Iris Financial unveiled Iris Trade Manager, a multi-asset, middle-office trade management and processing solution. The application is completely customizable, offering functionality unique to each client institution, according to the firm.Iris Trade Manager enables bulge-bracket firms to increase the profitability of trading operations by providing a single-solution approach for multi-asset trade management and processing, including automated block, DMA and basket trade capture and processing, allocation management, confirmation, and audit trail generation, Iris Financial says.

"With Iris Trade Manager, we solve the buy-versus-build conundrum and give customers the best of both worlds," said Rolf Theisen, VP of solutions for London-based Iris Financial, in a release. "Our customers get all the functionality they need, delivered with previously unavailable levels of configurability and personalization."