Customers Vote IPC ‘Best Trading Floor Communications System Provider’ in Waters Technology Rankings

NEW YORK — July 14, 2016 – IPC, a leading global financial markets technology and service provider, has for the sixth consecutive year been voted “Best Trading Floor Communication System Provider” in the Waters Rankings.

“We truly value this award as it is based on votes of our customers. It is a great honor that they have consistently recognized us as the top turret and trading communications provider,” said Don Henderson, Senior Vice President, Product and Customer Service. “We are committed to meeting the needs of our global customer community, and this affirms their confidence in IPC’s leading technology and service to do just that.”

IPC’s community includes more than 200,000 users that use IPC’s communication solutions to exchange information and collaborate in real-time.  The offerings include Unigy, IPC’s next-generation work-flow platform. Unigy provides on-demand, secure, compliant communications to customer front, middle and back-office teams. It offers an unprecedented level of flexibility to leverage capabilities across IPC workstations like IQ/MAX Touch, and also PC and mobile endpoints.

 “As the industry continues to evolve, we are progressing our technology to meet the changing needs of our customers, whose support is invaluable,” adds Henderson.  “We are transforming compliance from a regulatory obligation into a competitive advantage by developing specialized, innovative solutions that enable them to not only mitigate risk, but also enhance their trading operations.”

“Waters Magazine has turned to its expert readers for the past 14 years to determine the top vendors in their respective fields for the annual Waters Rankings. For a sixth year, Waters readers have chosen IPC as Best Trading Floor Communications System Provider, and when totaled with IPC’s previous honors as the Best Trading Turret, they have ranked 11 times out of 12,” said Anthony Malakian, U.S. editor, Waters.

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 inter dealer brokers. More than 1,000 voters chose the best financial IT solution and services in the annual Waters Rankings. The Best Trading Floor Communications System Provider category supersedes the best trading turret provider category in the Waters Rankings, which IPC won six of the seven years the category was on offer: 2004 through 2006 and then 2008 through 2010.

About IPC

IPC is a technology and service leader that powers financial markets globally. We help clients anticipate change and solve problems, setting the standard with industry expertise, exceptional service and comprehensive technology. With customers first and always, we collaborate with each to understand their individual needs to help make them secure, productive and compliant within our connected community. Through service excellence, long-developed expertise and a focus on innovation and community, we provide agile and efficient ways for our customers to accelerate their ability to adapt to the ever–changing requirements for advanced data networks, compliance and collaboration with all counter-parties across the financial markets. 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.

About Waters

Each month, Waters reports and analyzes the practical implementation of financial technology in the wholesale banking and securities industries. Since its launch in 1993, financial IT professionals worldwide have relied on the magazine for its focused, in-depth coverage of financial market data and technology as well as the human issues of talent management, staff retention and compensation within the financial services community. With more than 10,000 subscribers, Waters readers enjoy the insights of CIOs and CTOs from the global capital markets. Waters is published by Incisive Media Plc. For more information, please visit www.watersonline.com and www.incisivemedia.com.

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REDI Joins IPC’s Rapidly Growing Secure Financial Markets Cloud

NEW YORK – July 6, 2016 – IPC Systems, Inc., a leading global provider of specialized communications and managed network-as-a-service solutions for the financial trading community, today announced that it continues to grow its rapidly expanding and diverse financial marketplace with the addition of REDI Global Technologies to the IPC Financial Markets Network (FMN). IPC’s ecosystem of buy-side and sell-side firms can now reliably and securely access REDI’s trade management platform, supporting the entire trade lifecycle

“In today’s environment investors and brokers require efficient and dependable access to their trading platforms,” said Michael Sirchia, Head of Infrastructure at REDI. “We are pleased to partner with IPC to expand the reach of our industry-leading trade management platform, which allows clients to trade any exchange-traded instrument in virtually any market, with any counterparty, globally.”

“Institutional investors, asset managers, hedge funds and brokers continue to demand secure and compliant connectivity solutions to access counterparties, trade lifecycle services and market data,” said David Brown, Senior Vice President and Managing Director, Financial Markets Network, IPC. “We are delighted to collaborate with REDI to provide cutting-edge solutions to our diverse community of market participants and empower them to generate alpha, source liquidity and mitigate risk.”

