XPS Group has launched XPS Xchange, a service designed to facilitate illiquid asset trade on the secondary market.
XPS Xchange employs a three-pillar method, allowing trustees to find buyers and sellers through brokers, secondary fund managers, and other buyers rather than relying primarily on brokers.
According to XPS, the strategy has the potential to raise the value of illiquid asset deals by up to 20 per cent while saving more than £500,000 in transaction expenses on a typical £100 million trade.
XPS highlights that over the past 20 years, the secondary market for trading illiquid assets has grown from £6bn to £100bn annually.
XPS Group partner André Kerr says: “The illiquid asset market has grown exponentially over the last twenty years, but traditional transaction methods have often left clients with limited options.
“XPS Xchange was developed to improve outcomes around governance, value and timings. Our new approach provides buyers and sellers the widest possible range of options, empowering them to make informed decisions and achieve the best possible outcomes.”
