CI Financial Inc. has increased its ownership position in Perimeter Financial Corp. in two separate recent transactions. As a result of these purchases, CI now holds a 5.8% equity position in Perimeter, the company announced Tuesday.

“We share Perimeter’s vision that technology can improve the efficiency of the financial services industry,” said CI CEO Bill Holland. “Perimeter has the expertise, the networks and the people to continue to build true alternatives to conventional practices. We have invested to share in its growth.”

Terms of the acquisition were not disclosed.

Perimeter Financial Corp. develops technology solutions for the financial services industry, including institutional investors and investment dealers. Its wholly-owned dealer subsidiary Perimeter Markets Inc. operates two online marketplaces — BlockBook for the Canadian equity block market, and CBID for Canadian fixed-income and futures markets. It also provides a suite of service offerings in asset management, record-keeping and reporting.