New York, NY – April 13, 2016 – IPC Systems, Inc., a leading global financial markets technology and service provider, announced its collaboration with Algomi, the network company providing information-matching solutions for the optimization of fixed income liquidity, to partner on the delivery of Algomi’s DealCall, an application which leverages IPC’s Financial Markets Cloud.
DealCall will be integrated into both Algomi’s award-winning Honeycomb platform and IPC’s community of financial market participants, enabling Honeycomb users to swiftly and securely connect to their dealers.
IPC and Algomi are working together to enable seamless communication for buy-side users of the Honeycomb application. With one click, users can access on-demand connectivity to their chosen sales coverage teams at their chosen banks. By bringing together the IPC community of over 6,000 diverse market participants and Algomi’s applications, DealCall creates a rich, secure and market enhancing experience for customers.
“We are very excited to be collaborating with Algomi,” said Neil Barua, CEO of IPC, “The successful implementation of DealCall on the IPC Financial Markets Cloud means Honeycomb network participants can work with their counterparts on large sensitive trades in an efficient and secure manner”.
DealCall will introduce an enhanced level of productivity and efficiency as Honeycomb network participants will have an integrated experience and be able to immediately communicate with counterparties. The users of the Honeycomb can now access bond information and dynamically communicate using instant messaging and instant voice communications.
“We are thrilled to be working with IPC to leverage their leading communication technology to enrich the Honeycomb client experience. The investor is able to deal in size, seek best execution, and remain discreet in the market. They can choose to communicate by voice, or existing secure instant messaging.” said Stu Taylor, CEO of Algomi. “Both Algomi and IPC share a common goal of empowering market participants to source liquidity, generate alpha and mitigate risk in the fixed income markets.”
IPC is a technology and service leader that powers financial markets globally. We help clients anticipate change and solve problems, setting the standard with industry expertise, exceptional service and comprehensive technology. With customers first and always, we collaborate with each to understand their individual needs to help make them secure, productive and compliant within our connected community. Through service excellence, long-developed expertise and a focus on innovation and community, we provide agile and efficient ways for our customers to accelerate their ability to adapt to the ever–changing requirements for advanced data networks, compliance and collaboration with all counter-parties across the financial markets.
Algomi creates the bond information network that enables all market participants to securely and intelligently harness data to make valuable financial trading connections. In the ever-changing landscape of capital, leverage and liquidity requirements, Algomi’s revolutionary technology empowers fixed income professionals to fulfil their precise needs, for both sides of the market. By maximising the relationships between salespeople, traders and investors, the Algomi Honeycomb suite of scalable software greatly increases the opportunities and velocity in large and illiquid voice trades between banks, institutional investors and exchanges.
For banks, Algomi creates both a real-time internal network of salespeople and traders, and a discreet dynamic connection to their universe of investor clients and interbank parties. Using their own data, external aggregators and other sources; Algomi enables banks to identify the best trade opportunities and to generate efficient collaboration between traders, salespeople and their clients.
For portfolio managers, investor dealers and compliance teams, Algomi Honeycomb turns complex data systems into actionable knowledge. Helping investors trade with increased speed and success. Capturing the heartbeat of the world’s trading floors, Honeycomb provides the data and market insight vital to selecting the right banks and the right time to trade.
Algomi was founded in 2012 by Stu Taylor (Former Global Head of Matched Principal Trading and creator of PIN-FI at UBS), Usman Khan and Robert Howes (Founders of CAPXD), and Michael Schmidt (Former Head of European Credit Trading and IB Board Member at UBS. Backed by investment from Lakestar and an exceptional panel of Strategic Advisors, the Algomi team has grown to 120 employees with offices in London, New York and Hong Kong. 33Talgomi.com33T
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.
In addition, nothing contained herein is intended to be, nor shall it be construed as, investment advice, nor is it to be relied upon in making any investment or other decision. Neither Algomi Limited nor Algomi Corporation is regulated, registered as a broker-dealer or investment adviser in any jurisdiction. Prior to making any investment decision, you are advised to consult with your broker, investment adviser, or other appropriate tax or financial professional to determine the suitability of any investment. Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment or investment strategy will be profitable or equal any historical performance level(s).
Neither Algomi Limited, Algomi Corporation, any of its affiliates, nor each of their respective officers, directors, members, agents, representatives, employees, or contractors, shall be responsible or have any liability for investment decisions based upon, or the results obtained from, the information systems discussed herein. You assume all risks of loss resulting, directly or indirectly, from the use of such information systems.
Honeycomb and DealCall are the trade marks of Algomi Limited.