TORONTO, March 10, 2015 /CNW/ - IRESS, the leading supplier of financial markets, wealth and mortgage management systems, today announces the global launch of SmartHub. SmartHub is a trade messaging hub designed to connect financial market participants locally and across the globe, covering FIX and other trading communities.
SmartHub, which launches globally at today's EMEA FIX Trading Community conference in London, leverages IRESS technology, creating an enhanced offering which dramatically reduces financial services firms' point to point connections and IT footprints across message protocols, bringing down costs and driving efficiency savings while retaining low latency requirements.
The IRESS SmartHub uses cloud-based technology to facilitate financial transactions among market participants, whether buy-side or sell-side, delivering cost and performance benefits for traders, stockbrokers, fund managers, or middle and back office staff. SmartHub supports various protocols enabling message flow covering pre-trade, trade and post-trade functionalities. It provides immediate benefits to existing IRESS clients, giving them enhanced functionality, reach and options to connect globally.
SmartHub has a global footprint and supports multiple asset classes, with 24 hour support during the business week. It provides IRESS' extensive buy-side community with access to over 500 sell-side counterparties globally, either directly or via seamless connection with all major partner networks.
Industry leading service and support from a dedicated team is standard and a key differentiator post implementation. IRESS offers the delivery of a fully outsourced service, ensuring optimum efficiency and monitoring of transactional activity.
Glenn Wilson, IRESS' Managing Director, Canada, said: "In the global financial market where companies are coming under increasing cost pressures while suffering from an ever increasingly competitive market, enabling trade in diverse regions at a cost effective level is crucial to opening the door to client and revenue growth.
"IRESS has been connecting market participants for over 10 years using a variety of messaging protocols, and SmartHub is the evolution of both technology and service. SmartHub will support the speed and reliability of trading execution, vital elements for those operating in today's market. By taking care of every aspect of the technology related to sending or receiving transactions with their counterparties, this enhanced offering will reduce operational risk for firms, bring important efficiency savings, and underpin the business growth of our clients."
IRESS is a principal supplier of wealth management, mortgage and financial markets systems in Canada, Australia, Asia, New Zealand, South Africa and the United Kingdom.
All product streams support a diverse range of roles and offer front, middle and back-office functionality for clients that range from financial service institutions through to independent operators.
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.
IRESS is a progressive, service-based organisation that employs over 1340 staff globally, with local knowledge and industry experience.
IRESS strives for excellence in relationships with clients and industry bodies alike. IRESS is client-driven, responsive and promotes a culture that supports working with customers and the industry to face challenges and keep pace with industry developments.
SOURCE IRESS Canada Holdings Ltd.
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