Jersey City, N.J. – IPC Systems, Inc., a leading provider of mission-critical voice and electronic communication solutions to the world’s top financial services firms and global enterprises, today announced that OTR Global, a marketplace research and channel intelligence firm, has enhanced both the business continuity and efficiency of its trading communications infrastructure by consolidating trader voice and data services with IPC.
OTR Global’s move to a new location presented an opportunity for the firm to investigate technologies to maximize the performance of its recently constructed disaster recovery site and provide better business continuity planning (BCP). By displacing their legacy voice infrastructure with IPC’s Trader Voice and Enhanced Voice Services (EVS), OTR Global not only achieved its BCP goal, but also transitioned from a multi-vendor environment to a single source provider – making their system easier to manage and maintain.
Additionally, OTR Global selected IPC’s Connexus Financial Extranet to provide the reach OTR Global needs for data services to capital markets worldwide at a cost savings.
“It means a lot to us to not affect any trader should we have an outage. So we were looking to have greater redundancy – making sure our trading floor is operating 100 percent of the time,” says Robert Benning, senior systems administrator, OTR Global. ”IPC offered us highly available, cost-effective and secure lines of communication so our traders can deliver unsurpassed value to our institutional investors. IPC covered all the bases the competition didn’t.”
“Additionally, OTR Global gains peace of mind with a more resilient network infrastructure,” says Dave Brown, Senior Vice President and Managing Director, Financial Markets Network, IPC. “With a single source provider for existing and future services, OTR Global simplifies billing and system management and significantly reduces costs for network services.”
Trader Voice, EVS and Connexus Financial Extranet services are part of IPC’s Financial Markets Network portfolio of solutions, which also includes Direct Connect and Managed VPN. IPC’s Financial Markets Network interconnects global financial centers and allows access to approximately 5,000 market participant locations in over 700 cities in nearly 60 countries.
IPC is a global provider of mission-critical network services and trading communication technology to the financial markets community. With complete focus on this sector and over 40 years of expertise, IPC provides customers with integrated solutions that support traders and participants across the entire trade lifecycle, including sell-side and buy-side financial institutions, inter-dealer brokers, liquidity venues, clearing and settlement firms, independent software vendors, corporate finance departments, financial information exchange providers and market data providers. IPC’s offerings include a unified communications/application platform, award-winning trading positions, managed voice and data connectivity solutions, compliance technologies, infrastructure management and a suite of enhanced service offerings. IPC’s global reach extends to more than 60 countries – including a network of 5,000 customer sites over 700 cities and an installed base of approximately 120,000 trading positions deployed worldwide. Headquartered in Jersey City, New Jersey, IPC has over 900 employees located throughout the Americas and the EMEA and Asia-Pacific regions. IPC’s mission is to continually innovate to support collaboration across the global financial community and address our clients’ needs in an ever-changing landscape.
OTR Global is among the industry’s most respected providers of marketplace and channel intelligence for institutional investors. The firm uses its global platform, channel research and client events to find intelligent, investible insights from around the world. Today, OTR Global has extensive reach, with offices in North America, Europe and Asia, as well as more than 130 research personnel in 18 countries with sources in more than 50 countries. For nearly 20 years, the firm has established long-lasting relationships with many of the largest and best-known mutual funds and hedge funds in the industry. OTR Global provides its research and other essential information to clients through syndicated research reports; notes, alerts and snapshots; custom projects and exclusive marketing events.
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