Iress forms API data and trading solutions team 16 November 2021UK Reporter: Rebecca Delaney
Image: Corona Borealis/adobe.stock.com
Iress has formed a dedicated application programming interface (API) data and trading solutions team to support the demand for market data and infrastructure solutions.
The new global team finalises the full integration of QuantHouse (acquired in May 2019) with the financial technology provider’s existing market data capabilities.
As a technology company providing software to the financial services industry, Iress notes increased demand for and adoption of API data and cloud services by financial services firms.
Iress cites a recent study from Google which found that 67 per cent of sell-side firms consume cloud-deployed market data, while 88 per cent expect to consume more over the next 12 months.
This was even greater among buy-side firms, at 90 per cent and 70 per cent respectively.
The new team is created to help these firms optimise the transition, with product offerings including market data feed API solutions, historical data, reference data and analytics, infrastructure, and managed hosting and connectivity solutions.
Arthur Tricoire, general manager, commercial, Iress API data and trading solutions, comments: “We are delighted to announce the launch of our new API data and trading solutions team. Our combined expertise helps us better answer the demands of clients and will bring more breadth and capabilities to our proposition.”
“We now offer a comprehensive suite of trading data solutions, coupled with managed services, to provide end-to-end trading solutions either on-site or on cloud platforms. These capabilities, together with our focused global team, puts us in a strong position to respond to fast evolving requirements in today’s volatile markets, where timeliness means opportunity,” he adds.
NO FEE, NO RISK 100% ON RETURNSIf you invest in only one asset servicing news source this
year, make sure it is your free subscription to Asset Servicing Times
Image: Corona Borealis/adobe.stock.com 