Glue42, Iress Collaborate

Integrated desktop provider Glue42 and fintech Iress have teamed up to optimise the user experience of traders and wealth managers using the Iress Order System (IOS+) by automating the workflow between it and other prevalent applications on the financial desktop. The firms say the actionable information now available at users fingertips means they can gain a competitive edge and create a personalised experience for their own clients.

Through the integration, Iress users can interact with applications such as Microsoft Excel, Microsoft Teams, Bloomberg and Virtu Analytics. Equally, as part of the partnership, Glue42 has developed an Iress Connector, a black box built on its enterprise solution that optimises Iress IOS by speeding up trading workflows and enabling ‘click to sync’, a single-click data synchronisation between the Iress platform and other applications.

The firms say common use cases include integration with popular apps on the trading desktop to speed up time to market, allow for greater personalisation and increased efficiency, placing critical information at the user’s fingertips.

“Our clients are inundated with information and as we evolve with their needs, it’s imperative that the Iress Order System operates in harmony with other apps on the financial desktop,” says Russell Thornton, head of trading strategy at Iress. “In isolation there is a limit as to what can be achieved and therefore, enabling Iress to participate in cross-application workflows just made sense.

“Glue42 helps us stay connected with other systems used by our clients,” he continues. “It’s all about enabling business and technology users to be more efficient and productive. Glue42’s desktop integration platform helps us execute on our vision at scale and in a cost-effective manner.”

On the technical side, the firms say the Connector enables technology teams to eliminate lengthy point-to-point integration projects. As a result, clients can implement solutions within a matter of days not months. They add the connector follows continued client demand and is available through the Glue42 Appliance Store, a concept that brings pre-packaged business components that support the integration of two or more applications, to the modern trading desktop.

“Many vendors in the financial industry are going on a digital journey by modernising and re-shaping their own platforms,” says Reena Raichura, director, head of product solutions, Glue42. “Our purpose is to facilitate this process and help vendors connect with other third-party or inhouse applications in a speedy fashion. In doing so, we want to ensure that we eliminate all tech constraints, so our partners are better equipped throughout their digital transformation journey.

“More so, as financial institutions pick best-of-breed applications for their financial desktop platform, we want to ensure fintech vendors have a clear desktop integration strategy, so their applications maintain their relevance in the trading ecosystem,” she adds.