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IPC, a leading provider of trading communications solutions to the world’s top financial services firms, received the “Best Sell-Side Trading Communications Systems” award in Sell-Side Technology’s second annual Sell-Side Technology Awards program.  The selection was made by a panel comprised of industry experts and Waters journalists.

This award recognizes IPC for its revolutionary trading communications technology. IPC accounts for more than 118,000 of the world’s trading turret positions establishing the Company as the turret market segment leader with over 50% share. Unigy, IPC’s open, single services-oriented architecture (SOA)-based unified trading communications and applications platform, speeds collaboration between traders and the trade support teams across middle and back offices with unprecedented flexibility, scalability and adaptability. Unigy’s interoperability allows it to work with existing systems, IQ/MAX turrets, PBX phone systems and voice recording equipment to help trading firms transform their workflow. Now live at more than 500 customer sites globally, including installations at more than 50% of the Top 25 banks*, Unigy helps trading firms of every size reduce complexity, ensure compliance and control operating costs.

“We are honored to be selected as the Best-Sell Side Trading Communications System in the Sell-Side Technology Awards,” said Ranjan Singh, Vice President, Product Management, Trading Communications, IPC.  “Our primary goal is to provide our customers with the sophisticated technology and expertise that grants them a competitive advantage in every stage of the trading lifecycle. Our accomplishment in winning this award supports our viewpoint that it is the unification of technology and knowledge that makes the difference for our customers.”

IPC also offers a sophisticated suite of trading communications tools that includes the award-winning IQ/MAX turret, whose intuitive design and advanced Voice-over-IP technology delivers maximum clarity, speed, control and power to a trader’s fingertips, IQ/MAX Edge, a Unigy-powered turret designed specifically for small- to medium-sized trading firms, IQ/MAX Omni, an innovative PC-based soft-turret that offers traders the ability to trade from anywhere and IPC’s revolutionary Blue Wave application development platform that enables Unigy customers and third party Application Service Providers (ASPs) to create their own business-specific applications.

The winners of the Sell-Side Technology Awards were announced during an awards ceremony in New York on April 15.

*The Top 25 banks ranking is generated by The Banker Database, and published in The Banker July edition.

About IPC

IPC is a leading global provider of specialized communications solutions for the financial trading community. With a 100-percent focus on this sector and over 40 years of expertise, IPC provides customers with integrated solutions that support traders and participants across the entire trade lifecycle including sell-side and buy-side financial institutions, inter-dealer brokers, liquidity venues, clearing and settlement firms, independent software vendors, corporate finance departments, financial information exchange providers and market data providers. IPC’s offerings include a unified

communications/application platform, award-winning hard and soft turrets, managed voice and data network connectivity solutions and dedicated service and support. IPC’s global reach extends to more than 60 countries – including a network of 5,000 customer sites over 630 cities and an installed base of approximately 118,000 trading positions deployed worldwide. Headquartered in Jersey City, New Jersey, IPC has approximately 900 employees located throughout the Americas and the EMEA and Asia-Pacific regions.

IPC Systems, Inc., a leading global provider of specialized communications solutions for the financial trading community, a leading provider of voice and electronic trading communications solutions to the world’s top financial services firms and global enterprises, announced that Aliom Trading, a trading firm with a wealth of knowledge and extensive experience in Proprietary Trading has switched their Internet based connectivity model and signed on to IPC’s Managed Virtual Private Network (VPN) system.

Aliom Trading, founded in 2006 is a well-capitalized, and privately owned Proprietary Trading company, which has rapidly grown to become one of Australia’s leader in the field. Its expanding trading community is distributed both across Australia and overseas. Aliom Trading also has a world class teaching facility at its HQ in Sydney, where they are developing the next generation of Proprietary Traders.  By making use of IPC’s Managed Virtual Private Network (VPN) system, Aliom Trading has switched from an Internet based connectivity to a fully managed and integrated solution for network connectivity that will boost their trading performance. The Managed VPN system has also enabled Aliom to run VoIP in between their offices, which has helped in reducing any inter-office communication costs and streamlining infrastructure. Through the aid of IPC’s Managed VPN systems, Aliom is also equipped to create a larger private network, including exchanges such as SGX, OSE, HKFE for extended trading opportunities.

