Olivetree Securities selects IRESS for order management services

Olivetree Securities has selected IRESS, a provider of software services for financial markets, as its Australian partner

Broking agency Olivetree Securities has selected IRESS, a provider of software services for financial markets, as its Australian partner to provide order management services.

Under the partnership, IRESS will provide its order management system, IOS, to Olivetree, which is looking to expand its presence in the Australian market.

Olivetree Securities is the Australian unit of Olivetree Financial and provides institutional broking services founded on the use of advanced data and analytics capabilities.

IRESS managing director of financial markets for Australia and New Zealand Kirsty Gross said: “We are delighted that Olivetree has selected IRESS systems as it seeks to build its institutional base in Australia and we welcome them to the IRESS network, which serves a large proportion of the Australian broking community both locally and internationally.

Olivetree Asia CEO Ian Simmonds said: “Olivetree needed a partner in Australia who could understand our needs and who we could rely upon to deliver us broad coverage in the Australian institutional market.

“This collaboration has established a seamless execution, reporting and clearing platform for agency institutional equities trading globally, irrespective of the range of portfolio management systems used by clients.”