IRESS and ITG have aligned their systems to enable mutual IRESS and ITG clients to receive more comprehensive and efficient analysis of their trades.

The alignment will also assist mutual clients in addressing the requirements set out in ASIC’s Regulatory Guide 97, which puts growing focus on costs and transparency in fund management processes. As a result of Regulatory Guide 97, automated access and analysis of trade data is becoming a top priority for the Australian fund management community.

ITG’s Head of Trading Analytics in Asia Pacific, Erin Stanton, said: “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.”

IRESS Managing Director of Financial Markets for Australia, Kirsty Gross, said: “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.”