Source: Asia Pacific Stock Exchange
Asia Pacific Stock Exchange (APX) and IRESS (ASX: IRE) today announced that IRESS will integrate support for the APX market into its well recognized institutional and wealth management platforms.
This will provide order management and real time market data support for the APX market from the launch of the new NASDAQ OMX trading system, X-Stream, which APX intends to launch on 9 March 2015 subject to industry readiness.
The provision by IRESS of access to the APX market means IRESS Financial Markets clients in Australia will have visibility of APX’s market activity and APX Market Participants subscribing to IRESS will be able to enter orders in the same way as they do for other Australian markets. The automated order processing capability will make it more seamless for traders to access the APX market and is expected to contribute to growth in trading volumes on the APX market.
“We are delighted to be working with IRESS to provide APX Market Participants with direct access to the APX market,” David Lawrence, APX Chief Operating Officer said. “This is a significant broadening of the distribution of APX products and access capabilities. It places APX on a level playing field with ASX and Chi-X for IRESS clients. It will benefit not only our Market Participants, but will also have significant benefit for our listed companies as their visibility in the market increases.”
IRESS’ Global Head, Financial Markets, Matt Rady said: “This important development means IRESS’ clients will be easily able to access the APX market through IRESS. It reflects IRESS’ commitment to continue to innovate to support changing needs.”