“The use of the Managed VPN services by IPC has boosted our productivity and communications internally, and has improved our trading and risk management capabilities. The new infrastructure is fundamental to our growth plans, providing a stable and scalable platform as we continue to develop new traders through our Aliom Trading Academy program,” said Sam Liuzzo, General Manager of Aliom Trading.

 

David Dodd, Senior Vice President and Managing Director of IPC Systems, Inc. mentioned that “IPC is excited to announce the first Managed VPN system being used by Aliom Trading. IPC’s Managed Virtual Private Network supports Aliom’s business by expanding their global reach and brings efficiencies in their intra office infrastructure.”

Managed Virtual Private Network (VPN) is a flexible and customizable service that is built on IPC’s global and resilient MPLS backbone.  This wide area network service enables mission-critical enterprise connectivity for voice, video and data applications. The service provides the ability to prioritize network traffic and bandwidth through three distinct Classes of Service (Premium, Enhanced and Basic) with bursting options. And with the state-of- the-art monitoring tools, IPC proactively monitors the performance (jitter, latency, packet loss) and manages capacity and resolves faults.

About IPC

IPC is a leading global provider of specialized communications solutions for the financial trading community. With a 100-percent focus on this sector and over 40 years of expertise, IPC provides customers with integrated solutions that support traders and participants across the entire trade lifecycle including sell-side and buy-side financial institutions, inter-dealer brokers, liquidity venues, clearing and settlement firms, independent software vendors, corporate finance departments, financial information exchange providers and market data providers. IPC’s offerings include a unified communications / application platform, award-winning hard and soft turrets, managed voice and data network connectivity solutions and dedicated service and support. IPC’s global reach extends to more than 60 countries – including a network of 5,000 customer sites over 630 cities and an installed base of approximately 118,000 trading positions deployed worldwide. Headquartered in Jersey City, New Jersey, IPC has approximately 900 employees located throughout the Americas and the EMEA and Asia-Pacific regions. For more information, visit www.ipc.com.

About Aliom Trading

Aliom Trading is a company run by Traders, for Traders.

Our Traders live and breathe the markets.  With global access 24 hours a day across multiple platforms our Traders have the freedom to trade any market, anytime, anywhere.  This flexible approach means we have rapidly grown to become one of Australia’s leading Proprietary Trading companies.

Founded in 2006, Aliom Trading is a privately owned Proprietary Trading company.  Aliom’s owners bring a wealth of knowledge and extensive experience in Proprietary Trading and the Financial Services industry and actively manage a growing and diverse team of market professionals.

The Aliom Trading Academy was established to build upon our existing successful Proprietary Trader base.  Our highly experienced Trainer Mentors have an in-depth and diverse knowledge and understanding of global financial markets.  They will select, teach, assess, and nurture future successful Proprietary Traders for Aliom Trading.

With the Dodd-Frank rule for certain swaps to be mandatorily traded on Swap Execution Facilities (SEFs) becoming effective, a new survey finds that the industry remains  underprepared to meet the requirements of  these new regulations, while individual firms push ahead to make themselves ready. This survey, released today and conducted by IPC Systems, Inc., a leading provider of voice and electronic trading communications solutions to the world’s top financial services firms and global enterprises, highlights the state of the industry’s preparedness for this new SEF model and potential impact on the OTC derivatives markets.

The survey was conducted during FIA Chicago, from November 5-7, 2013, and generated responses from hedge funds, investment banks, broker/dealers, exchanges and other financial institutions. Respondents came from the front, middle, and back office and included people involved in both the business and technology sides of trading operations. Key findings include:

Struggling to Meet Regulatory Preparedness

• 60 percent of survey respondents said the industry was behind on meeting the deadlines on SEF trading.
• 39 percent of survey respondents said their firms were behind on meeting the deadlines on SEF trading.

SEF Impact

• 77 percent of survey respondents believe that the launch of SEFs will have an impact on trading volumes and sizes.
• 61 percent of survey respondents expect to see a shift to the futures market due to the regulations.