The IPC Financial Markets Network service portfolio includes the Connexus Financial Extranet, Direct Connect and MPLS WAN data services, as well as Trader and Enhanced Voice connectivity services. IPC’s Financial Markets Network interconnects global financial centers and allows access to more than 6,000 market participant locations across 700 cities in more than 60 countries.

Download the Press Release here

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About REDI

At REDI, we are focused on bringing a new level of efficiency, transparency and openness to the trading process by building a collaborative community of investors, brokers, technology firms and content providers.

Through our modular, end-to-end trade management platform, users can execute everything from simple single stock trades to complex strategies across markets and time zones and manage your risk throughout the trade lifecycle. Access our growing network of over 175 execution brokers to route Equities, Futures or Options orders globally, as well as dozens of integrated prime and clearing brokers through our expanding suite of middle office tools. Collaborate with our broker and vendor partners, who are able to efficiently plug into our platform to reach our community of more than 5,000 active users.

REDI was among the industry’s first providers of trading technology and has pushed the state-of-the-art forward for more than 20 years. Today, with the backing of our investors – Bank of America Merrill Lynch, Barclays, BNP Paribas, Citadel, Goldman Sachs and Lightyear Capital – we’re building on our history of innovation to become an open, industry-backed ecosystem for the entire trading community. www.redi.com

About IPC

IPC is a technology and service leader that powers financial markets globally. We help clients anticipate change and solve problems, setting the standard with industry expertise, exceptional service and comprehensive technology. With customers first and always, we collaborate with each to understand their individual needs to help make them secure, productive and compliant within our connected community. Through service excellence, long-developed expertise and a focus on innovation and community, we provide agile and efficient ways for our customers to accelerate their ability to adapt to the ever–changing requirements for advanced data networks, compliance and collaboration with all counter-parties across the financial markets. 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 provides connectivity to Hotspot FX Market

IPC is now a connectivity provider to Hotspot which is owned and operated by BATS Global Markets, enabling IPC’s diverse ecosystem of buy-side and sell-side clients to gain access to the Hotspot market. Hotspot’s average daily volume in April 2016 was $25.6 billion and total trading volume was $537.4 billion. The company’s diverse customer base is comprised of more than 220 clients including banks, market makers, hedge funds and various institutions.

“We’re pleased to partner with industry providers like IPC to allow our members maximum flexibility and connectivity efficiencies in accessing our market,” said Bill Goodbody, Jr., Senior Vice President and Head of FX at Bats. “We strive to provide our customers with connectivity choice and we are pleased to have IPC on board as a partner, providing more customers access to the strong liquidity on Hotspot.”

IPC’s Financial Market Network Provides Secure Access to Brazil to Trade and Manage Risks

Chicago and São Paulo – June 29, 2016 – The CME has announced that effective end of day Friday, October 28, order routing and market data for BM&F BOVESPA (BVMF) products will no longer be available via the CME Globex platform.

IPC is currently enabling market participants to continue to trade in Brazil with the IPC Financial Markets Network. Through a single connection into the diverse global IPC ecosystem, firms can access IPC’s comprehensive suite of mission-critical, multi-modal communications solutions for:

–       Sourcing liquidity

–       Achieving best execution

–       Capturing alpha

–       Latency-sensitive trading

–       Price discovery

–       Gaining speed to market

–       Reducing capital and operational costs

The IPC Financial Markets Network service portfolio includes the Connexus Financial Extranet, Direct Connect and MPLS WAN data services, as well as Trader and Enhanced Voice connectivity services. IPC’s Financial Markets Network interconnects global financial centers and allows access to more than 6,000 market participant locations across 700 cities in more than 60 countries.

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About IPC

IPC is a technology and service leader that powers financial markets globally. We help clients anticipate change and solve problems, setting the standard with industry expertise, exceptional service and comprehensive technology. With customers first and always, we collaborate with each to understand their individual needs to help make them secure, productive and compliant within our connected community. Through service excellence, long-developed expertise and a focus on innovation and community, we provide agile and efficient ways for our customers to accelerate their ability to adapt to the ever–changing requirements for advanced data networks, compliance and collaboration with all counter-parties across the financial markets. 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 Launches Financial Markets Cloud Service for Trading ETFs

NEW YORK – June 29, 2016 – IPC Systems, Inc., a leading global provider of specialized communications and managed network-as-a-service (MNaaS) solutions for the financial trading community, today announced the launch of a Financial Markets Cloud service for securely and reliably trading exchange-traded funds (ETFs). The groundbreaking solution introduced today enables sell-side firms as well as IPC’s diverse community of over 4,000 buy-side firms comprised of institutional investors, insurance companies, corporate treasuries, asset managers and hedge funds to trade ETFs electronically or via voice.

