Wholesale trading platform AUSIEX will acquire fixed income trading business FIIG.
Nomura Research Institute the owner of AUSIEX, said its subsidiary in Australia has entered into an agreement with FIIG Holdings Limited to acquire 100% of FIIG’s issued shares and commence the process of making it a wholly owned subsidiary of AUSIEX by the end of June 2025.
AUSIEX joined the NRI Group in May 2021 and provides a wholesale trading platform and outsourced service for execution, clearing and settlement of domestic and international cash equities, and exchange traded options as well as portfolio administration.
FIIG is Australia’s largest specialist fixed income provider with over $4.5 billion of funds under advice and provides investors with direct access to bond markets and a range of term deposits and other cash solutions.
AUSIEX CEO Patrick Salis says the transaction “will allow the AUSIEX business to expand its range of products and services to meet the wider needs of traders, advisers and investors.
"With this move, AUSIEX expands beyond exchange traded instruments listed on ASX & CBOE, to now also include over the counter (OTC) domestic and international fixed income products via the FIIG platform.”