IPC’s new FX Hub benefits customers

Article published in e-Forex, July 2016. 

IPC recently launched its FX Hub, a low latency, co-located performance solution engineered to address the industry’s most complex trading challenges.

The FX Hub is centered at the heart of the global foreign exchange markets, specifically Equinix’s International Business Exchange™ data centers in New York, London, Tokyo and Singapore as well as other major FX centers such as Moscow, Chicago, Frankfurt and Zurich. The hub empowers customers to connect quicker, reduce costs and trade more profitably.

With the FX Hub, customers have access to IPC’s vast community of financial market participants and are positioned locally with low latency access via IPC’s dark fiber rings to key FX liquidity providers and dealers.

“Successful trading in the foreign exchange markets is challenging given the complicated market structure,” said Larry Tabb, CEO of Tabb Group, a leading financial markets research and strategic advisory firm. “There are a vast number of instruments such as currency swaps, forwards, options, indices, outrights, non-deliverable forwards and structured products along with many exotic currency pairs that are being traded by market participants. FX is not just about spot transactions or trading only G4 currencies.”

Tabb continued “We see non-dealer financial institutions, insurance companies, corporate treasuries and brokers increasingly deploying performance-engineered managed hosting, connectivity and colocation services to benefit from economies of scale, access a range of liquidity venues, achieve best execution and participate cost-effectively in the global FX markets.”

The increased need for reliable connectivity to source liquidity, mitigate risk and harvest alpha in the FX markets is largely due to growth in non-dealer financial institution participation, the increased use of execution algorithms and the lack of a central marketplace. Given these market dynamics, IPC’s FX Hub offers investors:

  • Easier and faster connectivity to brokers/dealers, investment banks, prime brokers, and liquidity providers to trade effectively, achieve best execution, discover prices and minimize market impact.
  • Efficient access to market data and trade lifecycle services such as order management and execution management systems as well as data and transaction cost analysis services.
  • Improved collaboration among traders, portfolio managers and risk managers to execute investment strategies and manage risk.
  • Access to a full community of services and simplified management.
  • Comprehensive and affordable business continuity management, disaster recovery planning solutions to ensure 24/7 access to the FX markets that is underpinned by an industry leading global provider with exclusive focus on financial markets.

When using FX Hub, IPC provides customers an aggregated handoff that offers connectivity to multiple venues. IPC is responsible for local cross connects within the co-location facility along with coordination and integration into local FX venues and banks. IPC offers flexibility and connectivity options for various customer scenarios.

  • Existing Equinix Co-located Customer: For customers who are currently co-located at Equinix’s New York, London and Tokyo data centers, IPC will provide a cross connect back to our FX Hub infrastructure.
  • Co-located IPC Hosting Rack Customer: For customers who want to co-locate their servers, IPC offers a dedicated hosting rack for customer equipment with a cross connect to our FX Hub infrastructure.
  • Existing IPC Financial Market Network Customer: For existing IPC Financial Market Network customers, IPC offers connectivity into FX Hub via their existing IPC connectivity.

“The growing participation of pension funds, insurance companies, regional banks, hedge funds and proprietary trading firms in FX has led to more heterogeneity in the markets,” said David Brown, Senior Vice President and Managing Director, Financial Markets Network, IPC. “Consequently, reliable, secure and operationally resilient managed network services as well as access to an ecosystem of diverse counterparties have now become the backbone for successful FX trading. Our FX Hub underscores IPC’s wholehearted commitment to serving all participants in the global FX markets, the world’s largest and most liquid asset class, with cutting-edge solutions.”

