Jersey City, NJ – 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 equity options marketplace with the addition of BOX Options Exchange (BOX) to the IPC Financial Markets Network. BOX is an all-electronic equity options market designed to empower participants by providing an efficient marketplace and cutting-edge technology.
The expanding global pool of assets under management and increasing volatility in the markets are driving burgeoning buy-side interest in trading options. The equity options asset class is witnessing a perfect storm for network technology with reliable connectivity throughout the trade lifecycle and the ability to rapidly access a ready-made ecosystem of market participants emerging as two of the most critical elements for mitigating the buy-side’s operational, market, business and investment process risks.
“Investors in equity options are demanding more choices when searching for liquidity, executing trades and managing risks,” said Patrick Zielinski, Senior Vice President, Market Operations and Technology, BOX. “We are thrilled to partner with IPC to expand our investor base of traditional asset managers and alternative investment managers executing equity option trades and hedges.”
“It is our singular focus to provide our institutional investor community with efficient, liquid markets where they can successfully hedge investment risk and unearth profitable opportunities,” said David Brown, Senior Vice President and Managing Director, Financial Markets Network, IPC. “Access to a large and diverse ecosystem of equity options market makers and liquidity venues is crucial to the effective execution of trading and risk management strategies of investors. We are excited to welcome BOX to our equity options trading ecosystem.”
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.
BOX is an all-electronic equity options market that is jointly owned by the TMX Group and a group of broker-dealers. BOX was established in 2002 and launched trading in February 2004 as an alternative to the then-existing market models. Since its inception, BOX has provided BOX Participants with an efficient, transparent marketplace, cutting-edge technology, and best price filtering for customer order execution.
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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