Potential OTC Derivatives Market Growth

• 27 percent of survey respondents expect the importance and value of the OTC Derivatives market to grow.
• 42 percent of survey respondents plan to start OTC derivative trading during 2014.

SEF Connectivity

• Nearly all respondents planned or have already connected to multiple SEFs.
• SEFs that the largest percentage of respondents said that theyplan to connect to are  CMEGroup, TeraExchange, Bloomberg, and Eurex.

“Over the last year, we have seen a lot of activity from financial firms that have been looking for additional or new network connectivity to many of the already registered SEFs or OTFs through Connexus, our Financial extranet,” said Ganesh Iyer, Director, Product Marketing, Financial Market Network at IPC. “While the survey results suggest that the industry is underprepared for mandated SEF trading, we see this issue as more of a fear of uncertainty around industry-wide implementation and regulatory governance. Individual firms, SEFs and their equivalent platforms are already planning connectivity, systems and processes to be ready to meet the new trading requirements.”

The full survey report, titled “Market View 2014: OTC Derivatives Regulations and Swap Execution Facilities,” can be downloaded from IPC’s website.

About IPC

IPC is a leading global provider of specialized communications solutions for the financial trading community. With a 100-percent focus on this sector and over 40 years of expertise, IPC provides customers with integrated solutions that support traders and participants across the entire trade lifecycle including sell-side and buy-side financial institutions, inter-dealer brokers, liquidity venues, clearing and settlement firms, independent software vendors, corporate finance departments, financial information exchange providers and market data providers. IPC’s offerings include a unified

communications/application platform, award-winning hard and soft turrets, managed voice and data network connectivity solutions and dedicated service and support. IPC’s global reach extends to more than 60 countries – including a network of 5,000 customer sites over 630 cities and an installed base of approximately 118,000 trading positions deployed worldwide. Headquartered in Jersey City, New Jersey, IPC has approximately 900 employees located throughout the Americas and the EMEA and Asia-Pacific regions.

IPC Systems, Inc., a leading global provider of specialized communications solutions for the financial trading community, announced that Vivienne Court, a financial trading firm, based in Potts Point, has selected IPC’s Financial Markets Network offerings to cover their voice and electronic trading network connectivity requirements. Vivienne Court has a unique business model based upon social principles and a shareholder model which removes economically motivated equity holders and replaces them with a charitable entity.

IPC provides operationally efficient global network connectivity solution with a sole focus on financial institutions. The use of IP Trader Voice Lines, Direct Connect network connectivity and Connexus, IPC’s global Extranet, helps Vivienne Court to leverage integrated infrastructure to connect to multiple venues and counterparties.

Vivienne Court operates in a very niche part of the financial world with its core business in market making. They provide liquidity to the market by taking long and short positions, offsetting risk where there are buy and sell imbalances in the markets.

“We are delighted to join IPC in partnership to provide global connectivity for our trading ecosystem with Trader Voice Lines and Connexus, said Rob Keldoulis, CEO of Vivienne Court in announcing their partnership. We are very mindful of who we choose to partner with and our experience with IPC to date in terms of their product offering as well as their service levels and working ethos has been very pleasing.”

David Dodd, Senior Vice President of IPC Systems, Inc., mentioned that “Given Vivienne Court’s unique business strategy, IPC is excited to work with Vivienne Court to carry their business forward and help them achieve their business goals.”

Connexus is part of the IPC Financial Markets Network service portfolio which also includes private extranet and Direct Connect data services, as well as Trader Enhanced voice connectivity services. IPC’s Financial Markets Network interconnects global financial centers and allows access to more than 4,000 market participant locations in over 700 cities in nearly 60 countries. Built on an IP/MPLS backbone, the highly scalable and secure Connexus supports a number of industry standard and trading protocols.

About IPC

IPC is a leading global provider of specialized communications solutions for the financial trading community. With a 100-percent focus on this sector and over 40 years of expertise, IPC provides customers with integrated solutions that support traders and participants across the entire trade lifecycle including sell-side and buy-side financial institutions, inter-dealer brokers, liquidity venues, clearing and settlement firms, independent software vendors, corporate finance departments, financial information exchange providers and market data providers. IPC’s offerings include a unified communications / application platform, award-winning hard and soft turrets, managed voice and data network connectivity solutions and dedicated service and support. IPC’s global reach extends to more than 60 countries – including a network of 5,000 customer sites over 630 cities and an installed base of approximately 118,000 trading positions deployed worldwide. Headquartered in Jersey City, New Jersey, IPC has approximately 900 employees located throughout the Americas and the EMEA and Asia-Pacific regions. For more information, visit www.ipc.com.