 

IPC Thought Leader to Present at the Fixed Income Leaders Summit

NEW YORK – June 1, 2016 – IPC Systems, Inc., is proud to announce that one of the company’s thought leaders, Ganesh Iyer, IPC’s Global Director of Product Marketing, will be presenting to senior fixed income traders and portfolio managers from leading buy-side institutions at the Fixed Income Leaders Summit in Boston, MA scheduled to be held on June 8 and 9, 2016 at the Westin Copley Place. The event will focus on critical concerns faced by fixed income professionals such as the evolving regulatory environment and market structure, liquidity shifting to the buy-side and technological innovation. During his presentation titled “Connecting Market Participants in the Evolving Landscape of Capital, Liquidity and Leverage Requirements”, Mr. Iyer will be focusing on the benefits of having available a large and diverse financial ecosystem to assist with executing a range of fixed income trading strategies. Mr. Iyer holds the Chartered Alternative Investment Analyst (CAIA) designation and has been a speaker and panelist at prestigious industry events around the world.

 

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 Now Providing Connectivity to Hotspot

Customers Can Now Leverage IPC for Secure, Reliable Connectivity to Leading Institutional FX Market

 

NEW YORK and LONDON – May 24, 2016 – Hotspot, a leading institutional foreign exchange (FX) market owned and operated by Bats Global Markets, and 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 IPC is now a connectivity provider to Hotspot, enabling IPC’s diverse ecosystem of buy-side and sell-side clients to gain access to the Hotspot market.

Hotspot brings the powerful benefits of an independent, transparent ECN marketplace structure to institutional foreign exchange trading. Hotspot’s ECN model provides increased market transparency and greater control of the trading process, enabling better trade execution and lower transaction costs.

“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.”

“Connectivity is a critical element for institutional FX investors to source liquidity, trade effectively, achieve best execution, and mitigate risk,” said David Brown, Senior Vice President and Managing Director, Financial Markets Network, IPC. “We welcome Hotspot to our global FX Hub and are thrilled to connect FX market participants to them through our reliable and secure financial markets private cloud.”

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.

Hotspot’s average daily volume (ADV) 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.  Additional information is available at hotspotfx.com.

 

About Bats Global Markets

Bats Global Markets, Inc., is a leading operator of exchanges and services for financial markets around the world with a stated mission of Making Markets Better. Bats operates the largest equities exchange in Europe and the continent’s largest trade reporting facility. In the U.S., Bats operates four stock exchanges, which taken together constitute the largest market for ETF trading and the second-largest equities market in the country. Bats also operates two U.S. options markets. Bats owns Hotspot, a leading institutional spot foreign exchange market, and ETF.com, a leading provider of ETF news, data and analysis. The company is headquartered in Kansas City with offices in New York, London, Chicago and Singapore.  Visit bats.com and @BatsGlobal for more information.

 

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

IPC Significantly Expands Portfolio of Comprehensive Compliance Solutions for Financial Industry

 

IPC’s integrated intelligent technologies ensure unified compliant communications, records management and data delivery for financial institutions

 

NEW YORK – May 23, 2016 – IPC Systems, Inc. (IPC), a leading provider of global communications solutions and software for the financial services community, unveiled a significantly expanded portfolio of comprehensive compliance solutions under its growing Risk and Compliance Services division at the 2016 Annual FINRA Conference in Washington D.C. today. The announcement marks IPC’s continued strategic focus as a risk and compliance unified communications service provider for financial institutions, and underscores its heightened concentration on the rapidly developing, critically important area concerning increasingly stringent and complex global financial markets compliance requirements.

“IPC’s deep expertise and global presence uniquely position us to guide our customers through the dynamic regulatory landscape which has never been more important, particularly in the wake of proposed and expected MiFID II, Dodd Frank and Market Abuse Regulation requirements,” said Neil Barua, CEO of IPC.  “Our specialized, innovative solutions not only allow customers to mitigate compliance risks, but also enhance their trading operations.”

The main challenge financial market firms face in relation to complying with increased regulations is effectively managing vast amounts of data related to interactions among clients, counterparties and internal teams across many platforms. Firms are required to store, analyze and index all aspects of a transaction for immediate retrieval and analysis in response to regulators’ inquiries. They need to be able to show that they are able to actively monitor their systems in real-time to make certain that interactions comply with applicable laws.

To ensure customers receive the right solution for their needs, IPC offers a consultative approach supported by a robust compliance product portfolio.

