Network upgrade allows customers in North America’s top financial centers access to Toronto’s equities market with maximum service availability, uptime and management
Jersey City, N.J. – April 5, 2010 – IPC Systems, Inc., a leading provider of indispensible trading communications solutions to the world’s top financial services firms, today announced the completion of the next phase of its North American network expansion. IPC’s Toronto ring deployment directly connects three IPC points-of-presence (POPs) in key trading locations across New York, Toronto and Chicago via a high-speed, fully restorable optical network. The upgraded infrastructure provides a direct gateway to the Toronto equities market for both New York and Chicago market participants. The newly upgraded network infrastructure continues to leverage fiber optic wave technology to enable the secure delivery of private line voice and IPC’s Electronic Connectivity Services (ECS) over a high-speed, high-bandwidth service platform that supports the growing demands of trading firms.
The expansion of the state-of-the-art dense wavelength division multiplexing (DWDM) infrastructure into Canadian financial markets will ensure that IPC’s customers maintain direct access to the most efficient connection highway to reach their clients and execution venues across the region. The expansion also allows for future growth into the Calgary Energy and Montreal derivative markets and fully meshed connectivity to IPC’s global fiber optic backbone providing connection to trading venues across the globe.
“IPC sees significant growth opportunities in the Canadian equities, derivatives and energy markets,” said Lou Marchese, vice president, Network Operations Americas, IPC Systems. “Extending our fiber backbone is an exciting first step to providing resilient, ultra-fast connectivity between the New York, Chicago and Canadian markets.”
With the completion of the next phase of this strategic initiative, IPC continues to expand its network capacity while delivering a unified, standardized platform across North America that meets the most stringent performance needs, while improving latency and resiliency. IPC’s financial extranet, comprising of 4,000 global trading firms, vendors and venues links 200 cities in 60 countries across six continents. With a global reach, IPC is able to connect thousands of financial market trading participants into a single community linked by the company’s secure private network. This network enhancement is part of the IPC's continuing commitment to its customers to provide the optimum trading network and follows the company's recent announcement regarding the upgrade of its high-speed fiber optic network in other parts of North America.
IPC is a leading provider of indispensable financial trading communications solutions to the world’s top financial services firms and global enterprises. With 35 years of expertise and innovation, IPC provides its customers with global systems and solutions, as well as a suite of products and enhanced services that includes advanced Voice-over-IP technology and integrated network and 24x7x365 management services in more than 60 countries. Based in Jersey City, N.J., IPC has approximately 900 employees throughout the Americas, Europe and Asia-Pacific regions. For more information, visit www.ipc.com
Statements made in this news release that state IPC’s or its management’s intentions, beliefs, expectations, or predictions for the future constitute “forward looking statements” as defined by federal securities laws, which involve significant risks and uncertainties.
Many risks and uncertainties are inherent in the telecommunications equipment industry. Others are more specific to our operations.
The occurrence of the events described and the achievement of the expected results depend on many factors, some or all of which are not predictable or within our control. Actual results may differ materially from results discussed in these forward looking statements. Among the factors that could cause actual results, performance or achievement to differ materially from those described or implied in the forward-looking statements, are risks associated with substantial indebtedness, leverage and debt service, risks relating to the performance of our business and future operating results, risks of competition in our existing and future markets, loss or retirement of key executives, risks related to the notes and to high yield securities generally, general business and economic conditions, market acceptance issues, including potential technology changes and the risks inherent in new product and service introductions and the entry into new geographic markets. (c)2010 IPC Systems, Inc. All Rights Reserved. IPC, TradeCARE and MAXaccess 1000 are registered trademarks and Alliance Express, IQMX, IQ/MAX, Nexus Suite, Tradenet MX and Tradenet are trademarks of IPC. All other trademarks are the property of their respective owners.
# # #