Hedge fund trading exchange opens.

HedgeWorld, an online community, e-commerce and content provider for the global hedge fund industry, has launched an online trading facility for hedge funds based outside the US.

HedgeWorld, an online community, e-commerce and content provider for

the global hedge fund industry, has launched an online trading facility

for hedge funds based outside the US.



The HedgeTrust Exchange (HTX) is available through HedgeWorld’s web site,

launched in September 1999 (www.hedgeworld.com).



HTX, which is a partnership between HedgeWorld and the Bermuda Stock

Exchange, enables investors to place orders to buy and sell hedge funds, a

form of high-risk investment for high net worth individuals. After an

order is placed, HTX will match it with a corresponding buy or sell

order.



The transactions can either be confidential or recorded anonymously in

HedgeWorld’s market news section.



”HTX is significant because it is the first secure online hedge fund

trading facility to have a strategic partnership with a regulated

exchange, which provides buyers and sellers with the usual protection such

a relationship offers,” said Kim Lemmonds Henry, director of marketing and

business development at HedgeWorld.



The Bermuda Stock Exchange is a member of the International Federation of

Stock Exchanges.



HedgeWorld is promoting HTX by reducing all its normal commission rates by

50 per cent for the first three months after launch.



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