“With compliance conduct and culture at the heart of corporate board strategies, risk and governance are now regarded by our clients as business priorities. IPC integrates compliance, risk and governance, managing vital data at every stage of the process,” said Lionel Grosclaude, IPC senior vice president, Risk and Compliance and Managing Director, EMEA. “Whether a simple system or the most complex end-to-end validated and compliance assured solution, IPC ensures data is captured, records are properly managed and accurately delivered to risk and compliance officers when needed.”

Grosclaude leads the expanded IPC Risk and Compliance Services division, which is comprised of seasoned professionals from across the compliance spectrum who work with external regulators and senior-level financial and technology executives to understand the changes in the global regulatory environment. The team provides products and consultative services that deliver bespoke solutions designed to meet each individual client’s current and future needs.

IPC’s expanded compliance product portfolio features integrated, intelligent technologies that provide companies with the ability to meet many communications-related compliance requirements and store the data required to be captured, stored and retrieved (as necessary) including:

  • Call recording; Mobile and Unified Communications Recording
  • Communications Surveillance
  • Compliance Assurance Services

Grosclaude added: “Our team constantly monitors new and proposed rules so we can understand the intention of the changes and enhance current and future products and solutions to meet these evolving needs. We achieve this by working with industry vendors, global regulators and industry experts to ensure that we can deliver what our clients expect: unified compliant communications record management, proactive compliance assurance, agility and flexibility for future needs as well as piece of mind when they want to run their day-to-day business.”

 

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.

Otkritie Capital Joins IPC’s Fast-Growing Financial Markets Cloud

London, UK – May 12, 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 financial marketplace with the addition of Otkritie Capital to the IPC Financial Markets Network (FMN). As a result, IPC’s diverse ecosystem of market participants can reliably connect to Otkritie’s services to trade in Russian equities, derivatives and spot FX markets, and access global prime services.

“Otkritie plays a central role in the success of most institutional investors, fund managers and proprietary traders, particularly for firms interested in borrowing securities, getting margin trading facilities and having direct access to multiple asset classes and liquidity pools available on the Moscow Exchange, with a strong focus on RUB related instruments.” said Serge Alexandre, Head of International Prime Services Sales at Otkritie. “We are thrilled to collaborate with IPC to offer global investors with state-of-the-art connectivity and communications solutions for financing trades and managing risk.”

“It is our goal to provide institutional investors, corporate treasuries and fund managers with innovative solutions to source liquidity and execute compliant trades across asset classes,” said David Brown, Senior Vice President and Managing Director, Financial Markets Network, IPC. “Connectivity has become a cornerstone for investors, especially for those taking short positions and seeking to amplify profits through leverage. We are delighted to welcome Otkritie Capital to our diverse and secure financial markets private cloud.”

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 Otkritie Capital

Otkritie Capital is a leading brokerage company with a focus on prime broking, equity, derivatives, fixed income, FX & IR, commodities and research. Otkritie helps its clients to unlock opportunities by providing innovative investment services and access to Russian markets. For more information, please visit www.otkritie-capital.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.

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 Appoints Tony Carriero as Chief Information Security Officer

NEW YORK – May 11, 2016 – IPC Systems, Inc. (IPC), a leading provider of global communications solutions and software for the financial services community, today announced the appointment of Tony Carriero as Chief Information Security Officer (CISO). In this leadership role Mr. Carriero will be responsible for the security roadmap across all IPC products and solutions, its financial market cloud network along with IPC’s internal IT systems to support the company’s vision.

“Over the last few years IPC has experienced a tremendous amount of growth in areas both within and beyond our traditional business. As hacking incidents against financial institutions have intensified, we have made security a top priority at IPC.” said Neil Barua, IPC’s Chief Executive Officer, “We have brought many new products to market. Bringing Tony on board ensures we will continue to unite the financial community while allowing our customers to exchange information reliably within a secure and compliant environment.”

