GREX partners with Orbis as its settlement agent and custodian

Last Updated: Wed, Oct 07, 2015 22:10 hrs

GREX Alternative Investments Market on Wednesday announced that it has formally signed an agreement to entrust Orbis Financial Corporation Limited as the transaction settlement partner for the capital raise transactions that will be done through the platform.

GREX has built a seamlessly integrated exchange-like platform and its associated ecosystem of participants, to bring together private eligible investors and high growth unlisted companies for information exchange and securities transactions, a company statement said. Speaking on this development, Sanjay Nishank, Director and Co-founder, GREX, said, Im very happy that we could build this mechanism at the very early stages of GREX being operational. This will ensure that there is arms length relationship to the logical transaction and the actual management of valuables. GREX always believed in bringing forth the best practices in finance to the benefit of its stakeholders and market participants. We strongly believe that this arrangement will foster more trust and confidence amongst investors as they transact on this platform. We will continue this endeavour to imbibe more such offerings as we go along the way. Jayakumar S Babu, CEO, Orbis, said, Orbis is very happy to partner with GREX in its initiative to make the private placement transactions more seamless and efficient at the same time offering the safety and comfort in the process of settlement. This arrangement helps both Orbis and GREX to focus on their core function and play to our strengths. We will continue to work with GREX to develop and improve mutual processes such that they adhere to the global best standards in finance. As part of the agreement between GREX and Orbis, while GREX is the principal platform for all information and also has seamless transaction features, the money and securities will be handled by Orbis.