Nyfix (Nasdaq: NYFX), a trusted provider of innovative solutions that optimize trading efficiency, and Iress Market Technology, an Australian-based financial technology provider, today announced a new partnership that will enable Nyfix Marketplace clients to trade with the vast majority of all brokers and exchanges in Australia and New Zealand through a single, cost-effective FIX connection.
The partnership will also facilitate IRESS clients' ability to trade with over 400 buy-side and 550 sell-side firms that are members of the NYFIX Marketplace.
Jason Rudy, Manager, Sales and Support at IRESS, comments: "We are excited to see NYFIX's commitment to the region and look forward to providing our mutual clients with cost-effective and efficient solutions for finding and accessing liquidity. We have great respect for NYFIX's electronic trading expertise and know that our clients will appreciate being part of such a large community of global trading counterparties."
Bob Moitoso, Global Head, FIX Division, NYFIX adds: "We are committed to providing NYFIX Marketplace clients with the broadest range of electronic trading services and as many global liquidity sources as possible. Our relationship with IRESS now spans two continents following the successful completion of a NYFIX Marketplace partner agreement with IRESS Canada earlier this year. IRESS's extensive client base and high standards for client service makes them an ideal partner for us. Our clients will appreciate how easy it is to access so many trading partners throughout Australia and New Zealand."
The NYFIX Marketplace is a neutral, flexible, and fully-managed electronic trading solution that is supported by the industry's most experienced FIX specialists. Solution components include FIX order routing, IOIs, certification, version translation, and extensive training and educational programs. Members of the NYFIX Marketplace benefit from access to a wide range of liquidity sources, lower trading costs, and speed-to-market with new trading counterparties and services.