LONDON – July 1, 2020 – IPC, a leading global provider of secure, compliant communications and networking solutions for the global financial markets community, announced today its expansion into the London Metal Exchange (LME), the world center for industrial metals trading. IPC’s global customer ecosystem utilizes its flagship Connexus Cloud platform for trade execution, order routing, market data delivery, and accessing vital marketplaces like LME that serve as a global reference for prices.
“The LME is incredibly valuable to investors,” said Chris McQuade, Vice President Network Operations EMEA, IPC. “It’s the perfect hedging venue, and we at IPC are thrilled to be able to offer our customers instant access to what is truly one of the most important markets in the world.”
Most of the world’s non-ferrous metals business is conducted on the LME’s three trading platforms: LMEselect (electronic), the Ring (open outcry) and the 24-hour telephone market. In 2019, 176 million lots were traded at the LME equating to $13.5 trillion. Trading on the LME often exceeds world metal production by a factor of 40.
IPC’s Connexus Cloud is an unparalleled multi-cloud platform for the global financial markets, an ecosystem that interconnects more than 6,600 diverse capital market participants across 750 cities in over 60 countries. Market participants interested in speaking to IPC subject matter experts about Connexus Cloud can schedule a meeting with us. We also encourage you to learn more at www.ipc.com.
IPC is a technology and service leader powering the global financial markets. We help 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 help make them secure, productive, compliant and connected. Visit ipc.com and follow us on LinkedIn and Twitter (@IPC_Systems_Inc).
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.