The UK's Matrix Group is planning to offer wealth managers secondary market access to structured products.
The firm is to provide research and a 'matched bargain' service that will offer clients opportunities to trade 'within the spread' via its brokerage service, according to David McFadyen, who will lead the business. He will be assisted by analyst Joe Maidman.
The firm said it hopes to launch with around 100 institutional products from Morgan Stanley, Société Générale, BNP Paribas, Merrill Lynch and others.
Matrix, which is expected to charge between 0.1% and 0.2% for transactions, said it hopes to suggest where there are products offering attractive returns in the sector.
Matrix itself launched five structured products between 2004 and 2006. Its five-year Ascension Plan range offered capital protection plus growth linked to the trend-following Winton Trading Strategies Fund.
The products are due to mature over the next two years.
These products appear in Recent Additions (UK).