“ETFs provide transparency, standardization and tight bid-ask spreads in addition to offering market makers an efficient way to manage and transfer risk,” said Anthony Perrotta, Partner and Global Head of Research and Consulting at TABB Group, a leading financial markets research and strategic advisory firm. “Electronic and voice connectivity to an established ecosystem of counterparties and liquidity venues is crucial for fixed income ETFs since they trade simultaneously both over-the-counter and on exchanges.”

Perrotta continued, “As ETFs continue to proliferate and fixed income market participants increasingly utilize the products to both manage beta and generate alpha, we foresee an increased demand for specialized communications and managed network services which will ensure optimum flow of information and data.”

 “The combination of ETFs and our Financial Markets Cloud offers a powerful and transformational paradigm for the rapidly evolving global fixed income markets where sourcing liquidity, mitigating risk, connecting market participants and enabling all-to-all trading have become imperative,” said Joseph Pickel, Global Head of Sales and Marketing, Financial Markets Network, IPC. “Today’s announcement underscores our unwavering commitment to providing market participants with next generation solutions to reliably and securely trade ETFs in listed and over-the-counter markets around the world.”

The IPC Financial Markets Network service portfolio includes the Connexus Financial Extranet, Direct Connect and MPLS WAN data services, as well as Trader and Enhanced Voice connectivity services. IPC’s Financial Markets Network interconnects global financial centers and allows access to more than 6,000 market participant locations across 700 cities in more than 60 countries.

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About IPC

IPC is a technology and service leader that powers financial markets globally. We help clients anticipate change and solve problems, setting the standard with industry expertise, exceptional service and comprehensive technology. With customers first and always, we collaborate with each to understand their individual needs to help make them secure, productive and compliant within our connected community. Through service excellence, long-developed expertise and a focus on innovation and community, we provide agile and efficient ways for our customers to accelerate their ability to adapt to the ever–changing requirements for advanced data networks, compliance and collaboration with all counter-parties across the financial markets. 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 Survey Reveals Key Areas of Focus of Compliance Executives at Financial Services Firms

68% of financial services companies have increased investment in risk and compliance

NEW YORK, June 28, 2016 – Understanding new regulations and rules, managing operations in light of new regulations and anti-money laundering are among the top three important issues for chief compliance officers and executives at financial services companies. These results were part of a new IPC Compliance Survey of 2016 FINRA annual conference attendees conducted by IPC Systems, a leading global provider of risk and compliance solutions for the financial services community.

As compared to previous years 68 percent of financial services firm executives have increased their investment in risk and compliance, according to the IPC Compliance Survey.  Specific to technology-related communications issues, keeping pace with technology changes is the most important consideration (45 percent), followed by communications archival (26 percent) and data management (21 percent).  Approximately one-third of respondents cited cybercrime and one-third cited employee conduct among the most important issues for their company, while avoiding large fines was a concern for fewer than 10 percent of those surveyed.  Other important issues cited by respondents include managing reputational risk (29 percent), and fraud detection and prevention (27 percent).

“Our Compliance survey reaffirms that, as global financial compliance requirements continue to evolve, it is a significant challenge to understand policy and manage the data tied to communications, interactions and transactions to ensure it is securely captured, archived, and analyzed,” said Lionel Grosclaude, Senior Vice President, Risk and Compliance of IPC. “Financial services companies need expertise, guidance and technology solutions that holistically addresses their information governance challenges.”

