Australia - IRESS, the supplier of financial markets, wealth and mortgage management systems, has announced the 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.
The IRESS SmartHub uses cloud-based technology to facilitate financial transactions among market participants, whether buy-side or sell-side. SmartHub supports various protocols enabling message flow covering pre-trade, trade and post-trade functionalities.
SmartHub has a global footprint and supports multiple asset classes, with 24 hour support in the working week. It provides IRESS' buy-side community with access to over 500 sell-side counterparties globally, either directly or via connection with partner networks. It also provides Australasian-based brokers with the ability to connect to international counter-parties, to enable trading across global markets.
Ben Jefferys, IRESS Head of Trading Solutions, 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 a range of 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."