Enhancing Liquidity and the User Experience

As anticipated in this economic climate, our continuous secondary market listings, accessible on our public marketplace, have experienced significant activity. The number of listings has surged from just a few to nearly 100 at times. Navigating this market can be overwhelming for users, given the abundance of duplicate offers.

Continuing our dedication to improving the marketplace’s technology and thus enhancing liquidity in the private markets, we have focused on refining the continuous market experience. This initiative aims to deliver enhanced market functionality, including improved usability, trade comparisons, and the ability to execute partial trades.

We believe this upgrade provides a much-improved experience for investors and better serves our market principles of Fairness, Transparency, Liquidity, and Simplicity.

The main features are:

Investment/Fund Centric Market

We are moving away from the current listing driven market.  Investors will no longer need to view and bid on each listing separately.  The upgrade will deliver a more traditional stock trading experience where investors will see all buy and sell orders for an investment in a single real-time market view.  Investors will be able to place their own orders in that same view with real-time updates and order matching.

Buy Orders

Investors can currently list their investments for sale but buyers cannot place purchase orders until an existing investor has offered their investment for sale.  The upgrade provides the option for investment managers to allow buyers to place purchase orders against an investment even if no shares/units are available at that time.

Multiple Order Matching

To enhance market liquidity we are improving the order-matching process so a single order for a large quantity can match against multiple orders with smaller quantities.  

Partial Order Matching

Another liquidity-focused enhancement to the order-matching process allows orders to partially match based on quantity, rather than waiting for an exact match in the marketplace. During the manager approval process, the manager controls the approval of matched trades. This phase provides an opportunity to conduct due diligence on the buyer, ensuring that successful matches align with business and investment eligibility criteria. These criteria may include minimum (or maximum) investment holdings or restrictions related to overseas investor participation.

Free trading - no brokerage fees

Syndex does not charge investors for buying or selling on the continuous secondary market, nor do we take any brokerage fees. This removes any barriers to an investor or fund manager using the market and supports our commitment to liquidity being both a necessary part of the private markets and a way in which to create deeper markets.

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This secondary market is accessible on the Syndex website. Investors login to the investor portal to buy or sell. This market works in conjunction with our investment management module. Online application forms and AML processing are all part of the investment management package.