IRESS has aligned its systems with multinational financial markets technology firm Investment Technology Group to enable mutual clients to receive more comprehensive analysis of their trades.
According to a statement, the alignment will also assist mutual clients in addressing the requirements set out in ASIC Regulatory Guide 97, putting growing focus on costs and transparency in fund management processes.
IRESS said automated access and analysis of trade data is becoming a top priority for the Australian fund management community as a result of RG 97.
ITG head of trading analytics in Asia-Pacific Erin Stanton said clients are faced with ever-increasing demands for trading cost analysis from internal groups, regulators and external clients.
“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,” Ms Stanton said.
IRESS managing director of financial markets for Australia Kirsty Gross said the goal is “to deliver improved solutions to respond client needs”.
She added that IRESS is pleased to be working with ITG to enhance the experience for its mutual clients.
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