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 National Stock Exchange of India (NSE) 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.
The NSE is a leading exchange in India and has played a catalytic role in reforming the Indian securities market in terms of microstructure, market practices and trading volumes. The NSE operates an electronic market, offering trading in many products including equities, equities based derivatives, currency futures and options, equity based ETFs and government securities.
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.
“Investors in the Indian markets are demanding more connectivity options for sourcing liquidity, devising optimal trading approaches and managing risks,” said Mukesh Agarwal, CEO, DotEx and IISL (DotEx and IISL are wholly owned subsidiaries of NSE). “We are excited to partner with IPC to expand our global base of institutional investors that are executing trading strategies across multiple asset classes.”
“India is one of the world’s most captivating secular growth stories and we are seeing tremendous interest in the country’s capital markets from global investors,” said David Brown, Senior Vice President and Managing Director, Financial Markets Network, IPC. “We are thrilled to welcome the NSE to our financial marketplace and enable the global buy-side community to tap into the Indian markets.”
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 National Stock Exchange of India Ltd (NSE)
In its 20 year history, NSE has transformed the capital market, based on technology, innovation, high standards of governance and management practices. NSE's business practices and high levels of integrity have earned it the trust of the financial markets worldwide. Besides being a platform of choice for all exchange traded financial products in India, NSE’s flagship index, the Nifty 50, has become a benchmark national level economic parameter. Since inception, the exchange has been covered extensively by global media and has won many accolades as recognition of this remarkable journey. For more information, visit www.nseindia.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.
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