IND-X, the execution and commission management platform, is pleased to announce that it has recently completed the purchase of Enzard Limited, Asia’s leading independent research marketing and support provider. This deal will enable IND-X, as part of Leading Asia (a 100% subsidiary of Leading Investment and Securities Ltd - one of the most innovative financial companies in South Korea), to expand its product offering and services to become one of the foremost independent research, execution and commission share platforms globally.
IND-X has seen demand for its execution platform and commission management platform (PORT) grow rapidly since its inception in 2007, and the additional products, services and expertise provided by Enzard, coupled with the full backing of Leading, now allows IND-X to provide a significantly enhanced product suite for its clients and to become the industry’s de facto standard provider of independent research and related execution services.
The Commission Share space continues to see growing interest as does the provision of quality, incisive research from independent and alternative product providers. The newly enlarged IND-X is uniquely positioned to assist in the seamless execution of unbundling policies and exploit the efficient and timely development potential of quality research products and payments mechanisms of such services.
IND-X, now with offices in Hong Kong, London and New York, will be led by Richard Wallace, Enzard’s CEO, who brings a wealth of research experience to the business to complement the existing execution and commission management products.
Richard Wallace comments: “To unite two teams of professionals of such calibre and passion marks an exciting step forward in the development of the optimum platform for providing our investment clients access to top quality independent investment research services and simple and efficient mechanisms for paying for them.”
Peter Twist, Chief Executive Officer of IND-X Securities Limited comments; “To bring access to such an impressive array of research content and marketing services and, with the continued support of Leading, to be able to continue to develop our model in these testing times, shows an important vote of confidence in our strategy and marks a very exciting juncture for the new IND-X product.”
Cheul Park, Chairman and CEO of Leading, commented that "As one of the most globally focused Investment & Securities houses in Korea, Leading is delighted to be continuing to invest in a growing sector of the market. The growth aspirations and enhancements to the product offerings of the combined IND-X and Enzard businesses are fully aligned with Leading’s strategy for expanding its international network”.