ITG (NYSE:ITG), an independent execution 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 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.