Cloud9 and IPC to Ring Nasdaq Stock Market Closing Bell in Celebration of Historic Next-Generation Voice Trading Solution Collaboration

WHAT:

IPC, a leading provider of communications and networking solutions for the financial markets, and Cloud9 Technologies (“Cloud9”), a leader in cloud-based communications, will visit the Nasdaq MarketSite in Times Square today.

IPC CEO Bob Santella and Cloud9 CEO Gerald Starr will together ring the Closing Bell in honor of their historic work on an advanced, open voice trading and collaboration solution that is set to transform the global financial markets.

“It is an honor to commemorate our firms’ next-generation cloud-based voice communication solution at this celebratory bell-ringing,” said Bob Santella, CEO of IPC.  “Cloud9 and IPC are paving the way to become the platform of choice for the rapidly changing financial and trading communities.”

“In recognition of the global trading community of which IPC and Cloud9 are proud to be a part, we are joining together to celebrate the transformation in voice trading that we are empowering,” said Gerald Starr, CEO of Cloud9.  “We are creating significant value for the industry overall by enabling a path to a cloud-based infrastructure and unified communication across channels.”

The companies’ integrated cloud-based service unites Cloud9’s C9 Trader™ voice communications and analytics platform, IPC’s Unigy™ trading communications platform and the Connexus™ Cloud financial ecosystem, providing the global trading community with a unified solution for endpoint connectivity, mobility, advanced data analytics and business continuity planning. Users and firms have access to one of the broadest worldwide communities of financial markets comprising top-tier buy-side and sell-side firms, inter-dealer brokers, trade life-cycle providers and other key market participants.

WHERE:

 Nasdaq MarketSite — 4 Times Square — 43rd & Broadway — Broadcast Studio

WHEN:

Tuesday, September 17, 2019 – 3:45 – 4:00 p.m. ET 

CONTACTS:

IPC Media Contact:

Drew Pierson

Finn Partners

+1 212 529 4810

Drew.Pierson@finnpartners.com

Cloud9 Technologies Media Contact:

P.J. Kinsella

Paragon PR for Cloud9

+1 973 255 7153

pj@paragonpr.com

Nasdaq MarketSite Media Contact:
Bianca Fata
(646) 441-5073
bianca.fata@nasdaq.com

Feed Information:

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DVBS QPSK

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Webcast:
A live stream of the Nasdaq Closing Bell will be available at:
https://new.livestream.com/nasdaq/live or http://www.nasdaq.com/about/marketsitetowervideo.asx

Photos:

To obtain a hi-resolution photograph of the Market Close, please go to http://www.nasdaq.com/reference/marketsite_events.stm and click on the market close of your choice.

About IPC

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).

About Cloud9 Technologies

Cloud9 Technologies is the leading voice communication and analytics platform designed for the unique needs of the financial markets. Cloud9 developed a solution that harnesses the voice communication talk path for the trading floor of the future – offering more functionality and analytic insight than legacy hardware at a fraction of the cost. Cloud9 connects counterparties across all asset classes via a cloud-based communication platform that eliminates the infrastructure and expense associated with legacy hardware and telecommunication-based solutions, with front-office focused data and transcription, purpose-built for the financial markets. For more information, visit: www.c9tec.com.

About Nasdaq:
Nasdaq (Nasdaq: NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today’s global capital markets. As the creator of the world’s first electronic stock market, its technology powers more than 100 marketplaces in 50 countries. Nasdaq is home to approximately 4,000 total listings with a market value of approximately $14 trillion. To learn more, visit: http://business.nasdaq.com.

Cloud9 and IPC to Launch Next-Generation Voice Trading Solution

NEW YORK, August 22, 2019 – IPC, a leading provider of communications and networking solutions for the financial markets, and Cloud9 Technologies (“Cloud9”), a leader in cloud-based communications, are working together to offer an advanced, open voice trading and collaboration solution. The integrated cloud-based service unites Cloud9’s C9 Trader™ voice communications and analytics platform, IPC’s Unigy™ trading communications platform and the Connexus™ Cloud financial ecosystem.

This agreement will provide the global trading community with a unified solution for endpoint connectivity, mobility, advanced data analytics and business continuity planning. Users and firms will have access to one of the broadest worldwide communities of financial markets comprising top-tier buy-side and sell-side firms, inter-dealer brokers, trade life-cycle providers and other key market participants.

