Are you looking to
Launch a new fund with regular liquidity events to attract a broader investor base?
Provide unitholders with redemptions during ‘lock up’ periods?
Attract new investors by reducing minimum investment sizes (through FCX tokenisation)?
Manage a typically illiquid asset class in an innovative way?
Increase elements of your corporate governance and suitability of your funds for HNWs, via a liquidity option?
Avoid the administrative burden of redemption requests with alternative liquidity solutions on FCX. Fund managers can create controlled liquidity events on the FCX platform to allow unitholders to trade units within ASIC and the RBA regulatory frameworks.
Run controlled liquidity events, seamlessly
Australia’s only licensed financial market for wholesale unlisted funds
- Create internal liquidity events, giving investors an alternative to redemptions
- Set time and price ranges for limited trading events at maximum executable volume
- Data room and investor tools built into the same platform for easier communication and transparency
- Director, stakeholder, investor, and board level confidence via our ASIC and RBA licensed environment
- Run tenders within a controlled environment and have the final say over new investor allocations
- Attract new investors, via extensive buy-side networks
Liquidity Solutions
Tender Market
Fund managers can configure Tender events as a fixed or multi-price transaction. Pricing and allocations are controlled by the Fund Manager. The FCX licencing capabilities ensure orders placed in a Tender are binding subject to allocations. Rely on FCX’s highly experienced team, to ensure your transaction runs smoothly, attracts adequate buy-side interest and adheres to FCX’s Market Licence rules and processes.
Auction Market
The FCX Market is fair, efficient and transparent periodic trading solution, enabling fund managers to provide periodic, controlled liquidity. The FCX Market offers a two-business day window for live trading. Following the liquidity window, the FCX Market algorithm solves for the maximum executable volume at a single price and offers funds price discovery based at or around NAV.
FAQs
FCX is designed for mid- to large- sized wholesale unlisted funds that want to run controlled transactions. It eases the burden of unitholder and document administration, compliance and more.
FCX tokenises assets using distributed ledger technology (DLT) for instant, direct and immutable transactions. See more on our Technology page.
FCX holds a first-of-its-kind Australian Market Licence (Tier 2) granted by ASIC, which:
- Authorises the holder to operate a licensed financial market in Australia, for unlisted companies and funds
- Is specifically designed for markets that operate on a non-continuous basis, meaning transactions are discrete, event-driven liquidity events
FCX also holds a Clearing and Settlement Facility Licence granted by the RBA which:
- Authorises the holder to operate a facility that clears and settles financial transactions in Australia
- Marks the first time in Australia that a licensed alternative to the ASX has existed for clearing and settlement, and it has been built specifically for the FCX private market
This makes FCX the first fully-regulated platform for facilitating private market secondary transactions.
See our Licences page for further information.
FCX is 100% owned by FinClear, Australia’s leading independent technology and infrastructure provider for financial markets.
No. FCX works with registry providers to hold the register for the period of the transaction, updates it and passes it back to the registry provider following the transaction.