IPC Systems, Inc., a leading provider of voice and electronic trading communications solutions to the world’s top financial services firms and global enterprises, today announced that Instinet, a global agency-only broker* and electronic trading pioneer, has joined IPC’s Connexus Financial Extranet service.
Using IPC’s Connexus, financial institutions across the globe can now quickly and cost-efficiently access Instinet’s full suite of trading tools, including the award-winning Newport® 3 EMS, the Execution Experts® algorithms and Instinet’s low-latency SmartRouter.
“Instinet is an electronic trading pioneer, having introduced some of the industry’s truly game-changing technologies throughout its history. That heritage of excellence lives on today through the firm’s highly-regarded trading suite and we’re pleased to help users access the platform in a cost- effective manner by adding Instinet to the Connexus network,” Joe Pickel, vice president, Network Services Product Management, IPC, said.
“Next-generation trading networks have to respond to increased demands for reliability, security and efficiency,” Pickel said. “By offering connectivity to Instinet through Connexus, IPC is reaffirming its long-standing commitment of providing industry leading, value-added network solutions to the global trading community.”
Connexus is part of the IPC Financial Markets Network service portfolio which also includes private extranet and DirectConnect data services, as well as Trader and Enhanced voice connectivity services. IPC’s Financial Markets Network interconnects global financial centers and allows access to more than 4,000 market participant locations in over 700 cities in nearly 60 countries. Built on an IP/MPLS backbone, the highly scalable and secure Connexus supports a number of industry standard and trading protocols.
*Through regional brokerage subsidiaries
Instinet, a global agency-only broker, will soon serve as the independent equity trading arm of the Nomura Group. Through an advanced suite of electronic trading tools, innovative high-touch trading model and unparalleled access to insightful content and unique agency-only liquidity, Instinet helps institutions globally lower overall trading costs and ultimately improve investment performance. Throughout its 40+ year history, Instinet has been a true electronic trading pioneer, having introduced a range of now industry- standard trading technologies as well as the world’s first major electronic trading venue in 1969, one of the first recognized U.S. ECNs in 1997 and, most recently, the Chi-X businesses. For more information, please visit www.instinet.com or follow Instinet on Twitter.
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 a 100-percent 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 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 nearly 60 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.