Ingage, a new IT platform that aims to connect companies and investors directly to ease corporate access restrictions, has announced that Newton Investment Management, Majedie Asset Management, Pelham Capital and Union Bancaire Privee have joined the platform.
The UK Financial Conduct Authority (FCA) has introduced new rules on the use of client commissions in paying for corporate access, which came into effect on June 2 2014. The Ingage platform was designed to offer cheaper and fairer corporate access while complying with the FCA guidances.
"The corporate access landscape is changing dramatically and the new FCA regulations enable the innovation which has been absent from this market for 20 years," says Michael Hufton, managing director of Ingage. "Moving forward we can see a future where investors and listed companies will use the Ingage platform to facilitate more efficient and direct access, without the involvement of a third party."
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