Enhances Canadian and US Derivative Trading
TORONTO, Sept. 10, 2012 /CNW/ - IRESS is pleased to announce the release
of user defined multi-leg trading strategies through the IRESS
Multi-leg Strategy (MLS) module. The IRESS MLS enables IRESS clients,
following certification with Montreal Exchange (MX), to bring an
entirely new dimension to order execution for CDN and US derivative
order flow, significantly broadening the scope of services available to
"We're very excited to be able to provide our customers with advanced
derivatives functionality, particularly in light of the Montreal
Exchange's recently extended capability for user defined strategies on
futures and options on futures contracts," said Ricardo DaCosta,
Director of Strategy and Business Development at IRESS Canada. "This
initiative shows our dedication to providing solutions for our client's
needs as marketplaces continue to rapidly evolve."
"We're delighted that IRESS has responded so quickly to provide a
product that extends the reach of our new complex derivative product
offerings," said Claude Cyr, Senior Vice President, Financial Markets,
Montreal Exchange. "Derivative traders now have a greatly expanded
toolkit through which to create User Defined Strategies (UDS) on MX,
and we are eager to see them take full advantage of these."
With the flexibility to support increasingly complex strategies beyond
the current three user-defined legs available in Canada today, the
IRESS MLS is a powerful and flexible framework for creating customized
complex options execution strategies. Designed for ease-of-use and
seamlessly integrated with the IRESS Order Management System (OMS),
IRESS MLS continues IRESS' commitment to innovation, providing traders
with access to a sector with substantial growth potential in Canada.
The release of the IRESS MLS follows and builds on the recent release of
the IRESS Institutional OMS, which includes end-to-end order lifecycle
management, automated currency handling and execution strategies, and
enhanced compliance and market data functionality.
Support for MX user defined multi-leg strategies is available
immediately to IRESS clients. Clients wanting to utilize MLS should
contact their IRESS Account Executive to make arrangements for
For a demonstration of the IRESS Multi-leg Strategy Module, please
contact firstname.lastname@example.org or call 416-907-9218.
IRESS is a leading supplier of sophisticated solutions for financial
market participants in Canada and Internationally. Fully customizable,
IRESS integrates equities and derivatives trading, automated order
management, smart order routing, international market data, and
compliance monitoring. Designed for high performance environments,
IRESS solutions are fully managed, provide low execution latencies and
offer seamless access to specialized markets and strategy engines.
Join Canada's leading financial institutions in utilizing the most
dynamic, integrated trading application available today.
SOURCE: IRESS Canada Holdings Ltd.
For further information:
VP of Sales
Director of Strategy and Business Development