SINGAPORE, JANUARY 10, 2023 – IPC Systems, a leading provider of secure, compliant communications and multi-cloud connectivity solutions for the global financial markets and trading community, has received approval to become an International Network Carrier (INC) to the NSE International Exchange in India.
By establishing connectivity to NSE IFSC, IPC is strengthening its position as a connectivity services provider to all the main Indian markets with NSE’s International sister company, NSE and BSE (Bombay Stock Exchange), already connected. The approval permits IPC to provide connectivity to international businesses outside of India for firms collocated within the facility. NSE International is based in GIFT City (Gujarat International Finance-Tec City), a special economic zone established in Gujarat province and a separate entity to NSE, to which IPC is already connected. NSE IFSC has been created to help grow the financial market and bring capital into India.
In July 2022, NSE IFSC-SGX Connect was created to allow global investors to trade US dollar-denominated NIFTY equity derivatives through SGX but based in GIFT City and is expected to create a larger pool of liquidity for NIFTY products. The NIFTY 50 is a leading Index comprised of the top 50 companies quoted on the NSE. This trading arrangement presents an arbitrage opportunity for businesses trading NIFTY 50 between India and Singapore. Businesses that want to connect to both locations can consolidate connectivity providers as well as access competitively priced low latency connectivity between India and Singapore.
John Owens, IPC’s Director of Global Exchange Relationship Management commented, “The approval to become an International Network Carrier (INC) to the NSE International Exchange in India demonstrates the continued expansion of our Exchange Portfolio and shows global enterprises that IPC can facilitate bi-party trading relationships through our connectivity services.”
IPC is a technology and service leader powering the global financial markets. We leverage 50 years of experience in delivering specialized communications solutions, helping clients anticipate, change and solve problems, setting the standard with industry expertise, exceptional service, and comprehensive technology. With a customer-first mentality, IPC brings together one of the largest and most diverse global financial ecosystems spanning all asset classes and market participants. As the enabler of this ecosystem, IPC empowers the community to interact, transact and react to market changes and challenges, and we collaborate with our customers to make them secure, productive, compliant, and connected. Visit ipc.com and follow us on Linkedin and Twitter.