It is estimated that the four largest US financial institutions will collectively spend $1.5 billion, roughly 15 percent of the overall sector’s spend, on cybersecurity annually1. As enterprise and consumers transactions become more digitized, industry analysts have predicted the cost of data breaches will reach $2.1 trillion globally by 2019, almost four times the estimated cost of breaches in 20152.

“We operate a global financial market network that consists of over 6000 market participants in 700 cities over six continents. We are continuously taking their needs into account,” said Tony Carriero, “ As Chief Information Security Officer for IPC, we will build on the strong program already in place, and align our controls into a unified Security Framework within all our products and services. We will continue to proactively work to keep IPC a leader in security to support the rapidly evolving landscape.”

As a senior information security professional, Mr Carriero brings over 20 years’ experience implementing financial systems, and information security programs to a number of Fortune 500 Companies. Mr. Carriero’s most recent roles with Edgewater Ranzal and PwC (PriceWaterhouseCoopers) involved assisting large multi-national companies in designing their Information Security and Risk Management Programs while migrating their products to both public and private clouds. Prior to that, Mr. Carriero served as the Chief Information Security Officer for The Warnaco Group, a publicly traded manufacturing company.

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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

Sources:  1 Juniper Research, “The Future of Cybercrime & Security:  Financial and Corporate Threats & Mitigation,” May 2015;  2Forbes, 12.20.2015, “Cybersecurity Market Reaches $75 Billion in 2015; Expected to Reach $170 Billion

 

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 Industry Leading FX Hub Solution

New York, NY – May 10, 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 FX Hub, a low latency, co-located performance solution engineered to address the industry’s most complex trading challenges. IPC’s FX Hub is centered at the heart of the global foreign exchange markets, specifically Equinix’s International Business Exchange™ (IBX®) data centers in New York (NY4), London (LD4), Tokyo (TY3), and Singapore (SG2) as well as other major FX centers such as Moscow, Chicago, Frankfurt and Zurich; all with access to IPC’s vast community of financial market participants and positioned locally with low latency access via IPC’s dark fiber rings to key FX liquidity providers and dealers.

The increased need for reliable connectivity to source liquidity, mitigate risk and harvest alpha in the FX markets is largely due to growth in non-dealer financial institution participation, the increased use of execution algorithms and the lack of a central marketplace. Given these market dynamics, IPC’s FX Hub offers investors:

  • Easier and faster connectivity to brokers/dealers, investment banks, prime brokers, and liquidity providers to trade effectively, achieve best execution, discover prices and minimize market impact.
  • Efficient access to market data and trade lifecycle services such as order management and execution management systems as well as data and transaction cost analysis services.
  • Improved collaboration among traders, portfolio managers and risk managers to execute investment strategies and manage risk.
  • Access to a full community of services and simplified management.
  • Comprehensive and affordable business continuity management, disaster recovery planning solutions to ensure 24/7 access to the FX markets that is underpinned by an industry leading global provider with exclusive focus on financial markets.

“Successfully trading the foreign exchange markets is challenging given the complicated market structure,” said Larry Tabb, CEO of Tabb Group, a leading financial markets research and strategic advisory firm. “There are a vast number of instruments such as currency swaps, forwards, options, indices, outrights, non-deliverable forwards and structured products along with many exotic currency pairs that are being traded by market participants. FX is not just about spot transactions or trading only G4 currencies. ”

Tabb continued “We see non-dealer financial institutions, insurance companies, corporate treasuries and brokers increasingly deploying performance-engineered managed hosting, connectivity and colocation services in order to benefit from economies of scale, access a range of liquidity venues, achieve best execution and participate cost-effectively in the global FX markets.”

“The growing participation of pension funds, insurance companies, regional banks, hedge funds and proprietary trading firms in FX has led to more heterogeneity in the markets,” said David Brown, Senior Vice President and Managing Director, Financial Markets Network, IPC. “Consequently, reliable, secure and operationally resilient managed network services as well as access to an ecosystem of diverse counterparties have now become the backbone for successful FX trading.”

Brown continued “Global trade depends on efficient and accessible FX markets. Today’s announcement underscores IPC’s wholehearted commitment to serving all the participants in the global FX markets, the world’s largest and most liquid asset class, with cutting-edge 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.

