UK-founded brokerage company Olivetree Securities has named IRESS as its Australian partner to provide order management services.
IRESS will provide its order management system, IOS, to Olivetree as the company seeks to grow its presence within the Australian market.
Olivetree Asia chief executive, Ian Simmonds, said IRESS was chosen on the basis of its local knowledge and presence.
“Olivetree needed a partner in Australia who could understand our needs and who we could rely upon to deliver us broad coverage in the Australian institutional market,” Mr Simmonds said.
“We focus on applying technology to enhance investment decision-making and trading strategies.
“This collaboration has established a seamless execution, reporting and clearing platform for agency institutional equities trading globally, irrespective of the range of portfolio management systems used by clients,” he said.
IRESS managing director of financial markets, Australia and New Zealand, Kirsty Gross said: “We are delighted that Olivetree has selected IRESS systems as it seeks to build its institutional base in Australia and we welcome them to the IRESS network, which serves a large proportion of the Australian broking community both locally and internationally.”
Olivetree has offices in Australia, US, and the UK. The company specialises in evidence-based finance using advanced data and analytics capabilities.