In 2020, market volumes spiked following the US elections and COVID-19 vaccine announcements. As a result, UK retail trading volumes across Iress’ RSP platform set new records and have continued to rise.

In February of this year, we set a new high of £17 billion notional traded (3 million orders), 20% more than the previous record set in November 2020 and 125% more than the previous February.

New and interesting liquidity and trading opportunities

As trading volumes remain high, clients have been asking us to extend their connectivity and execution services with their trading counterparts and there is a growing demand for DMA and algo strategy connections to brokers. So we're continuing to work with our clients and other market participants to help uncover new and interesting liquidity and trading opportunities. Most noteworthy being our work for TP ICAP which connects their Fusion venue to Iress clients.

Better ways to manage trading obligations and risk

Iress Execution Management Dashboard (EMD) is now being used by over 40% of our clients to help them manage trading obligations and risk. The development roadmap for EMD is being specifically driven by the UK retail trading community as Iress continues its investment in the platform. Some highlights below:

  • Trading Venues - RSP segment layer disablement, clients can disable an RSP(s) from quoting at an instrument level and all instruments listed under a specific segment
  • Event Audit - new filter available to search for specific events related to a specific RSP
  • Operations - email notification should the RSP or customer FIX session disconnect from the Iress Execution Management System.

You can hear more about these exciting developments from your Iress account manager, or by contacting us.