 

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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.

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Algomi Bets on Voice Broking

By Shanny Basar for Markets Media – first published on April 29, 2016

Algomi, the fintech company that provides a bond information network, is betting that old-fashioned voice broking will continue maintain its hold on trading in the debt market.

This month Algomi announced it is collaborating with IPC Systems, the financial markets technology and service provider, to deliver DealCall. Stu Taylor, chief executive of Algomi, told Markets Media: “Our deal with IPC means the buyside can connect to a salesperson with just one click using DealCall.”

DealCall will be integrated into Honeycomb and use IPC’s Financial Markets Cloud to enable seamless voice communication for the buy-side users of Honeycomb. When Algomi started it built internal networks for banks to connect together staff who could help transact less liquid corporate bonds but the firm has since added asset managers to its Honeycomb network so they can easily and quickly find the best bank to execute large trades.

“The partnership between IPC and Algomi brings voice trading into the 21st century,” Taylor added. “Calls can be tagged directly to trades to meet best execution requirements.”

A recent study by consultancy Greenwich Associates was cited by The Desk’s Trading Intentions Survey 2016 which found that investment on technology for buy-side trading desks fell from 36% in 2014 to 31% last year. The Desk said: “The need to support human traders in assessing the vagaries of the credit market are evident in the level of support that information around liquidity aggregation is providing. As one trader put it, ‘Old fashioned phone broking and trader relationships [are] counting more now than ever as sell-side risk taking slides still further under the burden of regulation, and balance sheet constraints.’ ”

The survey found that the platforms currently most effective at sourcing liquidity were Bloomberg and then MarketAxess as a close second, followed by Tradeweb, Algomi and then Liquidnet. The Desk survey had 70 responses from North American, European and emerging market credit desks spread across 34 investment managers, with an aggregate of €15.4 trillion in assets under management.

Liquidnet, Algomi and Neptune were also first, second and third choice for the second year running as the platforms that traders plan to use. The Desk said: “It is worth noting that many of the most successful models are not those which aggregate actionable liquidity. The services provided by Algomi, Neptune and B2SCAN all focus on the use of information to support where to trade rather than offering a venue to introduce the platforms as with request for quote systems, or any auction or order book.”

Taylor said: “The decrease in liquidity cannot be solved just by introducing new trading protocols. Liquidity can only be introduced through new information or new products such as ETFs. ETF providers have growing information needs in fixed income.”

He added that Algomi will shortly reach 200 buyside customers and is hoping to reach 300 by the end of this year. IPC has approximately 6,000 financial clients, meaning that the DealCall feature of Honeycomb will be available to a significant number of the leading firms in the bond market.

“We are continuing to focus on credit in Europe and looking to make more progress in the US,” added Taylor. “We are installing a new technology backbone which will improve speed, scalability and make it easier to add new asset classes.”

Algomi is continuing to grow despite the downturn in bank results for the first quarter of this year, particularly in fixed income, currency and commodities. Bernstein bank analysts said in a report last month that global FICC revenues have halved during the last five years.

“Banks have two choices. They can rationalise their risk-based businesses, especially in FICC, or they can be smarter and build virtual balance sheets” said Taylor.

 

Singapore Exchange Selects IPC to Manage New Hub in Chicago

NEW YORK – May 3, 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 been selected by Singapore Exchange (SGX) to manage the SGX Chicago Hub, which is available at CME Group’s facility in Aurora, Illinois.

The IPC Financial Markets Network (FMN) now provides capital market participants in nearly 3,000 North American locations with secure and reliable connectivity in accessing Singapore’s financial markets while meeting regulatory requirements in doing so. The announcement is part of IPC’s continued global network expansion, empowering North American investors to directly trade equities, foreign exchange, and derivatives, and access market data regarding the Singaporean market.

