exchange.”
Alan Ramsay, IPSX UK Chief Executive commented: “We are pleased to welcome Canaccord Genuity as our latest market maker. We have been delighted by the response from both the property and investment communities to our unique proposition in the marketplace as the world’s only regulated dedicated property stock exchange and we are well advanced with a programme of exciting admissions in the near future that will give investors the greatest transparency on their investments and, with Canaccord’s assistance, daily liquidity – something that is becoming increasingly rare in property investment.”
IPSX Wholesale is a market exclusively for institutional and professional investors.