Jersey City, NJ and Mumbai, India – IPC Systems, Inc., a leading global provider of specialized communications and managed network-as-a-service solutions for the financial trading community, today announced that it continues to grow its financial marketplace in the Asia-Pacific region with the addition of BSE to the IPC Financial Markets Network (FMN). The announcement is part of IPC’s continued global network expansion and empowers domestic and foreign investors to trade equities, fixed income, FX and derivatives in the Indian markets.
Established in 1875, BSE is Asia's first stock exchange and now India’s fastest exchange with the speed of 6 microseconds. More than 5300 companies are listed on BSE making it the world's leading exchange in terms of listed members. The companies listed on BSE command a total market capitalization of USD 1.60 Trillion as of November 2015.
In order to satisfy the demand for market data connectivity to India, IPC has entered into an agreement with Tata Group, a global enterprise headquartered in India, and comprising over 100 operating companies. Under the terms of this agreement, IPC’s FMN is able to provide capital market participants with the secure, reliable connectivity they need to access India’s markets while meeting local regulatory requirements.
“The ability to successfully execute complex trades, source liquidity and managed risk is increasingly governed by having reliable connectivity throughout the trade lifecycle and access to ecosystems,” said Ashishkumar Chauhan, MD & CEO, BSE. “We are delighted to partner with IPC to expand both our global reach and the communications choices of our diverse investor pool.”
“India has embarked on an extended growth cycle and we are consequently seeing a dramatic increase in the need for connectivity to the country’s capital markets from foreign institutional investors,” said David Brown, Senior Vice President and Managing Director, Financial Markets Network, IPC. “We are confident that the addition of BSE to our financial marketplace will benefit the global institutional investor community seeking to generate superior risk-adjusted returns in the Indian capital markets. We are excited to welcome Asia’s oldest stock exchange to the IPC Financial Markets Network.”
The IPC Financial Markets Network service portfolio includes the Connexus Financial Extranet and Direct Connect data services, as well as Trader and Enhanced Voice connectivity services. IPC’s Financial Markets Network interconnects global financial centers and allows access to approximately 5,000 market participant locations in over 700 cities in nearly 60 countries.
About BSE Ltd
BSE (formerly Bombay Stock Exchange Ltd.) – Established in 1875, BSE Ltd. (formerly known as Bombay Stock Exchange Ltd.), is Asia’s first & fastest Stock Exchange with the response time of 6 microseconds and one of India’s leading exchange groups and has played a prominent role in developing the Indian capital market. BSE is a corporatized and demutualised entity, with a broad shareholder-base which includes two leading global exchanges, Deutsche Bourse and Singapore Exchange as strategic partners. BSE provides an efficient and transparent market for trading in equity, debt instruments, equity derivatives, currency derivatives, interest rate derivatives, mutual funds and stock lending and borrowing. BSE also has a dedicated platform for trading in equities of small-and-medium enterprises (SME). BSE provides a host of other services to capital market participants including risk management, clearing, settlement, market data services and education. It has a global reach with customers around the world and a nation-wide presence. BSE systems and processes are designed to safeguard market integrity, drive the growth of the Indian capital market and stimulate innovation and competition across all market segments. Indian Clearing Corporation Limited, the wholly owned subsidiary of BSE, acts as the central counterparty to all trades executed on BSE platform and provides full novation guaranteeing the settlement of all bonafide trades executed on the BSE Platform. BSE Institute Ltd, a fully owned subsidiary of BSE, runs one of the most respected capital market educational institutes in the country. Central Depository Services Ltd. (CDSL), a subsidiary of is one of the two central depository services in India. For more information, visit www.bseindia.com.
IPC is a global provider of mission-critical network services and trading communication technology to the financial markets community. With complete focus on this sector and over 40 years of expertise, IPC provides customers with integrated solutions that support traders and participants across the entire trade lifecycle, including sell-side and buy-side financial institutions, inter-dealer brokers, liquidity venues, clearing and settlement firms, independent software vendors, corporate finance departments, financial information exchange providers and market data providers. IPC’s offerings include a unified communications/application platform, award-winning trading positions, managed voice and data connectivity solutions, compliance technologies, infrastructure management and a suite of enhanced service offerings. IPC’s global reach extends to more than 60 countries – including a network of 5,000 customer sites over 700 cities and an installed base of approximately 120,000 trading positions deployed worldwide. Headquartered in Jersey City, New Jersey, IPC has over 900 employees located throughout the Americas and the EMEA and Asia-Pacific regions. IPC’s mission is to continually innovate to support collaboration across the global financial community and address our clients’ needs in an ever-changing landscape. For more information, visit www.ipc.com.
Certain statements contained in this press release may be forward-looking statements. These statements may be identified by the use of forward-looking terminology such as "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "might," "plan," "potential," "predict," "should" or "will" or similar terminology. Any forward-looking statements are based on current expectations, assumptions, estimates and projections. Such forward looking statements involve known and unknown risks and uncertainties, many of which are beyond our control. Actual results may differ materially from any future results expressed or implied by these forward-looking statements.