Property Investment Market attracts tradition

The Property Investment Market (TPIM), the world’s first property exchange, has today announced a new agreement with Tradition Financial Services Ltd (TFS), one of the world’s largest brokers of financial products.

The exclusive deal with TFS’s property derivatives arm will see the two companies working together on joint marketing and other activities with the aim of growing their respective businesses.

The deal between TFS and TPIM will enable the companies to complement their respective positions in the residential property market, with TPIM’s exchange function in actual real estate assets and TFS’s intermediation of property derivatives.

The deal will see the companies working together on sales and promotional activities as well as having a presence on each other’s websites, enabling customers to access information on both companies and their investment opportunities from either site.

Stephen Kenny, chief executive of TPIM, said: “We share a desire to increase participation in property investment through innovation and new opportunities for investment. This deal enables us to benefit from Tradition’s vast experience in financial products and bring that to bear on the future of the property market, helping both sides to expand our customer growth.”

Peter Sceats, of Tradition said: “We are delighted to have concluded co-operation terms with TPIM whose role in the housing market compliments our own activities in residential derivatives. We value the potential of the residential sector in the growth of the property derivatives market. Our forward curve in HPI (House Price Indices) swaps now extends to 2037 and the Future House Price (FHP) Indices we launched in January 2007 have attracted much industry attention. This agreement places TFS and TPIM is a position to exploit the relationship between the derivative and the physical asset on behalf of both sets of customers. ”

The Property Investment Market provides investors with the opportunity to buy and sell shares in residential property through its website tpimarket.com.

TFS Property is the only property derivative broker fully active in both commercial and residential sectors in both London and New York that also has a UK based risk management consultancy function supplying educational, data and risk management setup advice to property companies and property funds.