Broadridge and Iress UK introduce joint OMS resolution for UK broker-dealers

Introducing a brand new resolution to the UK market, world Fintech chief Broadridge Monetary Options, Inc. (NYSE:BR), at the moment introduced a strategic partnership with Iress (IRE.AX), a expertise firm offering software program to the monetary companies trade.

The mix of Broadridge’s order administration system (OMS) and market-making platform (Tbricks), built-in straight into the Iress Retail Service Supplier (RSP) community, allows market maker (liquidity supplier) shoppers to profit from streamlined order administration, elevated market connectivity, actual time information and analytics, and sturdy compliance, alongside an elevated concentrate on the tip consumer.

“The strategic partnership with Broadridge coincides with targeted funding into the RSP platform for enhanced information insights and execution companies to retail brokers and wealth managers,” mentioned Ray Pretorius, Managing Director, Iress UK Buying and selling. “We look ahead to working with and welcoming Broadridge market-making shoppers to the Iress RSP community, additional extending the worth proposition to our respective shopper base.”

“We’re happy to be working with Iress to deliver thrilling new expertise to the UK market,” mentioned Ian Mawdsley, Chief Product Officer, Broadridge Buying and selling and Connectivity Options. “By combining our order administration and superior market-making instruments with entry to the Iress RSP community, we’re bringing a complete resolution to the market at a time when few full options have been obtainable.”

By combining the experience of Broadridge and the community of Iress, the joint resolution will result in the event of a brand new buying and selling and connectivity resolution tailor-made particularly for UK market makers with full entry to the retail and wealth neighborhood. The providing will result in improved entry to market information, execution of trades and enhanced threat and market-making capabilities.