Ausiex has announced it will acquire fixed-income investment firm FIIG by the end of June as part of its plans to meet the wider needs of share traders, financial advisers and investors.
The deal was revealed today by Ausiex parent company Nomura Research Institute (NRI), which stated it had entered into an agreement with FIIG Holdings Limited, the holding company of FIIG Securities Limited, to acquire 100 per cent of its shares and make it a wholly owned subsidiary of Ausiex by the end of June 2025.
Ausiex currently provides execution, clearing and settlement of domestic and international cash equities, exchange-traded options and portfolio administration services, while FIIG provides investors with direct access to bond markets, term deposits and cash solutions.
Ausiex chief executive Patrick Salis said the company’s range of products and services would be extended beyond exchange-traded instruments listed on the Australian Securities Exchange (ASX) and CBOE to include over-the-counter domestic and international fixed-income products via the FIIG platform.
“It will provide local institutions, financial advisers, family offices, SMSFs and high net worth individuals with the most comprehensive investment trading and portfolio administration platform offering in the country,” Salis stated.
“FIIG has over 6000 clients and we are pleased to extend the Ausiex vision to each of those clients of being a trusted partner behind every trade and transaction.”
He added the company aimed to bring fixed-income investing to all Australians via greater education and access and wanted to make trading bonds as easy as trading shares on the ASX.
“This development is another sign of Ausiex’s progress towards our long-term plan to become a market utility platform leveraging NRI’s scale and intellectual property,” he said.
FIIG chief executive Alex Welch added: “This acquisition brings together two culturally and commercially aligned businesses with highly complementary strengths.
“It marks an exciting step forward in our ambitions to make bonds accessible to Australian investors while continuing to enhance the services we deliver to our clients with even greater capabilities.”