OpenMarkets gains access to IRESS network

By tlewis ·
November 09 2015

OpenMarkets gains access to IRESS network

Advisers using technology-focused stockbroker OpenMarkets will now have access to the IRESS network, including its two trading platforms and market data.

The partnership will allow clients of OpenMarkets, including advisers, to place trades via IRESS' trading platforms and access its market data and multi-market order management services, a statement issued by the company said.

OpenMarkets chief executive Rick Klink said: "We had received significant demand from traders and advisers coming on board, who wanted to benefit from OpenMarkets' services but continue to use IRESS."

"Our mission is to provide high-quality low-cost trading access to the Australian capital markets in the most flexible way. This includes expanding the range of trading front-ends for clients to trade through."

"Connection with IRESS was always on the agenda, and we are really pleased to work together to give our mutual clients the best possible service," said Mr Klink.

IRESS will also provide OpenMarkets with additional solutions including its order management system. It will also allow the company connectivity to ASX and Chi-X through IRESS' best market router.

"This development forms part of our ongoing strategy to provide the broadest trading connectivity capabilities in the industry," said Mr Klink.

IRESS managing director of financial markets for Australia and New Zealand Kirsty Gross said: "We look forward to working with OpenMarkets to provide them with quality, reliable solutions in a fast-changing environment and to support them as they continue to grow their business."

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