Financial technology provider IRESS is expanding its market reach after teaming up with the National Stock Exchange of Australia.
From the end of this month IRESS' stockbroking clients will have access to trade securities listed on the National Stock Exchange (NSX) in a move described as "essential" by NSX managing director Ann Bowering.
"We are delighted to be working with IRESS to provide direct access to trading on the NSX market by leveraging the IRESS network and trading community," Bowering said.
"It is essential that NSX provide companies listed on our exchange access to Australia's broking network, and this has been easily facilitated through IRESS' network.
"In doing so we have given our listed companies access to significantly greater liquidity across SMSF, wholesale and retail investors, using the market leading access model."
IRESS managing director of financial markets for Australia and New Zealand Kirsty Gross added that this is good news for IRESS users as it "provides seamless access to a further local stock exchange building on the range of domestic and international exchanges on offer."
The announcement comes on the back of a series of new partnerships for IRESS including with boutique investment manager Acorn Capital to provide portfolio management systems, and with ITG to help clients analyse trade efficiently and become more RG 97 complaint.