Benefits of integrating these award-winning services for the global financial community include:

  • Seamless access to one of the world’s most expansive voice trading communities
  • Ease of transition to a cloud or hybrid environment
  • Holistic data records and enhanced analytics capabilities
  • Flexible subscription-based pricing that includes global end-to-end support
  • Integration and interoperability with third-party workflow tools

“Our next-generation voice communication solution paves the way for Cloud9 and IPC to become the platform of choice for the financial and trading communities,” said Bob Santella, CEO of IPC. “By working together, we are delivering a range of voice solutions that meet all end-user needs and address the demands of a rapidly changing marketplace.”

“This agreement and the complementary nature of IPC’s and Cloud9’s businesses create significant value for the industry at large,” said Gerald Starr, CEO of Cloud9. “By working with IPC to deliver this transformative integrated solution, we’re enabling firms to build smarter, more profitable and compliant business relationships.”

“We were early investors of Cloud9 because we recognized the transformation on the horizon in voice trading,” said David Hudson, Global Co-Head, Digital & Platform Services, J.P. Morgan.  “This partnership will provide the trading community at large a seamless upgrade and path to a cloud-based infrastructure — necessary steps to create a unified communications system across channels.”

In a major step forward, clients of both firms now have the option to select best-of-breed voice collaboration, telephony, data and compliance tools, creating a platform for more dynamic and efficient product development.

About IPC

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).

About Cloud9 Technologies

Cloud9 Technologies is the leading voice communication and analytics platform designed for the unique needs of the financial markets. Cloud9 developed a solution that harnesses the voice communication talk path for the trading floor of the future – offering more functionality and analytic insight than legacy hardware at a fraction of the cost. Cloud9 connects counterparties across all asset classes via a cloud-based communication platform that eliminates the infrastructure and expense associated with legacy hardware and telecommunication-based solutions, with front-office focused data and transcription, purpose-built for the financial markets. For more information, visit: www.c9tec.com.

IPC Joins the Financial Information Forum

NEW YORK – July 25, 2019 –  IPC, a leading global provider of secure, compliant communications and networking solutions for the financial markets community, today announces it has joined as a member of the Financial Information Forum. FIF offers members insight into front office, back office, technology and market data implementation issues impacting the securities industry, and will help IPC become better informed in customer network needs across the order lifecycle.

“IPC is deeply embedded in our customers’ businesses and constantly endeavors to enhance our overall value proposition by building on our on-going strategic initiatives,” said Jeffrey Britell, Vice President of Global Network Services, IPC. “We are joining the Financial Information Forum, the premier forum to address the implementation of industry trading connectivity initiatives, so that IPC can continue to give traders and financial firms the insight needed in a dynamic and changing market environment.”

FIF’s membership includes decision makers at broker-dealers, exchanges and vendors all seeking and sharing industry perspective on network implementation issues. Meanwhile, IPC’s flagship financial ecosystem, Connexus, consists of over 6,400 market participant locations in 700 cities around the world, providing access to industry-leading partners and providers. As a transformative, worldwide network provider, IPC closely aligns with industry bodies, including not just FIF, but FINRA, FIA and other vital regulatory authorities.

About IPC

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).

About the Financial Information Forum

The Financial Information Forum (FIF) addresses the issues that impact the financial information industry, from real-time decision support through securities processing. FIF provides a collaborative environment for subscribers to benefit from technology, regulatory, and market innovations. Financial institutions, vendors, and exchanges are encouraged to join the FIF, which serves as a focal point for coordination and communication on behalf of the industry. More information is available on the FIF website at www.fif.com.

 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.

IPC Wins ‘Best Trading Floor Communication System Provider’ for a Record Fourteenth Time in Prestigious 2019 Waters Rankings

NEW YORK – July 11, 2019 – IPC, a leading global provider of secure, compliant communications and networking solutions for financial market participants, continues to break Waters Rankings records with its recent win in the ‘Best Trading Floor Communication System Provider’ category. This marks the fourteenth time that IPC has been selected for this prestigious honor, holding the record for most wins in a single category in the awards program’s 17-year history. IPC has won for Unigy, its flagship solution.

