Iress partners with Ediphy on fixed income solution

Financial planning software provider, Iress, has partnered with Ediphy to provide its trading customers with a comprehensive fixed income solution.

Announcing the partnership, Iress said that it would facilitate Iress trading customers having access to a low-cost mechanism to trade fixed income and the ability to source comprehensive liquidity from fixed income providers and venues covering the USA, Europe and APAC.

Ediphy is a specialist in fixed income markets, offering fixed income execution and workflow automation, large-scale data management and analytics. Ediphy provides automated execution in government, sovereign, supranational, and agency bonds (SSAs), credit bonds and cleared interest rate swaps (IRS), with aggregated liquidity in excess of 250,000 International Securities Identification Numbers (ISINs).

Commenting on the partnership, Iress chief executive, Global Trading and Market Data, Jason Hoang, said the company’s 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.

“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,” he said.

Ediphy’s chief executive, Christopher Murphy said fast changing market structures and increased investor demand for fixed income securities presents growing challenges for investment managers.

“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.”