A simple platform is admittedly a vital starting point for any operator who is looking to bring together buyers and sellers of whatever asset. Markets, venues, hubs, portals - whichever term is applied, the underlying principle is the same, as willing counterparties need to know others like them exist, but without a robust supporting infrastructure, casual arrangements certainly aren’t fit for purpose when it comes to buying and selling securities - regardless of the size of the transaction.

That’s why JP Jenkins has been working hard in recent years to ensure that their own systems and processes now integrate fully and directly with the underlying public market infrastructure. The key catalyst here was the acquisition of JP Jenkins by FinTech company InfinitX, as without the technical integration you’re left with just a very inefficient bulletin board - and price discovery that will have a lot of potential for improvement.

That integration with the wider public market infrastructure now works equally well for both our legacy matched bargain venue and also the new JP Jenkins Private market, which was the first venue to successfully host a PISCES liquidity event.

What’s more, the application of a level playing field, a degree of standardised reporting and in turn a structure that enables investors to undertake due diligence is far easier to achieve with a formalised framework or infrastructure. Those like JP Jenkins who adopt this approach are increasingly gaining the attention of market participants who want to work with trusted partners to offer a well governed route to liquidity. We’re becoming very much a part of the secondary market landscape.

Again, that perception of what differentiates a public market from a modern private one becomes increasingly blurred. Whilst the less onerous reporting structure, the involvement of fewer third parties on a mandatory basis and the ability to internalise more parts of the process keeps the overall cost of maintaining a listing in check, the accessibility, efficiency of price discovery, settlement and governance aspects remain closely aligned. Principles that are enshrined with our mission to put the needs of our customers and their investors ahead of us as the venue operator.

Mike McCudden, CEO, JP Jenkins

Article 2 of 6.