04.15.2024

Iress Partners with InfinitX, JP Jenkins for Unlisted Security Trading

04.15.2024
Iress Partners with InfinitX, JP Jenkins for Unlisted Security Trading

Iress today announces that it has partnered with InfinitX to enable its clients to trade unlisted securities through Iress’s EMS Trader and IOS+ platforms. This fully electronic integration with JP Jenkins, the liquidity venue for unlisted assets, enables private companies to allow trading in their shares on a matched bargain basis.  Any client using Iress’s Order Management System is able to connect directly to the JP Jenkins venue and submit expressions of interest to buy or sell shares.

Iress’s Head of UK Trading, Debbie Kaye, said “Iress has been at the forefront of retail investment in listed equities for many years, and this move means that we can give our clients access to a wider array of investment options. It also means our clients benefit from a more streamlined market access, and the automation of a historically manual process, making it far easier for them to trade.”

InfinitX’s Founder, Andrew Foster, commented, “We have been working hard with both the broker community and other capital market infrastructure providers to ensure we can fully automate our trading processes. Working with Iress has hugely accelerated our plans, thanks to its market reach and expertise in the space. This is another significant milestone in our journey and fully validates the hard work of our team of developers in creating world class trading technology that connects seamlessly with capital market infrastructure and accelerates our goal of driving access, transparency and liquidity in the unquoted space.”

Related articles

  1. Three of the four proposals from December 2022 are still open items; will Gensler bat .500?

  2. MiFID II to Boost Automation

    TransACT automates RFQ negotiation workflows for banks trading on D2C venues.

  3. SEFs Compress Trades
    Daily Email Feature

    Closing in on T+1

    Instinet’s Luke Mauro assesses the industry's readiness to compress settlement time.

  4. Distributed ledger technology supports the end goal of aligning market participants in real time.