Iress partners with Ediphy to enhance fixed income trading

Iress has announced a partnership with Ediphy to provide a comprehensive fixed-income trading solution to its global network of trading customers. The collaboration aims to offer a low-cost mechanism for trading fixed-income assets and ease the challenges associated with onboarding to multiple venues across different locations.

The new partnership will enable Iress' trading customers to access substantial liquidity from fixed-income providers and venues spanning the USA, Europe, and the Asia-Pacific region. Ediphy, known for its expertise in fixed-income markets, offers fixed-income execution and workflow automation as well as extensive data management and analytics capacities. The firm’s service portfolio includes automated execution in government, sovereign, supranational, and agency bonds (SSAs), credit bonds, and cleared interest rate swaps (IRS), with an aggregated liquidity of over 250,000 International Securities Identification Numbers (ISINs).

Jason Hoang, Iress's CEO for Global Trading and Market Data, expressed enthusiasm about the new partnership. "We’re delighted to have this key partnership in place with Ediphy. Our customers are increasingly demanding the ability to trade fixed-income instruments, with up to 20% of their order flows being aligned to fixed income as an asset class," he said. "This partnership further extends our ability to provide access to additional fixed-income liquidity sources globally, without the need to onboard individual venues and liquidity providers."

Christopher Murphy, CEO of Ediphy, highlighted the evolving challenges faced by investment managers in the fixed-income sector. "Fast-changing market structures and increased investor demand for fixed-income securities present growing challenges for investment managers," he stated. Ediphy combines cutting-edge technology with deep market experience to simplify and automate fixed-income trading for investment managers."

Murphy added, "We’re delighted to partner with Iress to bring simplicity and automation to their clients' fixed income trading, which will further support their community of leading investment management clients."

The partnership is expected to significantly benefit investment managers by streamlining the complexities and reducing the costs associated with fixed-income trading operations. Ediphy's advanced technology aims to deliver substantial efficiencies by automating various facets of the trading process and providing comprehensive data insights through a singular entry point to various fixed-income markets.

This collaboration underscores a growing trend within the financial services industry to adopt more integrated and technologically advanced solutions to meet client demands and navigate complex market environments.

The partnership between Iress and Ediphy is seen as a strategic move to enhance the services offered to trading customers, particularly those focusing on fixed-income assets. This aligns with the rising market need for better trading solutions that incorporate the latest advancements in technology and data analytics.