Complii to supply PrimaryMarkets with ‘trading hub’
ASX-listed financial technology developer Complii has secured a first-of-its-kind agreement to supply its proprietary trading hub to its subsidiary PrimaryMarkets, a leading trading platform for unlisted companies.
Complii FinTech Solutions said the new agreement marks a significant milestone for its subsidiary PrimaryMarkets, providing an alternative liquidity solution to unit holders in the Dexus Wholesale Australian Property Fund (DWAPF), which it hosts on its platform.
The trading hub enables unit holders to sell their holdings to accredited investors, financial advisers, and institutional investors registered on the PrimaryMarkets platform.
The DWAPF is a $2 billion open-ended fund invested, Dexus says, in a “diverse portfolio of quality Australian office, retail and industrial properties”, available to advisers, direct and wholesale investors.
PrimaryMarkets executive chair Jamie Green said the agreement to sup may be “the first of what could be a significant new market for our platform”.
Alison Sarich, Complii managing director said the new trading hub would offer extra investment opportunities for its base of brokers and advisers.
“Such opportunities can be expanded to the whole Complii Group, leveraging the strength of our unique ecosystem.”
PrimaryMarkets, which specialises in unlisted equities investments, was founded in 2016 and acquired by the Complii Group in 2021.
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