“We are honored that, year after year, our Unigy platform is recognized by industry leaders, customers and partners,” said Bob Santella, Chief Executive Officer of IPC. “As the industry continues to evolve, we are consistently designing new solutions and developing our offerings to meet the evolving needs of financial organizations. Unigy is a prime example of our focus on making the trading environment more efficient and productive through a unified communications solution.”

Unigy is a widely adopted, secure, compliant, end-to-end solution purpose-built to address the specific needs of the global regulated financial markets community. Unigy has experienced robust growth in installations over the past year and seamlessly interoperates with IPC’s Connexus financial ecosystem -consisting of over 6,400 market participant locations in 700 cities around the world – with access to other industry-leading partners and providers.

“Innovative solutions are crucial in today’s fast-paced trading environment,” said Anthony Malakian, editor-in-chief of WatersTechnology Group. “IPC continues to maintain a high standard of achievement and respect among industry peers, evidenced by its consistent presence in the Waters Rankings.”

The Waters Rankings are the annual readers’ choice awards of Waters Magazine, which recognize the combined leadership of technological capabilities and human expertise in various categories. Qualified voters participating in the Waters rankings are from buy- and sell-side firms as well as exchanges and interdealer brokers.

About IPC

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.

IPC Collaborates with ZOOZBIT for End-to-End Cryptocurrency Trading

NEW YORK July 2, 2019 IPC, a leading global provider of secure, compliant communications and networking solutions for the financial markets community, announces today that IPC Connexus Cloud users can now access ZOOZBIT, a blockchain-based crypto financial services ecosystem. ZOOZBIT combines a traditional licensed bank, multi-asset exchange, and a variety of advanced cryptocurrency services.

“With the addition of ZOOZBIT to our vast Connexus Cloud ecosystem, we are continuing to empower financial markets participants in the growing digital currency market with access to a secure, 360-degree digital assets exchange” said Mike Smith, Director of Global Exchange Relations Management, IPC.

The world’s top financial institutions rely on IPC’s Connexus Cloud platform for trade execution, order routing, market data delivery, and accessing trade lifecycle services, while ZOOZBIT unites the fragmented cryptocurrency landscape enabling seamless transitions between cryptocurrencies and fiat currency, and vice versa. This joint end-to-end solution is supported by IPC’s community of over 6,400 global financial market participants.

“Both IPC and ZOOZBIT share the same passion and vision in building not only a product but also an ecosystem for any digital assets under one roof,” said Dror David, Founder and CEO, ZOOZBIT. “I’m confident IPC’s global community of market participants will find that ZOOZBIT enables widespread crypto-digital asset adoption in their individual portfolios.”

IPC’s collaboration with ZOOZBIT joins several cryptocurrency and blockchain initiatives the firm has undertaken in the past year to address growing customer interest in institutional-grade cryptocurrency surveillance and trading options.

About IPC

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).

About ZOOZBIT

ZOOZBIT is the 360° hybrid financial ecosystem. Developed by a group of Fintech experts with vast institutional experience in the development of technological solutions for the global financial industry, including Banks, Prop Trading, Hedge Funds, HFT firms, and Brokerages, ZOOZBIT owns and operates the BITZONEX platform, which is an online-based professional trading platform that hosts every major cryptocurrency and cryptographic token and FX on the market. BITZONEX is the most comprehensive platform out there, containing multiple trading and exchanging arenas both for institutional and end-users alike. Some of BITZONEX’s exclusive features include Crypto-2-Crypto, Crypto-2-Fiat, REPO market, Electronic-OTC with dark pool and P2P block trade, algorithmic trading, Guru-trading for assets managers, ETF creation & trading, a private social network with news & media channels and much more.

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.

IPC Wins ‘Best High Performance Network Services’ at TradingTech Insight Awards — North America 2019

New York – June 12, 2019 – IPC, a leading global provider of secure, compliant communications and networking solutions for financial market participants, today announced its Connexus Cloud platform was named the winner in the “Best High Performance Network Services” category in the prestigious TradingTech Insight Awards — North America 2019.

“Connexus Cloud allows firms anywhere in the world to trade faster and achieve greater agility, productivity and efficiency,” said Bob Santella, Chief Executive Officer of IPC. “This award is a testament of the industry’s recognition that IPC’s long-term strategic vision and continuous technological investments in Connexus Cloud provide our customers with a tremendous competitive global advantage.”

