TORONTO, Oct. 23, 2014 /CNW/ - IRESS, the leading supplier of financial markets, wealth and mortgage management systems today announced that it is the first trading service to successfully connect to the Aequitas Neo Exchange ("Aequitas") test environment. The connection marks a key milestone in IRESS' commitment to achieving 'day one' readiness for Aequitas, currently in the process of establishing itself as a major contributor to the Canadian marketplace landscape.
"The fact that we are the first to achieve this milestone is a testament to our capacity to proactively adapt to changing market conditions, the flexibility of our technology and our commitment to the Canadian marketplace" said Ricardo DaCosta, Director of Business Development and Strategy, IRESS. "The entrance of Aequitas into the Canadian market is a significant development, and over the last seven months we've been actively engaged with Aequitas in providing feedback on their trading system integration. Given that IRESS is the largest facilitator of retail order flow in Canada, we believe we are in a unique position to provide this type of market structure guidance."
Karl Ottywill, Chief Operating Officer, Aequitas added "As we move forward with our efforts to build a new exchange here in Canada, we are delighted that a vendor with IRESS' profile is the first to connect to our test system. The active engagement of market participants throughout our implementation and testing process will be invaluable as we work toward finalizing our entrance into the Canadian equities market as an exchange using a bold new blueprint that puts investors, issuers and value-added intermediation first."
IRESS is a principal supplier of financial markets, wealth and mortgage management systems in Canada, Australia, Asia, South Africa, New Zealand 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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