Research, commentary and perspectives on private markets and liquidity
Explore analysis and thought leadership on the evolving private market landscape. Our insights cover liquidity, alternative market infrastructure and emerging investment trends shaping the future of capital.
Completes Secondary Liquidity Event for E&P Financial Group Limited
E&P Financial Group shareholders gained access to structured secondary liquidity through a transaction completed on 21 April 2026 via FCX. Strongly supported by existing sophisticated investors, the deal offered E&P shareholders a transparent, compliant exit mechanism within Australia's only fully regulated alternative market.
Where to for CHESS?
Australia's ageing CHESS infrastructure risks falling behind global markets as tokenisation and real-time settlement reshape finance worldwide. A dual-track approach, running next-generation DLT-based infrastructure alongside CHESS, could unlock up to $24 billion in annual economic gains and keep Australian markets competitive on the world stage.
How Auction Markets Work for Private Companies and Funds
Auction markets bring public-market price discovery to private-market transactions. FCX explains how auction markets work, how they differ from tender structures, and why running a secondary transaction through a licensed, regulated venue matters for Issuers, shareholders, and future investors alike, ensuring transparency and efficiency.
Liquidity Unlocked: Evolving with Alternative Markets
More companies are choosing to stay private for longer, and the broader market is beginning to respond. Secondary transaction volumes are surging globally and in Australia. Liquidity is no longer something founders wait on an IPO to unlock. It is becoming a deliberate, strategic tool used throughout a company's entire life.