Best market router

The BMR delivers an adaptive framework to implement, manage and fine tune your business logic to give your clients access to the greatest liquidity at the best price.

Transparent data sources.

Managing symbols across multiple venues can be a challenge. IRESS maintains consistent security and exchange codes across all markets, clearly identifying the data source in each case.

View consolidated market depth across multiple execution venues for a single security, to achieve best execution and manage your order flow efficiently.

Integrated automated crossing engine.

The integrated IOS+ automated crossing engine allows the BMR to detect and execute crossing opportunities with existing orders in an exchange order book or  in an internal liquidity pool. The BMR can also take into account a preferred crossing venue, taking on-market orders from one exchange and crossing them on another. 

Powerful execution algorithms.

IOS+ and the BMR provide a number of automated execution algorithms which maximise the benefits of multiple execution venues. For the trader this means the fastest execution possible whilst efficiently seeking the best liquidity. For clients it means achieving best execution across multiple markets.

"IRESS - making the transition to multiple markets simple."