 The IPC Compliance Survey was conducted in-person at the 2016 FINRA Annual Conference on May 23-24, 2016, in Washington DC. In total, 171 conference attendees were interviewed. For more information on our survey results visit https://www.ipc.com/ipc-insights/infographics/ipc-survey-reveals-biggest-compliance-challenges-facing-financial-markets or download the full survey https://www.ipc.com/ipc-insights/e-books/ipc-compliance-survey-report-2016

About IPC

IPC is a technology and service leader that powers financial markets globally. We help clients anticipate change and solve problems, setting the standard with industry expertise, exceptional service and comprehensive technology. With customers first and always, we collaborate with each to understand their individual needs to help make them secure, productive and compliant within our connected community. Through service excellence, long-developed expertise and a focus on innovation and community, we provide agile and efficient ways for our customers to accelerate their ability to adapt to the ever–changing requirements for advanced data networks, compliance and collaboration with all counter-parties across the financial markets. 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 Systems Launches Connexus® Cloud, a Secure Communications and Data Collaboration Platform Purpose-Built to Empower Financial Markets Innovators

Algomi among inaugural Connexus Cloud Partner collaborators; more than 6,000 customer locations, 700 cities and 200,000 users connected across cloud network

 

NEW YORK – June 22, 2016 – In a move that marks a milestone in the evolution of its market strategy, IPC Systems, Inc., a leading global provider of secure, compliant communications and networking solutions for the financial markets community, today announced its launch of Connexus Cloud.  This innovation progresses one of the industry’s largest secure encrypted communications platforms connecting IPC’s community of 200,000 users across 6,000 market participant locations in 700 cities.

“Connexus Cloud is the foundation of IPC’s strategy to move the financial markets into a new era with an intuitive, robust and all-encompassing cloud delivery model.  Its secure, compliant high performance design is purpose-built to be a new standard.  We are continually expanding our collaborative ecosystem of data and voice resources exclusively for the financial markets community,” said Neil Barua, CEO of IPC.

Algomi, the network providing information-matching solutions for the optimization of fixed income liquidity, is one of IPC’s first Connexus Cloud partners. Furthermore, Algomi’s DealCall, on the award-winning Honeycomb platform, is designed to enable IPC’s Connexus Cloud users to swiftly and securely connect to their dealers.

“Financial institutions continue to migrate from on-premise solutions to embrace cloud-based models for infrastructure flexibility. The on-demand access Connexus Cloud provides to our expanding portfolio of IPC and IPC-certified partner products, services and solutions, will foster a growing, dynamic community and the next wave of industry advancements,” Barua added.

IPC’s Connexus Cloud will deliver an enhanced lineup of IPC products including  communications-as-a-service and information management for compliance solutions through an on-demand and anywhere user interaction model.  The Connexus Cloud Partner program will offer innovative applications to the financial markets community allowing members to interact securely, exchange information and mitigate risk.  IPC plans to announce a number of additional Connexus Cloud partners and products in 2016.


About IPC

IPC is a technology and service leader that powers financial markets globally. We help clients anticipate change and solve problems, setting the standard with industry expertise, exceptional service and comprehensive technology. With customers first and always, we collaborate with each to understand their individual needs to help make them secure, productive and compliant within our connected community. Through service excellence, long-developed expertise and a focus on innovation and community, we provide agile and efficient ways for our customers to accelerate their ability to adapt to the ever–changing requirements for advanced data networks, compliance and collaboration with all counter-parties across the financial markets. 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.

 

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Strategic Partner Profile – Thomson Reuters

IPC® is one of the primary managed extranet providers in the Americas for the Thomson Reuters Delivery Direct Platform and has been designated by Thomson Reuters as an approved global solution provider for fulfilling and managing connectivity for the Thomson Reuters Financial Community Network (FCN).

THOMSON REUTERS FINANCIAL COMMUNITY NETWORK

Thomson Reuters is a leading source of intelligent information for the world’s businesses and professionals, providing customers with a competitive advantage.

The Thomson Reuters Financial & Risk business unit provides critical news, information, analytics and transaction capabilities for trading, investing, financial and corporate professionals, and also offers leading regulatory and operational risk management solutions. Financial & Risk’s products and services help customers discover profi table insights and opportunities, access liquidity, drive efficiencies in business and operations, anticipate risk and ensure compliance.

In support of the Financial & Risk business unit, Thomson Reuters has established the Financial Community Network.

The Financial Community Network is a Thomson Reuters application delivery program enabling customers to access strategic Thomson Reuters’ products and services. The Financial Community Network connectivity solution is targeted at market participants that consume Thomson Reuters Products and Services over a Thomson Reuters approved financial extranet service such as IPC’s Connexus™. IPC’s Connexus solution supports the Thomson Reuters’ FCN application delivery program providing an industry leading global, private, and secure cloud based MPLS ecosystem and marketplace trusted by the Capital Markets.

