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J P Jenkins becomes part of CrowdX Group


Over the last couple of years we’ve seen a slew of proposals when it comes to capital market reform in the UK, all aimed at making London a more attractive place for primary and secondary listings now that The City can operate to its own rules, rather than being constrained by pan-European regulation.

The issue is however that progress has been sluggish, and given the underlying macroeconomic uncertainty we’re seeing right now, any hopes that 2023 would see a resurgence in IPO activity remain – at least for now – rather distant.

However there’s interesting news out this morning from a technology platform CrowdX, which has announced the acquisition of J P Jenkins, London’s oldest private capital marketplace. Investors disillusioned with the high valuations on listed assets are increasingly looking towards the unlisted sector in order to find new value opportunities. J P Jenkins will deploy CrowdX’s existing technology to enable any institution to directly access the listings.

Mike McCudden CEO of CrowdX commented:

“This acquisition comes at a critical time, not only in the growth story of CrowdX but also as the UK’s future as a capital market of choice is very much in the spotlight. Our proven technology will afford J P Jenkins clients’ access to a cutting edge venue, which any broker or institution can connect into using a standard API. This greater accessibility to an enlarged number of investment opportunities improves liquidity, generates more accurate valuations and in turn delivers a tangible boost to transparency.”

In addition to boosting accessibility for the secondary trading already offered by J P Jenkins, CrowdX tell us that the integration will also deliver a platform to facilitate the primary issuance of both debt and equity instruments.

Veronika Oswald, Commercial Director of J P Jenkins, commented:

“CrowdX have already developed some great technology and protocols which are designed to power the next generation of capital markets. We are truly excited as to what the future may hold, not only for the existing cohort of J P Jenkins members, but also when it comes to the positive impact this will have in bolstering London’s position for securities issuance and trading on a global basis.”

CrowdX is currently in advanced stages of negotiations with a number of other financial institutions who are looking to deploy its technology. This will allow them to power their own venues, improving management of investment portfolios and preserving asset valuations without needing to resort to trade sales.

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This article does not constitute investment advice. Make sure you do your own research or consult a professional advisor.

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