IPC Systems, Inc., a provider of communications solutions to the global financial trading community, today announced that IEX Group has selected IPC’s Financial Extranetservice and Direct Connect data service for its connectivityneeds. Upon the effective date of its Form ATS filing with the Securities andExchange Commission, IEX will be the first registered Alternative Trading System(ATS) that has been funded exclusively by a group of Mutual Funds, Hedge Funds,and Family Offices.
Connexusand Direct Connect will provide IEX with access to keyfinancial market participants including sell-side firms, liquidity venues,market data providers, independent software vendors and data centers, as wellas inter- office connectivity. In addition, the IPC Financial MarketsNetwork offers IEX enhanced communications capabilities, improvedcustomer service, increased productivity and reduced administrative expenses.
“By deploying IPC’s Connexusmanaged infrastructure platform at our primary and back-up data centers, wegain access to a wide breadth of financial market participants” said RonanRyan, Chief Strategy Officer, IEX Group. “We chose IPC because of ourestablished relationship with them and their expertise in the space. Theirlevel of support and service matches the world-class standards we’resetting for a fairer, higher quality marketplace for allparticipants.”
“IPCis committed to providing industry leading, value-added network solutions for thefinancial services community in a reliable and secure environment,” said JoePickel, Vice President, Network Services Product Management, IPC. “Connexus andDirect Connect provide IEX Group with financial extranet and directconnectivity services that offer global reach and superior customer servicealong with fast and efficient access for their subscribers.”
Connexusis part of the IPC Financial Markets Network service portfolio which alsoincludes private extranet and Direct Connect data services, as well as Traderand Enhanced voice connectivity services. IPC’s Financial Markets Networkinterconnects global financial centers and allows access to more than 4,000market participant locations in over 700 cities in nearly 60 countries. Built on an IP/MPLS backbone, the highly scalable and secure Connexussupports a number of industry standard and trading protocols.
IEX is the first equity tradingvenue owned exclusively by a consortium of buy- side investors, including mutualfunds, hedge funds, and family offices. Dedicated to institutionalizingfairness in the markets, IEX will provide a more balanced marketplace fortraditional investors via simplified market structure designand cutting-edge technology. IEX offersa fair-access platform to any qualified broker dealer. Slated to launch in Q4 2013, IEXis driven by a team of cross-industry experts with backgrounds spanning marketvenues, electronic trading, and broker-dealers.
IPC offers high- andlow-touch trading communications solutions to the global financial tradingcommunity including the top investment banks, hedge funds and investmentmanagers in established and emerging markets. With a 100-percent focus on thissector and nearly 40 years of expertise and an unrivaled record of innovation,IPC provides customers with unified solutions that support collaborative voicetrading 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 includingenhanced voice services, business continuity solutions, and follow-the-sunservice 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 andmore than 115,000 turrets deployed worldwide. Headquartered in Jersey City, NewJersey, IPC has approximately 1,000 employees located throughout the Americasand the EMEA and Asia-Pacific regions.