Variation of Permission – Matched Principal Broker
Chiliogon Partners LLP is pleased to announce that it has obtained the FSA permission to become a Matched Principal Broker as of 30th September 2008. Our purpose for seeking this variation of matched principal broking was to be able to arrange a securities transaction between two or more counterparties on a fully matched basis. By way of background, these matched transactions arise naturally out of our corporate finance advisory business, when as the case is now, purchasers of new issue shares seek liquidity by selling those secondary shares to other investors. As the companies that we advise have tended to be smaller capitalisation private companies that do not benefit from large listed market liquidity in their shares, having the capacity to place secondary offerings is a real value added service to our clients.