Brand-safe, mobile programmatic exchange, Australian Premium Exchange (APEX) has announced it is live and operational at an exclusive event in Sydney.

A joint venture between Fairfax Media and Mi9, APEX offers premium mobile inventory that comprises mobile properties owned and operated by Fairfax and Mi9, in addition to third party publishers such as Daily Mail Australia. Other publishers will be invited to join in the future.

APEX offers media buyers premium mobile inventory and the efficiency of real time bidding (RTB) across an unprecedented volume of quality inventory from more than 120 well known, locally created mobile sites and apps. Offering a brand safe environment, advertising will only run alongside top-tier premium content.

APEX Advertising CEO Pippa Leary said: “APEX is Australia’s only publisher coalition where advertisers can reach audiences programmatically in real time, in brand safe mobile environments. It gives advertisers the scale and efficiencies of an open exchange with the safety of a private exchange.

“The Australian programmatic market is forecast to grow to $1.4 billion by 2018*. The opportunity for advertisers to target mobile audiences through premium local content, produced by local publishers, we anticipate will drive further growth.”

Alex Parsons, Mi9 managing director and chairman of the APEX joint venture, said: “This is the first publisher-led, large-scale mobile programmatic opportunity in Australia. APEX provides Australian agencies and marketers with a truly scalable alternative and guarantees a brand-safe, premium environment with inventory they know and trust. We are excited about the launch of this innovative, market leading venture.”

Fairfax Media commercial and marketing services director Tom Armstrong said: “This model has proven effective in Europe and we are very excited to be leading this innovation in Australia. With smartphone audiences continuing to grow, APEX allows us to offer advertisers a new means of efficiently accessing premium publisher audiences at scale.”

AppNexus president Michael Rubenstein said: “Publishers need strong, independent coalitions and technology platforms that empower them to monetise their content.  This is particularly true of mobile inventory, which is projected to grow as a share of the already-growing programmatic market. AppNexus is excited to partner with APEX in helping Australian publishers thrive and win in the hyper-competitive online advertising landscape.”