IND-X

IND-X provides an order taking hub for independent research providers, including Japaninvest. Clients benefit from a confidential and convenient way to pay their research relationships, with no compromise on Best Execution. IND-X has offices in London and Hong Kong, and an experienced team of traders monitor all inbound order flow live time. Trades come into IND-X via FIX and are routed out on an anonymous basis to a panel of 10 executing brokers, including dark pool sweeping if requested. This anonymity aids execution quality as executing brokers do not have access to the usual information about likely client order size or trading strategies. Execution broker quality is independently monitored by ITG on a quarterly basis**, in order to provide IND-X customers with MiFID compliant best execution reports. Settlement is outsourced to NASDAQ listed Penson Investor Services, under a Model B agreement. IND-X is backed by the considerable financial resources of Korea's Leading Securities.  Japaninvest Group plc owns a significant minority stake in IND-X. The business independently managed for reasons of client confidentiality.

**For more information on IND-X, including access requests for the latest TCA report please visit the IND-X website via the link on the home page.