ITG Teams Up With IRESS, Mitigating Trading Costs in Australia

ITG (NYSE:ITG), an independent Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term broker and financial technology provider, has teamed up with financial technology provider, IRESS, ushering in a new alignment that will help streamline trading analysis and costs, per a group statement.

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The joint accord will see improved trading costs on the heels of heightened demand for Australian clients. IRESS Limited is an Australian software company that focuses on the development of software systems and services for financial markets and wealth management. Together with ITG, the groups will help address a number of needs in the face of shifting regulatory requirements in Australia.

In particular, the new alignment will also help assist the groups’ mutual clients in addressing the requirements set out in ASIC’s Regulatory Guide 97 – this edict focuses on costs and transparency in fund management processes for domestic clients. As such, automated access and analysis of trade data slowly shaping up as one of the top directives and priorities in the Australian fund management community.

This tone was echoed by ITG’s Head of Trading Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term in Asia Pacific (APAC), Erin Stanton, who explained, “Our clients are faced with ever increasing demands for trading cost analysis from internal groups, regulators and external clients. This new alignment will make sourcing the trade data from IRESS easier and quicker.”

“The more simple data delivery mechanism allows our client service team to focus more on where we can really provide value to clients, particularly through expert consulting on benchmarks and models, trends in buyside trading behaviour and costs, and in helping them respond to the increasing number of requests for data they are now receiving,” he explained.

Moreover, “IRESS is pleased to be working with ITG to enhance the experience for our mutual clients. Our goal is to deliver improved solutions to respond to client needs,” noted IRESS Managing Director of Financial Markets for Australia, Kirsty Gross, in an accompanying statement.