LONDON – October 5, 2010 – IPC, a leading provider of trading communications solutions to the world’s top financial services firms and global enterprises, today announced the opening of its latest office in Zurich, Switzerland. This opening is part of the company’s ongoing European expansion designed to support banks as they extend their trading networks into one of the world’s top competitive nations.
To further its commitment in Europe, Switzerland is the latest addition in the region following office openings in Germany, Italy and France. Over the last twelve months, IPC has also invested heavily in upgrading its network, which currently links 200 cities in 60 countries across six continents, including in London, Paris, Chicago, Singapore, Hong Kong and Tokyo.
“Since the beginning of the year, we’ve been working closely with our customers to help them re-assert themselves in the market and look at technology as a way to develop and extend their trading business,” said Kevin Acott, SVP, IPC’s managing director for EMEA. “We’ve seen orders not only from many large international banks in London double this year, but also from customers in growing financial regions such as Switzerland, Dubai and South Africa.”
“There has been much speculation about an influx of financial firms into Switzerland from the UK. We are poised to serve our customers wherever they conduct business. We are being asked by some customers to support them outside the UK, in Switzerland as well as Central Europe. But, concerns that the UK could see an exodus of banks and traders appear to be unfounded as we are also seeing a proliferation of smaller trading hubs arising – not just in London but across a number of cities and regions.”
One of IPC’s flagship products is the IQ/MAX trading turret, which provides for the specific communications needs of a trader such as maximum reliability and security. Features include the ability to manage multiple simultaneous phone calls with instant access to hundreds of
different trading counterparties, speed dials and speaker channels. IPC also provides dedicated electronic network connectivity services to help firms connect directly and securely to exchanges, liquidity venues as well as link corporate offices to deliver critical applications worldwide.
Kevin Acott continues, “In our 40 year history we’ve seen a lot of turbulence in the market, but we’re now seeing real growth and developments in trading floors deploying modern trading systems with a combination of voice and electronic trading. Other drivers for change include the growing regulation and compliance, whereby financial firms need to ensure their trading systems are transparent by maintaining compliance monitoring systems. Ultimately we’re bringing speed, security and reliability to trading, and we’re seeing our customers investing in our technology to find innovative and smart ways to trade and help their businesses succeed.”