Andrew Jappy, Managing Director of Canada for Iress, recently joined James Black to chat about his recent appointment with the company and to discuss the challenges of deploying order routing solutions for Canada’s multi-market environment.
In this discussion, Andrews shares his theory as to why Canada has 16(!) trading venues (3:15), the basics behind “dark pools” and how they operate (5:38), his observations from the “Flash Boys” phenomena (8:30), and whether he thinks retail investors still stand a chance against pro traders (10:03).
Listen until the end to learn about Andrew’s globe-spanning career in financial IT, as well as his thoughts on the exciting changes and opportunities he sees in a rapidly-evolving financial technology sector.
The CSE was excited to welcome Iress to the CSE Media Centre for the first Market Open of the new year on January 9th, 2020.
Iress is a technology company that provides software to the financial services industry, with a focus on financial advice, trading and market data, financial advice, investment management, mortgages, superannuation, life and pensions, and data intelligence. Iress’s solutions are used by more than 9,000 businesses and 500,000 users globally, and the company has a team of 1,950 people based in Asia-Pacific, North America, Africa, and Europe.
“It means a great deal for Iress to open the market here at the CSE. We’ve been vendor partners with the CSE for more than fifteen years,” said Andrew Jappy, Managing Director at Iress.
“Iress essentially is a software technology firm. We deliver solutions – trading solutions, routing solutions, best market router [solutions], smart order router solutions – to Canadian brokerage firms primarily. We’ve done that for many years. We were here as the multiple markets initiated in 2007,” he remarked. “So in Canada, within Iress, we would certainly be viewed as a centre of knowledge and excellence for multi-markets and trading. And we also have some wealth and quotation work stations, and those are some more recent offerings to the street in Canada.”
Joining Andrew at the Market Open were Group Executive Simon New and other key members of the Iress team.
View the podcast on this Market Open featuring Andrew Jappy here.
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