China Aviation Oil Chooses Unigy from IPC Systems As Its New Unified Trading Communications Platform
Jersey City, N.J. – September 7, 2011 – IPC Systems, Inc., a leading provider of trading communications solutions to the world’s top financial services firms and global enterprises, today announced that China Aviation Oil (Singapore) Corporation Ltd. (CAO) has chosen IPC’s new state-of-the-art trading communication system, Unigy™ to be part of its energy trading platform, equipping CAO with a latest trading communications technology that can adapt to the rapidly changing markets.
Developed for today’s markets where speed, efficiency, and feature functionality are critical, Unigy is a specialized, unified trading communications solution designed to meet the ever changing needs of the market and the exacting requirements of energy traders. Unigy provides both optimum platform control, as well as, application solutions to enable communication flows across all business functions.
Kelvin Lau, IT Manager of CAO, said: “The inherent reliability and system-management flexibility of the Unigy solution was the key driver in our decision. Unigy means energy and space saving efficiencies for our data center, unified and simplified management for our IT staff, and most importantly, tools for improved speed, better collaboration and efficiencies across the entire trading workflow for CAO’s energy traders. Being able to provide secure mobility to our traders because of Unigy provides the flexibility needed– especially in a constantly changing business environment”.
IPC has successfully rolled out other solutions and services for the traders of CAO previously. According to David Dodd, Senior Vice President & Managing Director Asia, IPC Systems, this proven track record also helped CAO to make its final decision. “There is already an excellent, long-standing, relationship between our companies,” he said. “To reach a decision, CAO listened hard to its internal teams – IT staff and the traders themselves – who provided detailed requirements of their needs, as well as positive feedback regarding the benefits of working with IPC’s solutions and IPC’s service excellence. Ease of use, look, feel and sound of the solution were important factors in the decision to choose Unigy, as well as the SIP architecture, system footprint, platform control and management and the application capabilities of the platform to ensure future-proofing.”
Unigy is the first unified trading communication solution built on an open applications architecture, using Unigy’s Blue Wave Application Development Platform which will allow CAO to have the right solutions for the market today and moving forward.
CAO is the largest physical trader of jet fuel in the Asia Pacific region and the key supplier of imported jet fuel to the PRC civil aviation industry. CAO also engages in international trading of jet fuel and other oil products. CAO owns investments in strategic oil-related businesses, which include Shanghai Pudong International Airport Aviation Fuel Supply Company Ltd and China National Aviation Fuel TSN-PEK Pipeline Transportation Corporation Ltd. CAO is listed on the mainboard of the Singapore Exchange SecuritiesTrading Limited.
IPC offers high and low touch trading communications solutions to the global financial trading community including the top investment banks, hedge funds and investment managers in established and emerging markets. With 100% focus on this sector and nearly 40 years of expertise and an unrivaled record of innovation, IPC provides customers with unified solutions that support collaborative voice trading and real-time electronic trading and market data connectivity.
IPC’s market-leading offerings include the first unified communications/application platform, award-winning hard and soft turrets, electronic connectivity services including enhanced voice services, business continuity solutions, and follow-the-sun service and support. IPC’s global reach extends to more than 50 countries – including a Financial Extranet of 4,000 on-net locations in over 700 cities and more than 115,000 turrets deployed worldwide. Headquartered in Jersey City, New Jersey, IPC has approximately 1,000 employees located throughout the Americas and the EMEA and Asia-Pacific regions. For more information, visit www.ipc.com.