IRESS Providing Rich Support For Multi-Markets
This month IRESS makes available upgrades to its product range to support the transition to multi-markets,
with the anticipated launch of Chi-X in October.
This follows successful conformance and acceptance by Chi-X of IRESS systems earlier this week, an important step in building confidence and enabling the transition to venue competition. This important
milestone confirms availability of IRESS OTW + BMR as a multi-market replacement to the single destination ASX ITS terminal.
IRESS market data desktop upgrade to version 1.04 will allow brokers, traders and portfolio managers to monitor real-time and historical volume across all venues in Australia, and will provide the new feature –
Liquidity View at no charge.
“IRESS allows users to view the market as one, despite its fragmentation,” said Kirsty Gross, IRESS General Manager – Product Sales Marketing “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. The range of IRESS products incorporate deep multi-market support, ready for day one of venue competition.”
Ms Gross said that Liquidity View which will be part of each user’s IRESS upgrade, will provide direct insight into the Australian market structure as it fragments following the introduction of new venues later this year.
Like all aspects of the IRESS professional desktop, Liquidity View updates trade data in real time to produce intra-day breakdowns of live trading volumes. It also allows users to analyse historical volume and trading characteristics per venue, timeframe and security.
Ms Gross said the volume analytics sit beneath a consolidated screen for each security across the different markets. “Liquidity View is a tool that has been specifically designed to help brokers and fund managers understand the dynamics of fragmentation as it relates to their own execution and transaction analysis in the new world of venue competition in Australia.”