Iris Financial Solutions Ltd. develops, markets, and delivers software solutions and platform-based applications for the front and middle offices of financial services firms worldwide. Its products address trading, trade management and processing, portfolio and position management, and risk management needs. The company offers trading products that offer a range of functionality for institutions; and portfolio and position management products, which provide support for trading and risk management through real-time position updates across multiple desks and asset classes. The company also provides trade management and processing products that provide solution block, DMA, basket trade capture, and processing in banks; risk management products to provide an enterprise view on risk, monitor risk exposures across portfolios, and provide analysis of a firm's holdings for securities firms; and LaunchFirst that minimizes disruption and provides reporting services. Iris Financial Solutions, Ltd. serves asset managers, hedge funds, broker/dealer and market makers, and prime brokers. The company was formerly known as Iris Financial Systems and Iris Financial Engineering Holdings Ltd. Iris Financial Solutions Ltd. changed its name to Iris Financial Solutions Ltd. in December 2006. The company was founded in 1990 and is headquartered in London, United Kingdom.