Jersey City, N.J., – June 22, 2010 – IPC Systems, Inc., a leading provider of indispensable trading communications solutions to the world’s top financial services firms and global enterprises, today announced that it is providing Orbixa with highly reliable, secure, low-latency electronic connectivity to the BATS Exchange, the world’s third-largest stock exchange operator, via IPC’s Electronic Connectivity Services (ECS).
With an average order latency of just 250 microseconds and a history of maintaining system performance in the busiest of markets, the BATS Exchange is acknowledged for its world-class performance. Orbixa’s traders will be able to take full advantage of BATS’ sustained low-latency thanks to the Gigabit Ethernet performance of IPC’s ECS and the company’s dedicated global network.
IPC’s worldwide network already supports 4,000 market participants, and enables financial services firms to meet all their global, regional and local connectivity needs for every stage of the trade lifecycle. The company’s network provides customers such as Orbixa with dedicated Ethernet connectivity to their most important trading partners while IPC’s 24x7x365 worldwide managed services capability enables industry-leading levels of reliability, security and resilience.
“Average daily volumes continue to grow on the BATS Exchange in 2010, and we wanted to provide our growing number of clients with dedicated high-speed access to what is now one of the world’s most significant venues,” commented Randy Bucking, Director, IT & Global Networks at Orbixa. “Our clients demand fast and secure access to all their exchange destinations, and IPC’s Electronic Connectivity Services clearly provides the low latency performance we need, backed by dedicated bandwidth and proven reliability from a provider focused solely on the financial services marketplace.”
“We’re delighted that IPC is connecting Orbixa to BATS, and we look forward to welcoming a new generation of Orbixa equities traders to our exchange,” added Joe Bracco, vice president and head of U.S. Sales, BATS Exchange. “In just four years we’ve captured 11 percent market
share in U.S. equities, and this fall we’re launching a second U.S. equities platform, so it’s a great time for Orbixa to take advantage of IPC’s high-speed, reliable and scalable Electronic Connectivity Services to connect to BATS.”
“At IPC we already supply high-speed connectivity to more than 2,400 trading floors and exchanges across the globe, so we’re ideally placed to support venues such as the BATS Exchange as well as trading specialists such as Orbixa as they work to retain a competitive advantage in today’s global marketplace,” said Dave Brown, senior vice president, Network Operations, IPC Systems. “IPC is committed to providing trading customers with guaranteed delivery, maximum throughput and the lowest latency available for carrier-class dedicated Ethernet services. We’re delighted that Orbixa chose IPC as its financial networking partner for its critical BATS Exchange connectivity.”
Orbixa’s connectivity to BATS is part of IPC’s ongoing drive to leverage its high-capacity financial extranet infrastructure and provide firms with a scalable connectivity solution for extreme trading environments. IPC’s ECS platform is designed specifically for electronic trading, allowing traders to benefit from secure, dedicated bandwidth and select from a wide range of scalable and flexible connections to maximize evolving electronic trading requirements.