Connexus Cloud is an unparalleled multi-cloud solution for the global financial markets. By providing and integrating private and hybrid clouds, and enabling secure access to over 550 public clouds, Connexus Cloud empowers, rather than limits, the use of cloud for secured, guaranteed, high-performance data and voice communications. The Connexus Cloud multi-cloud platform links together the global capital markets. Sell-side firms, buy-side firms, inter-dealer brokers, liquidity venues, energy firms, trade lifecycle providers, and market-data as well as clearing and settlement firms, are all interconnected in an ecosystem of more than 6,400 capital market participants across 750 cities in 60 countries across the globe.

Produced by A-Team, the TradingTech Insight Awards — North America emphasize operational and product excellence in financial trading technology, and reflect the different challenges facing market practitioners and suppliers as they seek to develop trading and data solutions for the rapidly changing North American marketplace. The shortlist was selected by the TradingTech Advisory Board, as well as A-Team’s editorial team, with the winner chosen by the TradingTech Insight readership. This announcement comes on the heels of IPC winning “Best Cloud-Based Trading Environment” at the TradingTech Insight Awards Europe 2019 in February.

About the TradingTech Insight Awards

The TradingTech Insight Awards celebrate operational and product excellence in financial trading technology. This edition of the awards focuses particularly on technology solutions that cover North America and reflect the different challenges facing the numerous market practitioners and suppliers as they endeavor to develop trading and data solutions in the rapidly changing marketplace.

About IPC

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 make them secure, productive, compliant and connected. Learn more at https://www.ipc.com/

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.

IPC to Attend Asia Pacific Financial Information Conference (APFIC)

Hong Kong – 11 June 2019 – IPC, a leading global provider of secure, compliant communications and networking solutions for financial market participants, today announced it will be attending the Asia Pacific Financial Information Conference (APFIC), presented by WatersTechnology and FISD at Ritz Carlton Hong Kong, 11-12 June 2019.

As one of the leading financial information events in Asia, the conference is a renowned incubator for technology, data and information allowing innovative finance practitioners to share the latest updates in data strategy and technology innovations. The event will feature an exhibition, interactive round tables, interactive sessions and networking events with 350 delegates and 45 industry leading speakers. Key highlights include topics such as cloud data aggregation and distribution, AI and alt data as well as data management and regulation.

IPC’s Connexus Cloud is a high-performance financial markets cloud solution for data, voice, and enterprise communications and compliance. The dynamic platform integrates sell-side and buy-side firms, inter-dealer brokers, liquidity venues, energy firms, trade lifecycle services, market data and clearing + settlement firms, connecting more than 6,400 capital market participants across 750 cities in 60 countries across the globe.

IPC has offices throughout the Asia Pacific region, including Beijing, Hong Kong, Kuala Lumpur, Melbourne, Mumbai, Seoul, Shanghai, Singapore, Sydney, Taipei, and Tokyo.

About IPC

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 make them secure, productive, compliant and connected. Learn more at https://www.ipc.com/

About FISD

 FISD is a neutral forum that has served the financial information industry for 25 years. Our 200+ global member companies recognize that market data distribution and efficient trade execution require a high level of consistent and predictable service – all of which are dependent on the close cooperation of many independent organizations and systems. Industry stakeholders support FISD as the forum of choice to identify and resolve the business and technical issues that affect the administration, distribution and utilization of market data.

About WatersTechnology

 WatersTechnology has, since 1983, provided insight on technology and data that investment banks, exchanges, asset managers and hedge funds use to manage their day-to-day operations. Coverage spans the whole spectrum of financial technology, from security, data, regulation and compliance, to competitive analysis, organisational and business change. Each of these topics is covered in depth through a global series of events, including summits, awards, briefings, webinars and roundtables.

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.

IPC Wins Two SBR Technology Excellence Awards 2019

SINGAPORE – May 30, 2019 –  IPC, a leading global provider of secure, compliant communications and networking solutions for the financial markets community, today announces the win of two awards in the Singapore Business Review Technology Excellence Awards 2019.

