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
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
HedgeWorld is promoting HTX by reducing all its normal commission rates by
50 per cent for the first three months after launch.