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FRNT Financial Inc
Symbol FRNT
Shares Issued 35,117,329
Close 2024-02-13 C$ 0.50
Market Cap C$ 17,558,665
Recent Sedar Documents

FRNT Financial hires market-maker ICP Securities

2024-02-13 17:32 ET - News Release

Mr. Stephane Ouellette reports

FRNT ENGAGES ICP SECURITIES INC. FOR AUTOMATED MARKET MAKING SERVICES

FRNT Financial Inc. has engaged the services of ICP Securities Inc. to provide automated market-making services, including use of its proprietary algorithm, ICP Premium, in compliance with the policies and guidelines of the TSX Venture Exchange and other applicable legislation.

ICP will receive a fee of $7,500 plus applicable taxes per month, payable monthly in advance. The agreement between the company and ICP is for an initial term of four months and shall be automatically renewed for subsequent one-month terms unless either party provides at least 30 days written notice prior to the end of the initial term or an additional term, as applicable. There are no performance factors contained in the agreement and no stock options or other compensation are being granted in connection with the engagement. ICP and its clients may acquire an interest in the securities of the company in the future.

ICP is an arm's-length party to the company. ICP's market-making activity will be primarily to correct temporary imbalances in the supply and demand of the company's shares. ICP will be responsible for the costs it incurs in buying and selling the company's shares, and no third party will be providing funds or securities for the market-making activities.

ICP Securities

ICP Securities is a Toronto-based Canadian Investment Regulatory Organization (CIRO) dealer-member that specializes in automated market-making and liquidity provision, as well as having a proprietary market-making algorithm, ICP Premium, that enhances liquidity and quote health. Established in 2023, with a focus on market structure, execution and trading, ICP has leveraged its own proprietary technology to deliver high-quality liquidity provision and execution services to a broad array of public issuers and institutional investors.

About FRNT Financial Inc.

FRNT is an institutional capital markets and advisory platform focused on digital assets. FRNT, through a technology-forward and compliant operation, aims to bridge the worlds of traditional and Web-based finance. Partnering with both financial institutions and crypto-native firms, FRNT operates distinct business lines under the umbrellas of capital markets services and advisory services. Capital markets services consist of deliverable services, treasury management, OTC derivatives and lending origination. Advisory services include merchant banking, asset management, consulting and distressed. Co-founded in 2018 by chief executive officer Stephane Ouellette, FRNT is a global firm headquartered in Toronto, Canada.

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