Best Connectivity for Financial Services – Connexus Cloud earned IPC the award for “Connectivity for Financial Services”. IPC’s Connexus Cloud is a high-performance financial markets cloud solution for data, voice and enterprise communications and compliance. Connexus Cloud helps firms trade faster, scale with greater ease, and achieve greater agility, productivity and efficiency, resulting in a significant competitive advantage.

Best Infrastructure Technology for Financial Services – IPC’s Unigy platform was named the winner of the “Infrastructure Technology for Financial Services” category. Unigy, IPC’s flagship solution, has been recognized globally for years as the industry’s dominant trading and communications platform. It is a widely adopted, secure, compliant, end-to-end solution purpose-built to address the specific needs of the global regulated financial markets community.

“We are excited by the success and recognition of Connexus Cloud and Unigy in the Asia Pacific market” said Bruce Maslen, Vice President of APAC sales at IPC. “We will continue to deliver our promise of excellent service, thereby enabling companies in the financial sector to mitigate risks, diversify and protect their assets, and seize opportunities to build wealth for their customers.”

To express its appreciation for innovative technological solutions with a wide-ranging influence, Singapore Business Review (SBR) pays tribute to firms that have launched extraordinary products, services, and strategies in the past two years. To be recognized at the SBR Technology Excellence Awards 2019, nominees have to meet the criteria of uniqueness and innovation, effectiveness and impact, and dynamism, which are essential elements of success in the digital era.

The inaugural awards ceremony was held on May 30, 2019 at the Conrad Centennial Singapore.

 This year’s nominations were judged by a panel consisting of Cheang Wai Keat, Head of Advisory of Ernst & Young LLP; Darwin Thio, Director, Cybersecurity & Technology Services of Nexia TS; KPMG Head of Cybersecurity Daryl PereiraEvelyn Lim, Executive Director, Tax Advisory of BDO LLP, and; Jonathan Kok, Co-Head of Technology, Media & Communications Industry Group of RHTLaw Taylor Wessing LLP.

 About IPC

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.

Safeguarding FX Operations

By Tim Carmody, Chief Technology Officer, IPC

In every industry, there are movements and shifts to public cloud. Amazon, Google and Microsoft are taking the lead, moving significant amounts of computing requirements  to cloud services, and a significant portion of the marketplace is adopting noticing and following suit. In this article, I will discuss the role of public and private cloud in the FX trading environment, and how firms can ensure they are adequately protected.

There are a lot of advantages to using the public cloud, namely increased flexibility and simplicity. However, it also generates a number of inherent risks for FX traders. Indeed, what happens if there is a public cloud outage? In July 2018, Google experienced an outage to its public internet Global Load Balancers that impacted Spotify, Snapchat and other popular services, whilst the AWS S3 storage system suffered an outage in February 2017 leading to hundreds of websites, including Slack, Docker and Soundcloud, being affected. The reputational and, most importantly, financial impact of these outages was viewed as significant. According to a Lloyds of London report last year, the impact of a cloud outage at one of the major cloud providers could result in a loss of up to $19bn – an amount that could potentially cripple a huge number of businesses.

Utilising private connectivity

Unsurprisingly, outages are a legitimate concern for anyone putting business critical applications and data onto public cloud servers. The public cloud may be convenient, but in many cases it doesn’t meet privacy or performance requirements desired by most trading companies. Enterprises need to have faith that trades can be made and deals closed securely wherever or whenever they are trading.

In addition, firms often need computing resources co-located at major FX venues and command-and-control capabilities for management. Coupled with sensitive data and intellectual property of algorithms, this drives a use for hybrid clouds which leverage public cloud and private computing.

To remain competitive, FX traders need to be able to collaborate, share corporate resources and applications, and connect multiple business locations around the globe. Indeed, with trading books spanning multiple time zones over the course of a day, FX firms need performance guarantees that applications and services can be accessed and relied on as markets open and close around the world.

Firms are subsequently choosing to use private network connections as Cloud Connect and co-located algos to provide a holistic model with reliable, seamless access to business-critical services, mixed with applications housed in the cloud. Private clouds and connections not only safeguard corporate data, helping traders protect confidential information and meet stringent regulatory requirements, but they also optimise infrastructure Return on Investment (ROI), making it much more efficient and cost-effective. By lowering operational costs, FX traders are able to focus on their key business.