Market participants around the globe can now partner directly with IPC through the FCN program to access strategic Thomson Reuters products and services.

IPC FINANCIAL MARKETS NETWORK: SECURELY DELIVERING THOMSON REUTERS PRODUCTS AND SERVICES TO THE GLOBAL CAPITAL MARKETS COMMUNITY

IPC operates the Financial Markets Network (FMN), a managed network-as-a-service (MNaaS) solution that offers a ready-made ecosystem of buy-side firms, sell-side firms, interdealer brokers, liquidity venues, energy firms, trade lifecycle services, market data providers and clearing/settlement fi rms.

The FMN provides thousands of sub-ecosystems throughout the trade lifecycle and across asset classes – equities, fixed income, currencies, commodities, and their derivatives – futures, options, forwards and swaps.

 

 

IPC’s worldwide Financial Markets Network interconnects global financial centers and 6,000 financial market participants in over 600 cities in more than 60 countries with connectivity in support of all aspects of the trade lifecycle – order creation, order placement, trade execution, clearing, settlement, reporting and market data delivery.

PERFORMANCE-ENGINEERED TO MEET THE EXACTING DEMANDS OF THE FINANCIAL MARKETS

IPC’s Connexus Financial Extranet enables the global community of capital market participants to access Thomson Reuters products and services. Through a single connection, capital market participants can link to one another and seamlessly receive and distribute market data and applications in a secure trading ecosystem. Built on an IP/MPLS backbone, the highly scalable, reliable and secure Connexus Financial Extranet supports a number of industry standard protocols including TCP, IP, UDP, multicast, FIX and SWIFT. The network is engineered to be fully resilient.

Connexus Difference

• Exclusive focus on the capital markets

• Extensive experience in delivering flexible, reliable and high performance network services

• A trading ecosystem comprised of established market participants

• “Follow-the-sun” 24x7x365 world class customer service

• 100% uptime SLAs

• Expedited delivery in 3 business days for on-net to on-net situations

• Carrier agnostic network with 100+ POPs in over 60 countries

• Delivery via a managed network-as-a-service solution instead of the Internet ensures unmatched management capabilities, operational intelligence and network security while meeting regulatory compliance standards

• Connectivity throughout the trade lifecycle

• Coverage across multiple asset classes equities, fixed income, currencies, commodities, futures, options, swaps, forwards

• A cost-efficient managed network

For details of Thomson Reuters products and services available via Connexus, please contact your regional representative at IPCFCNRequest@ipc.com

About Thomson Reuters

Thomson Reuters is the world’s leading source of intelligent information for businesses and professionals. Thomson Reuters combines industry expertise with innovative technology to deliver critical information to leading decision makers in the financial and risk, legal, tax and accounting, intellectual property and science and media markets, powered by the world’s most trusted news organization.

For more information, go to www.thomsonreuters.com

About IPC

IPC is a technology and service leader that powers financial markets globally.

We help clients anticipate change and solve problems, setting the standard with industry expertise, exceptional service and comprehensive technology. With customers first and always, we collaborate

with each to understand their individual needs to help make them secure, productive and compliant within our

connected community. Through service excellence, long-developed expertise and a focus on innovation and community, we provide agile and effi cient ways for our customers to accelerate their ability to adapt to the ever–changing requirements for advanced data networks, compliance and collaboration with all counter-parties across the financial markets.

MiFID II: Five considerations financial organisations shouldn’t ignore

Article published in FX-MM, June 2016.

Robert Powell, Global Head of Compliance at IPC Systems, explains why trading firms need to start preparing now for the fundamental changes to required record keeping contained in MiFID II despite the recently announced delay in its implementation.

 

 

Last year, the European Markets Authority (ESMA) provided its final view of the technical standards implied under MiFID II, which will alter the functionality of European financial markets by increasing their transparency, safety and resilience, as well as providing enhanced investor protection. Despite the European Council recently confirming a year’s delay, financial organisations would be wise to start preparing for this increased regulatory scrutiny.

In particular, the records-keeping section of the advice will instigate a great deal of change in the way that communication records are maintained in Europe. The big question is, how will this impact organisations’ trading communications in the future? Here are the five principle ways MiFID II regulations will impact financial organisations, once they’re enacted in 2018.

