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Press release from CNW Group

IRESS Releases Multi-leg Strategy Trading Module

Tuesday, September 11, 2012

IRESS Releases Multi-leg Strategy Trading Module08:38 EDT Tuesday, September 11, 2012Enhances Canadian and US Derivative TradingTORONTO, Sept. 11, 2012 /CNW/ - IRESS is pleased to announce the release of user defined multi-leg trading strategies through the IRESS Multi-leg Strategy (MLS) module. The IRESS MLS enables IRESS clients, following certification with Montreal Exchange (MX), to bring an entirely new dimension to order execution for CDN and US derivative order flow, significantly broadening the scope of services available to their customers."We're very excited to be able to provide our customers with advanced derivatives functionality, particularly in light of the Montreal Exchange's recently extended capability for user defined strategies on futures and options on futures contracts," said Ricardo DaCosta, Director of Strategy and Business Development at IRESS Canada.  "This initiative shows our dedication to providing solutions for our client's needs as marketplaces continue to rapidly evolve.""We're delighted that IRESS has responded so quickly to provide a product that extends the reach of our new complex derivative product offerings," said Claude Cyr, Senior Vice President, Financial Markets, Montreal Exchange.  "Derivative traders now have a greatly expanded toolkit through which to create User Defined Strategies (UDS) on MX, and we are eager to see them take full advantage of these."With the flexibility to support increasingly complex strategies beyond the current three user-defined legs available in Canada today, the IRESS MLS is a powerful and flexible framework for creating customized complex options execution strategies.  Designed for ease-of-use and seamlessly integrated with the IRESS Order Management System (OMS), IRESS MLS continues IRESS' commitment to innovation, providing traders with access to a sector with substantial growth potential in Canada.The release of the IRESS MLS follows and builds on the recent release of the IRESS Institutional OMS, which includes end-to-end order lifecycle management, automated currency handling and execution strategies, and enhanced compliance and market data functionality.Support for MX user defined multi-leg strategies is available immediately to IRESS clients. Clients wanting to utilize MLS should contact their IRESS Account Executive to make arrangements for certification.For a demonstration of the IRESS Multi-leg Strategy Module, please contact sales@iress.ca or call 416-907-9218.About IRESSIRESS is a leading supplier of sophisticated solutions for financial market participants in Canada and Internationally.  Fully customizable, IRESS integrates equities and derivatives trading, automated order management, smart order routing, international market data, and compliance monitoring.   Designed for high performance environments, IRESS solutions are fully managed, provide low execution latencies and offer seamless access to specialized markets and strategy engines.  Join Canada's leading financial institutions in utilizing the most dynamic, integrated trading application available today. SOURCE: IRESS Canada Holdings Ltd.For further information: Michael Harrison VP of Sales IRESS Canada mharrison@iress.ca 416-907-9221 www.iress.com Ricardo DaCosta Director of Strategy and Business Development IRESS Canada rdacosta@iress.ca 416-907-9200