Iress to deliver Tiger Brokers’ clients with direct access to SGX
By Edil Corneille
Today, financial technology (FinTech) provider Iress announced that NASDAQ-listed company Tiger Brokers, a provider of online mobile broking services, will be implementing Iress’ trading software. This will support the expansion of Tiger Brokers’ retail broking operations by offering direct access to SGX, the Singapore Exchange.
Iress provides software and services for trading & market data, financial advice, investment management, mortgages, superannuation, life & pensions and data intelligence.
The adoption of the trading software is said to further complement Tiger Broker’s offering to clients, enabling orders to reach the market directly via a low latency and high-performance trading architecture, thereby leading to faster trading with greater reliability.
Tiger Brokers will be adopting Iress’ Order System and SGX Trading Interface solutions, while the Tiger Trade application will be integrating via the Australian FinTech’s open API framework. This will be fully hosted and co-located in the SGX Data Centre, with the Iress Pro trading software to be used by SGX dealers to supervise and manage trades.
Tiger Brokers’ chief executive officer, Thiam Choon Eng, said: “We are pleased to partner with Iress, which combines international expertise and strong local knowledge with flexibility and ease of integration. This, as well as Iress’ deep knowledge in managing and hosting solutions in a regulated environment, will allow us to focus on improving our Tiger Trade platform and delivering the best possible client experience.”
Iress’ managing director, Asia, Jason Hoang, said: “We’re delighted to partner with Tiger Brokers to enable its expansion in Singapore and facilitate its vision of leveraging technology to make trading simple and easy.”
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