Software Alliance with IRESS Market Technology
MDS Financial Group (ASX: MWS) is pleased to announce a Heads of Agreement has been reached between
the Company and IRESS Market Technology (ASX: IRE).
Under the terms of the agreement, IRESS will become an integral supplier to MDS Financial’s software
products, The Bourse and Market Analyser.
The integration of IRESS technology will enable MDS Financial to substantially remodel its existing software
products, developing cutting edge technology to deliver robust market analysis and trading solutions to its
existing base of clients, while attracting new customers.
The Board of MDS Financial has recognised the softening of growth in MDS Financial’s core software and
data business in the past 12 months, attributable to aging software and challenging conditions for its traders
Damian Isbister, CEO at MDS Financial, is delighted with the opportunities the alliance opens up for MDS
Financial and its customers.
“With these difficult conditions it’s been essential MDS Financial responds with agility and innovation,” said Mr
Isbister. “We can now focus on delivering an exceptional level of execution service, rather than maintaining
legacy technology. This new alliance positions MDS Financial for business growth, to create long-term value
for shareholders and crucially to offer improved value and service for clients.”
“IRESS is the leader in reliable, low-latency market data and trading solutions in Australia and New Zealand.
With IRESS functionality to be used to power our sophisticated charting modules, we’ll have tools that meet
the needs of traders of all levels, from institutional brokers and heavy-volume day traders to retail investors.”
Mr Isbister said that in the coming months, subscribers can look forward to improved service reliability and
enhanced functionality through this partnership.
The agreement with IRESS furthers MDS Financial’s strategic push towards developing the broking side of the business.
“With this alliance we have the capacity to provide improved services to our key target markets,” said Mr
Isbister. “Use of IRESS’ IOS+ order management system (OMS) will place us at the cutting edge of DMA order
Jason Rudy, General Manager – International and Web Products said “IRESS is pleased to have been
selected to partner with MDS in this new initiative. By integrating our low-latency data and trading solutions
with MDS’ proprietary charting tools, MDS will be able to offer a leading trading solution to their client base. By
selecting the IOS+ OMS, MDS will be providing market-leading trading tools to their clients and an advanced