By Andrei Skvarsky.
London-headquartered investment broker Sova Capital Limited has chosen Australian technology designer Iress to provide software for order management and post-trade processing in its prime services division.
The software will equip Sova with multi-asset, multi-market risk and order management capabilities for business in US and European markets, the broker said in a statement.
Meanwhile, Sova will continue to allow its clients to choose the provider they like from companies providing execution management systems (EMSs).
Sova Capital Limited was known as Otkritie Capital International Limited before February 2008.
Iress has its headquarters in Melbourne and operations in Britain, Australia, New Zealand, South Africa, Canada, and Asia.
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