The IPSX Markets
IPSX operates two markets
IPSX Prime, which is a Regulated Market, and IPSX Wholesale, a Multilateral Trading Facility (MTF).
IPSX Prime admits to trading issuers owning underlying single commercial real estate assets or multiple assets with a sufficient degree of commonality.
In turn, IPSX Wholesale is exclusively for institutional investors. Accordingly, whilst IPSX Wholesale issuers share the same broad features of IPSX Prime issuers, the types of issuers eligible for admission could include more complex ownership structures, more complex legal arrangements, or more unusual tenancy arrangements. This could include trading JV REITs.