Furthermore, by locating resources at FX venues and using private connectivity, organisations are able to scale easily by adjusting bandwidth and modifying capacity on demand. Indeed, traffic is always inconsistent, with market trends and rapid volume swings.  Having the ability to manage burst traffic is therefore incredibly important for FX traders who require a reliable connection at all times.

Reliable, secure access and eco-system

IPC’s Connexus ecosystem is uniquely positioned to deliver access to the public cloud via its private cloud. For instance, firms can get to over 550 Cloud Service Providers (CSPs) and public clouds by using one secure connection to IPC. Connexus Hub provides a flexible model for co-locating resources at premier FX locations with global access for synchronisation and command-and-control.

The Connexus suite is a fully managed Network as a Service (NaaS) with Points of Presence in over 130 locations globally. Using its MPLS backbone, IPC can establish private network capabilities at any location around the world, and use those connections to provide access to public cloud providers, including AWS, Google Cloud and Microsoft Azure. Connexus Extranet, IPC’s Layer 3 extranet solution, has been built to the specifications of capital markets participants, as have all of IPC’s industry-leading solutions.

According to Gartner, about five percent of enterprise public cloud connections avoid using the public cloud in favour of private connectivity, and this number is expected to rise over the next decade. As businesses increasingly move their mission-critical applications to the cloud, network security and performance are becoming increasingly crucial. For FX traders, taking advantage of direct WAN cloud connectivity is the natural progression in ensuring their trades, communications and resources are sufficiently protected, whilst also delivering a high quality, seamless service.

View the article here

 

© 2019 IPC Systems, Inc. All Rights Reserved. The contents of this publication are intended for general information purposes only and should not be construed as legal or regulatory advice.

IPC Renews Partnership with Ellevate Network In Support of Inclusion and Professional Opportunities for Women

NEW YORK – May 15, 2019 –  IPC, a leading global provider of secure, compliant communications and networking solutions for the financial markets community, today announces the renewal of its partnership with Ellevate Network, the leading network for professional women, to expand professional development and networking opportunities for IPC’s female employees.

“Greater opportunities for women foster greater opportunity for all of IPC by enriching our entire workforce,” said Eileen Timmins Ph.D., Chief Human Resources Officer, IPC. “IPC is committed to fully supporting the inclusion of women, as we believe that a culture of diversity is an asset, generating greater ideas and innovation. We are continuing to support the development of our female leaders at IPC, and all whom we recruit, and hire. The partnership with Ellevate is a significant component in our global initiative.”

IPC has more than 1,100 employees in all major financial hubs. Through this partnership, IPC’s female employees will have the opportunity to form meaningful connections with other professional women within the Ellevate Network, gain access to Ellevate’s tools and resources, including webinars, articles, and podcasts, and build and hone their business development skills to advance their individual professional growth and careers. IPC will also co-host an event for employees and Ellevate members in their Jersey City Harborside office.

“We are very pleased to continue our corporate partnership with IPC,” said Kristy Wallace, CEO of Ellevate Network. “Their commitment to providing diverse talent with career opportunities and embracing an innovative culture driven by an inclusive workplace aligns with Ellevate Network’s mission to advancing women in the workplace.”

This initiative is part of IPC’s global Diversity and Inclusion Program, which focuses on fostering a greater sense of diversity and inclusiveness, and aligns with IPC’s ‘CORE4’ values. Learn more here.

About Ellevate Network

Ellevate Network is a community of professional women committed to helping each other succeed. We believe that when ambitious professional women get more opportunity — to have a voice in important conversations, to have a seat at the table where decisions are made, to steer our collective economic power towards that which we care about — it ultimately benefits everyone, and leads to a more equal world. Ellevate also works with companies committed to diversity and inclusion and has a proven track record of changing business culture from the inside out.

About IPC

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).

About Diversity & Inclusion at IPC

IPC is a global company operating in over 60 countries and is comprised of a culturally diverse employee team. In order to continuously attract, retain and nurture the best talent in our industry, IPC commits to promoting diversity across our workforce and fostering a sense of belonging within our team. IPC’s Diversity & Inclusion Program focuses on actively engaging employees by improving support and development with no prejudice as to characteristics such as gender, race, ethnicity, religious beliefs, sexual orientation, gender identity, age, culture, language or physical and cognitive disabilities. The program will leverage and celebrate individual differences to achieve greater success for employees and our company goals.

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.