Iress' offering prepares clients for multi-markets
To help brokers prepare for multi-market trading in Australia, Iress Market Technology has announced it will offer its Best Market Router (BMR) as part of its Operator Trader Workstation (OTW).
With Chi-X Australia given the green light by the Australian Securities and Investments Commission to start operating at the end of the month, Iress stated that the new offering is aimed at replacing brokers’ existing ASX-ITS terminal with a multi-markets compliant product.
Clients who currently have the connectivity and trading infrastructure in place to trade on the Australian Securities Exchange (ASX), and the Chi-X managed by Iress Optical Network, will be able to use OTW+BMR from November without any extra cost (for 12 months) or the need for additional technology, the company stated.
Iress stated that OTW is fully integrated within the Iress platform and leverages Iress’ order management system Iress Order System Plus.
“Clients who already rely on, and are familiar with, the Iress suite of products will find the transition much easier with OTW,” said Iress managing director Andrew Walsh.
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