“The goal of establishing a hub for SGX in Chicago is to make Asia’s financial markets more accessible to investors in North America and broaden SGX’s international footprint,” said Ng Kin Yee, Head of Market Data and Connectivity at SGX. “We look forward to more participants connecting directly to SGX through the SGX Chicago Hub.”

“We see significant demand among North American institutional investors, asset managers, hedge funds and market makers to securely and quickly access markets in the Asia-Pacific region,” said David Brown, Senior Vice President and Managing Director, Financial Markets Network, IPC. “We are thrilled to collaborate with Singapore Exchange, one of the world’s most international exchanges, and operate the SGX Chicago Hub to facilitate direct access to the venue for North American investors.”

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 Singapore Exchange (SGX)

Singapore Exchange is Asia’s leading and trusted market infrastructure, facilitating the exchange of capital and ideas to create value for people, businesses and economies. As a multi-asset exchange operating equity, fixed income and derivatives markets to the highest regulatory standards, SGX is a vertically integrated business that provides listing, trading, clearing, settlement, depository and data services. With about 40% of listed companies and 90% of listed bonds originating outside of Singapore as well as established linkages across the region and in Europe, SGX is Asia’s most international and connected exchange. Offering a full suite of derivatives products across Asian equity indices, commodities and currencies, SGX is the world’s most liquid offshore market for the benchmark equity indices of China, India, Japan and ASEAN. The exchange was one of the first globally to adopt the Principles for Financial Market Infrastructure, the first and only central counterparty in the region to be fully approved by U.S. regulators as a Derivatives Clearing Organization and a Foreign Board of Trade, and is recognized by European Union regulators for both securities and derivatives. As Asia’s pioneering central counterparty, SGX is globally recognized for its risk management and clearing capabilities. In 2015, SGX was awarded Derivatives Exchange of the Year by Asia Risk, Futures and Options World and Global Capital as well as Central Counterparty (CCP) of the Year by Asia Risk. Headquartered in AAA-rated Singapore, SGX has over 700 employees including offices in Beijing, Hong Kong, London, Mumbai, Shanghai and Tokyo. For more information, please visit www.sgx.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.

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.

TRAFiX Joins IPC’s Rapidly Growing Equities and Derivatives Marketplace

New York, NY – April 27, 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 financial marketplace with the addition of TRAFiX to the IPC Financial Markets Network (FMN). IPC’s diverse ecosystem of buy-side and sell-side firms can now reliably connect to the TRAFiX OMS, EMS and Managed FIX Routing Solution to trade equities, options and complex derivatives.

“Given today’s volatile markets, portfolio managers and traders are seeking novel solutions that are engineered to address their most complex trading challenges,” said Michael Ottrando, Managing Director and Global Head of Sales at TRAFiX. “We are delighted to partner with IPC to expand the reach of our holistic suite of trade lifecycle services and empower a wider community of global capital market participants to generate alpha and achieve best execution.”

“The markets demand secure and reliable connectivity for every step in the investment cycle including idea generation, optimal idea expression, trade execution, risk management, compliance, clearing, settlement and market data delivery,” said David Brown, Senior Vice President and Managing Director, Financial Markets Network, IPC. “We are thrilled to collaborate with TRAFiX to provide innovative solutions to our diverse community of institutional investors, fund managers and market makers and enable their increasingly complex global search for alpha across asset classes.”

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 TRAFiX

TRAFiX LLC is a broker-neutral technology provider that has been founded to supply cutting-edge, innovative trading solutions that address the functional & regulatory requirements of the Financial Services Industry. Our real-time, scalable products have been specifically designed to utilize the recent advancements in software development and enterprise architecture to resolve the growing challenges faced by today’s trading community. The TRAFiX product offering supports Equity, Option & Complex Option trading and includes highly customizable Order Management & Execution Management Systems, low-latency / high performance Proprietary FIX Engines and more; our architectural design allows for the continuous addition of future products and asset classes. In an industry inundated with legacy trading software, TRAFiX was established to put the power back in the hands of the Customer. For additional information or to request a demo, please contact sales@trafix.com. It’s time to Trade Up to TRAFiX

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.

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.