IRESS Integrates Markit’s TCA Offering
The agreement is to provide a seamless integration of Markit’s TCA from the IRESS Order System (IOS+). Financial institutions, on both the buy and sell side, will be able to access Markit’s analytics to help provide trading insights designed to reduce trading costs and source liquidity.
IRESS clients will also be able to utilise Markit’s sophisticated pre trade module to forecast market impact and expected costs to implement trading positions.
Kirsty Gross, IRESS Managing Director for Australia and NZ, said: “We continue to see demand from IRESS clients for tools to assist them navigate through an increasingly complex market. Following a review of the market, IRESS is excited to announce this collaboration with Markit and I believe their leading pre and post trade analytics, supported by independent expertise will deliver tangible trading efficiencies to IRESS clients.”
Brad Hunt, managing director and head of Information in Asia Pacific at Markit, said: “As trading becomes more automated and liquidity fragmented, investors need increasingly granular tools to optimise their trading decisions. The integration of Markit’s TCA tools with IRESS trading solutions will allow traders to act on Markit’s insights at the point of trade to manage the impact of their trading activity. The integration also facilitates the automated capture of post trade execution data, enabling IRESS clients to have full access to Markit’s post trade TCA capabilities with minimal technology effort.”