  1. Longer retention periods will be required
    In the UK, the current recording retention rules are driven by the Conduct of Business Sourcebook (COBS §11.8.5), last amended in November 2014 to remove an exemption on mobile recording. These rules require only 180 days of call and communications data to be kept. Many regulated UK firms already go beyond this, retaining five or seven years of records, as a best practice measure or to comply with Tax Authority rules. Under MiFID II there will be a mandatory increase to five years for all regulated firms not already doing so.
  2. A wider scope of communications recordings is specified
    MiFID II will require all “communications that are intended to lead to a transaction” to be recorded, rather than the previous, narrower mandate of “client orders and transactions.” This will drastically increase the scope of communications that are required to be retained. Further, the change in scope includes personnel who will now need to be recorded. Firms currently only record employees that ‘commit’ transactions and will need to begin to record all ‘regulated’ users. The addition of a Pan-European requirement to archive mobile and fixed telephone calls, represents a notable addition to the categories of media retained in those jurisdictions. Currently, only a few countries, including the United Kingdom and Norway, require mobile phones to be recorded. The old banking policy directing employees not to use their mobile phones for “client orders and transactions” will be ineffective, nor will it be broad enough in scope to satisfy the new regulatory framework. In many European countries, this means that solutions will need to be deployed to allow for the recording of mobile calls.

IPC Launches Industry Leading Fixed Income Marketplace

Pioneering solution to enable liquidity sourcing, link market participants and facilitate secure, compliant all-to-all trading. 

New York, NY – June 8, 2016 – IPC Systems, Inc., a leading global provider of specialized communications and managed network-as-a-service solutions for the financial trading community, today announced that it has launched Fixed Income Marketplace, a premier holistic connectivity solution for market participants to trade fixed income instruments electronically or via voice. The announcement was made at the Fixed Income Leaders Summit in Boston, an annual gathering of senior fixed income traders and portfolio managers.

As the financial industry continues to see changes in market structure, regulatory impact on bank balance sheets, liquidity shifts to the buy-side, and fragmentation of trading venues and protocols, there is an emerging and pressing need for secure and reliable connectivity to source liquidity, link market participants and enable all-to-all trading for the fixed income asset class.

“A push towards greater transparency, stricter risk management practices and a stronger regulatory regime have dramatically altered the landscape of the global fixed income markets,” said Anthony Perrotta, Partner and Global Head of Research and Consulting at Tabb Group, a leading financial markets research and strategic advisory firm. “We are witnessing an unprecedented need for specialized technology and managed network services as market participants now require increased connectivity to diverse counterparties in order to drive the search for assets and conduct transactions.”

Perrotta continued “Profitably trading fixed income is governed by connectivity throughout the trade lifecycle and access to a ready-made ecosystem of market participants. This applies not only to trading government bonds, corporate bonds, interest rate swaps and credit default swaps but also for executing various fixed income arbitrage strategies. Arbitraging the yield curve, mortgage-backed securities, volatility, swap spreads, capital structure and convertibles all depend on being able to access counterparties on demand.”

“The shifting of fixed income liquidity to the buy-side has generated substantial demand for all-to-all trading,” said Joseph Pickel, Global Head of Sales and Marketing, Financial Markets Network, IPC. “The IPC Fixed Income Marketplace consisting of diverse buy-side firms are leveraging voice, RFQ, CLOB and dark pools to connect to their counterparties and source liquidity.”

Pickel continued “Fixed income markets are a vital source of financing and are consequently critical for economic growth. Today’s announcement emphasizes IPC’s steadfast commitment to enabling market participants trade, hedge and arbitrage successfully in the global secondary debt markets with innovative solutions.”

The IPC Financial Markets Network service portfolio includes the Connexus Financial Extranet, Direct Connect and MPLS WAN data services, as well as Trader and Enhanced Voice connectivity services. IPC’s Financial Markets Network interconnects global financial centers and allows access to more than 6,000 market participant locations across 700 cities in more than 60 countries.

 

 

About IPC

IPC is a technology and service leader that powers financial markets globally. We help clients anticipate change and solve problems, setting the standard with industry expertise, exceptional service and comprehensive technology. With customers first and always, we collaborate with each to understand their individual needs to help make them secure, productive and compliant within our connected community. Through service excellence, long-developed expertise and a focus on innovation and community, we provide agile and efficient ways for our customers to accelerate their ability to adapt to the ever–changing requirements for advanced data networks, compliance and collaboration with all counter-parties across the financial markets. 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.