Australian Investment Exchange (AUSIEX) has completed its acquisition of fixed-income provider FIIG Holdings (FIIG), with the latter now a subsidiary of the share trading platform, according to parent company Nomura Research Institute (NRI).
NRI said the purchase of FIIG was completed on 3 June and brings its $5 billion in funds under advice, as well as its access to bond markets and range of term deposits and cash solutions, under the AUSIEX brand.
Following the transaction, AUSIEX will expand the range of products and services offered to institutions, family offices, financial advisers, and high net worth and wholesale investors, according to NRI, which added it would also develop new services and partnerships with external vendors.
AUSIEX chief executive Patrick Salis said the transaction expands its scope beyond exchange-traded instruments listed on the Australian Securities Exchange and Cboe to include over-the-counter domestic and international fixed-income products via FIIG’s investment platform.
“It will provide local institutions, financial advisers, family offices, SMSF and high net worth individuals with one of the most comprehensive investments trading and portfolio administration platform offering in the country,” Salis said.
“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.
“We now look forward to discussing with market participants on how to grow the FIIG offering further through our leading trading platform.”
