Iress joins ASX Australian Liquidity Centre

Iress has connected its trading platform and market data feeds to the Australian Liquidity Centre operated by the Australian Securities Exchange, providing its clients direct access to on-exchange liquidity and reduced execution latency.

The connection places Iress alongside brokers, market makers and institutions that use the centre’s co-location and direct-access services to route orders and receive market data with minimal delay.

Participants located inside the centre can access matching services, communicate directly with liquidity providers and receive consolidated market data feeds with lower transmission times than off-site links. Iress’s systems will be able to submit and receive orders and quotes within that technical environment.

For Iress clients, including brokers, wealth managers and professional traders that use the company’s trading terminals and order-routing tools, the link is intended to reduce the time between order submission and execution and to improve the timeliness of market data displayed on trading screens. Market participants that rely on tight-spread execution or algorithmic strategies typically seek lower-latency routes to exchanges.

The arrangement also provides infrastructure benefits for market makers and liquidity providers. By accessing orders and price streams from Iress-connected clients inside the same hub, liquidity providers can respond to supply and demand with smaller time gaps than when interacting via remote connections.

Iress is listed on the ASX and supplies trading software, market data and order management systems to financial firms in Australia and internationally. The Australian Liquidity Centre is one of several ASX offerings that centralise co-location and direct-connect trading infrastructure for domestic participants.

The integration focuses on infrastructure and connectivity rather than changes to regulation or the exchange’s market rules. Operational details such as client migration schedules, co-location rack allocation and any fees for direct connectivity will follow technical and commercial agreements among the exchange, the technology provider and participating firms.