No rest for IRESS

No rest for IRESS. IRESS commands a dominant position in the Australian market providing financial markets data, trade routing and order management services. While these products are largely undifferentiated from competitors, IRESS's deep penetration in the market has given rise to an invaluable 'network effect'. This means that as more clients subscribe to IRESS systems, the more valuable these systems become. Furthermore, IRESS has been very successful in integrating their software into the business systems of their clients making it costly for clients to switch providers. While organic growth in IRESS's legacy financial markets division is limited, the business is mature with steady cash generation. In our latest stock story we explain why we believe it is the company's wealth management division that will drive sustainable profit growth in the future. Access the article here: (VIEW LINK)