Australia’s second-largest exchange, the National Stock Exchange (NSX), has announced it will integrate with software provider IRESS.
The integration will allow dealing representatives to use the IRESS platform to enter market orders on both the NSX and its affiliated SIM Venture Securities Exchange.
NSX managing director Ann Bowering said she was “thrilled” with to partner with IRESS on the project.
“This is a significant enhancement to the exchange environment for the National Stock Exchange Group, which will provide globally proven technology and significant benefits to the Australian market,” she said.
Ms Bowering said the integration would result in reduced complexity, as well as increased flexibility and efficiency for investors looking to access companies listed on either exchange.
The NSX said in a statement that the broadening of distribution channels was “expected to contribute to growth in trading volumes”.