SmartHub to cut trading costs and risk
A new cloud-based solution will reduce operational risks associated with financial trades, while creating efficiency savings, financial services IT provider, IRESS claims.
IRESS head of trading solutions, Ben Jefferys, said the SmartHub solution would facilitate financial transactions delivering cost and performance benefits for traders, stockbrokers, fund managers, or middle and back office staff.
The service will give Australian brokers the ability to connect with international counterparties and enable "seamless trading across global markets", the company claims.
"In the global financial market where companies are coming under increasing cost pressures while suffering from an ever increasingly competitive market, enabling trade in a range of regions at a cost effective level is crucial to opening the door to client and revenue growth," he said.
"IRESS has been connecting market participants for over 10 years using a variety of messaging protocols, and SmartHub is the evolution of both technology and service.
"By taking care of every aspect of the technology related to sending or receiving transactions with their counterparties, this enhanced offering will reduce operational risk for firms, bring important efficiency savings, and underpin the business growth of our clients."
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