Robust IRESS architecture guarantees high performance, low-latency market connectivity for all our market data and order management solutions.
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The Business Process Network (BPN) is a secure private network supporting low cost and efficient delivery of pre and post trade messages associated with securities transactions.
The BPN offers access to the majority of enabled market participants via direct connections and in conjunction with strategic partnerships. BPN supports communication between international financial markets participants in any global financial centre.
The BPN supports the perFIX solution set, which includes the perFIX Hub offering connectivity and FIX based messaging. BPN supports FIX messaging versions 4.0 to 4.4, across all asset classes.
FIX Hub
The BPN supports a FIX hub for the European and South African marketplaces specifically for clients who have their own FIX engine and want to connect to trading counter parties.
AFE
IRESS also offers customers the option of making use of an outsourced Application FIX Engine (AFE), aimed at keeping the barrier to entry to FIX services low and justifiable.
The initial set of messaging catered for are the ETI-related messages:
- Buy side orders
- Trade executions (intra-day fills)
- Trade confirmations (summary trade per order)
- Allocations.
This solution comes with a package of support and service offerings that can be tailored to meet the client's unique requirements.
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Features
- Direct FIX connections
- Secure private network
- European and South African markets access
- Low cost startup for FIX services connectivity.
Product: BPN (Business Process Network)
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"Maximum flexibility to clients and network partners."
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