IRESS delivers unified trading to Namibian stock brokers

IRESS, a leading supplier of innovative technology for financial markets, wealth management and the mortgage industry today announces it has successfully migrated all Namibian equity stock brokers to IRESS trading solutions for all of their trading activities.

The fully integrated solution, incorporating order and execution management, removes the need for brokers to utilise multiple and legacy trading systems when managing orders on the local Namibian Stock Exchange (NSX), together with institutional order flow to South African brokers for execution on the Johannesburg Stock Exchange (JSE). Order routing is fully managed by IRESS and delivered within a unified multi-market order management system. This brings significant efficiency benefits, as it has eradicated the historical need for double data entry, separate systems, and eliminates the potential for human data entry error.

This has also allowed Namibian brokers to leverage IRESS’ international trading connectivity and seamlessly access counterparties on the IRESS network.

Ridwaan Kharva, IRESS’ Head of Trading Solutions explains: “Having an integrated order management system and execution platform creates a huge amount of efficiency in terms of both cost and workflow. We are delighted to include all Namibian brokers as IRESS exchange trading clients in addition to our presence in South Africa. IRESS has been connecting market participants for over 10 years and brokers in Namibia will now be able to benefit from enhanced trading capability, delivering improved speed and reliability with reduced cost.”

IRESS has also supplied the NSX with IRESS Professional Market Data, enabling comprehensive market monitoring and analysis.