Iress upgrades software to support multi-market shift
Iress Market Technology (Iress) is set to upgrade its product range to support the anticipated move to multi-markets.
The upgrades confirms Iress OTW and BMR as multi-market replacements to the single destination ASX-ITS terminal, Iress stated.
Iress’ announcement precedes the anticipated launch of Chi-X in October, which Iress said will help to build confidence and enable the transition to venue competition.
The upgrades to Iress version 1.04 will provide the new feature Liquidity View at no charge, Iress stated.
“Iress 1.04 and Liquidity View means market data and liquidity analysis is available for clients to test and integrate into their own systems, well ahead of multi-markets go-live,” said Iress general manager of products, sales and marketing, Kirsty Gross.
“The range of Iress products incorporate deep multi-market support, ready for day one of venue competition.”
Liquidity View will update trade data across different markets in real time to produce “intra-day breakdowns” of live trading volumes. This will provide stockbrokers and fund managers with a better insight into the Australian market structure as it fragments following the introduction of new venues later this year, said Gross.
Recommended for you
Licensee Centrepoint Alliance has completed the acquisition of Brighter Super’s annual review service advice book, via Financial Advice Matters.
ASIC has launched court proceedings against the responsible entity of three managed investment schemes with around 600 retail investors.
There is a gap in the market for Australian advisers to help individuals with succession planning as the country has been noted by Capital Group for being overly “hands off” around inheritances.
ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager.
