Iress

Iress has hit back at allegations it breached its contract with industry fund ESSSuper, arguing any member losses were due to the fund’s own negligence.

The resolve of the financial tech provider appears to be softening as it faces opposition from brokers and prominent investment banks over a controversial bill.

Australia's peak stockbroking body has claimed there is no legal basis for its members to cover the company's cost blowout as tensions flare.

The essential service provider at the heart of the Australian sharemarket blindsided brokers, and even the ASX itself, with its latest cost-saving move.