IRESS wins technology mandate

An international stockbroker with offices in Sydney and Melbourne has integrated with IRESS for trades in global equities and ETFs.

PhillipCapital is eyeing ease of access to international securities for Australian financial advisers and their clients with the integration.

Users of IRESS software will be able to execute trades on 14 exchanges through PhillipCapital's network.

PhillipCapital Australia chief executive John Miles said the company's objective was to create a localised solution, to make international trading as easy as trading Australian shares.

"The solution had to look and feel local, be easy to access and administer both from a business and client perspective. We're excited about what this means for the local market and how this will increase the ability of Australian businesses to trade overseas," Miles said in a statement.

IRESS managing director financial markets Kirsty Gross said the company was pleased to partner with PhillipCapital on the integration.

"We know our clients are increasingly looking for broking arrangements which make it easy to trade globally, and this integration enables that," Gross said.

PhillipCapital has assets under management and custody of US $35 billion across the world.

In Australia, it provides wealth management, institutional and private client stockbroking, online trading, corporate finance, investment research and funds management services.

Read more: IRESSPhillipCapital AustraliaJohn MilesKirsty Gross
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