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
ASIC commissioner Alan Kirkland has detailed the regulator’s intentions to conduct surveillance on licensees and advisers who are recommending managed accounts, noting a review is “warranted and timely” given the sector’s growth.
AMP and HUB24 have shared the areas where they are seeking future adviser growth, with HUB24 targeting adding more than 2,000 advisers to the platform.
Bravura Solutions has appointed a new chair and deputy chair to take over from departing Matthew Quinn, while Shezad Okhai picks up another responsibility.
Two advisers say M&A is becoming a “contact sport” as competition heats up to acquire attractive advice firms, while a lack of new entrants creates roadblocks in organic growth opportunities.