IPC Systems, Inc., a leading provider of mission critical voice and electronic communication solutions to the world’s top financial services firms and global enterprises, today announced that Connectivity In A Box (CIB), a leading edge provider of FIX messaging connectivity solutions, has joined IPC’s Connexus Financial Extranet Community.

FIX messaging services have traditionally been a captive operation provided by brokerage firms, and users of these services have often been limited by the broker’s connectivity services, as well as by the high costs associated with these services. By making CIB’s normalized FIX messaging platform available to all financial market participants on IPC’s cloud-based Connexus Service, users will be able to seamlessly communicate with their trading counterparties across the globe quickly and cost-efficiently. Currently CIB is deploying its FIX messaging solution to North American customers and will extend connectivity to Europe and Asia later this year.

“We are delighted to be part of IPC’s Connexus Financial Extranet Community. Having CIB as a part of IPC’s extranet  enables us to reach a large financial trading community,  allowing us to meet the goal of making FIX messaging solutions more of a standard utility for trading,” said Eric Greenspan, founder, CIB.  “IPC offers our users a reliable, cost-effective and secure way to communicate with their counterparties around the global.”

 

“CIB is a firm headed by pioneers who have brought a number of large Wall Street entities to the forefront of banking connectivity technology. That heritage of innovation lives on in CIB’s cutting-edge FIX based messaging solutions, and we are pleased to have CIB join the Connexus Community,” Joe Pickel, vice president, Network Services Product Management, IPC, said.

The Connexus Financial Extranet is part of IPC’s Financial Markets Network solution portfolio which includes private extranet, DirectConnect and Managed MPLS VPN data services, as well as Trader and Enhanced IP voice connectivity solutions. IPC’s Financial Markets Network interconnects global financial centers and allows access to more than 5,000 ecosystem participants in over 700 cities in nearly 60 countries.  Built on a state of the art IP/MPLS infrastructure, the highly scalable and secure Connexus Extranet supports a number of industry standard and trading protocols.

About IPC

IPC is a leading global provider of specialized communications solutions for the global financial trading community. With a 100-percent focus on this sector and over 40 years of expertise, IPC provides customers with integrated solutions that support traders and participants across the entire trade lifecycle including sell-side and buy-side financial institutions, inter- dealer brokers, liquidity venues, clearing and settlement firms, independent software vendors, corporate finance departments, financial information exchange providers and market data providers. IPC’s offerings include the first unified communications/application platform, award-winning hard and soft turrets, managed voice and data connectivity solutions and follow-the-sun service and support. IPC’s global reach extends to more than 60 countries – including a financial extranet of 5,000 on-net locations in over 700 cities and more than 115,000 turrets deployed worldwide. Headquartered in Jersey City, New Jersey, IPC has approximately 1,000 employees located throughout the Americas and the EMEA and Asia-Pacific regions. For more information, visit www.ipc.com.

About Connectivity in a Box

CIB was formed in early 2012 by a team of expert technologists responsible for bringing several large Wall Street entities to the leading edge of Banking Client Connectivity Technology. Each member of our core team has more than 15 years of hands-on experience in the implementation and operation of the FIX messaging protocol for client connectivity. Our core competencies are extensive and span all facets of development, implementation and operation of FIX based client connectivity across all asset classes. The CIB team is now focusing our expertise on driving the next evolution in our industry. We have created a fully hosted and fully managed client adoption solution that provides all the features, flexibility and stability of a captive operation at a substantially lower cost. The needs of our clients are our top priority and we will provide the features and support necessary to outsource your client adoption needs to CIB.

IPC, a leading provider of unified trading communications solutions to the world’s top financial services firms, today announced that Lance Boxer has retired from his role as Chief Executive Officer. Neil Barua, a veteran technology industry executive, has been appointed as the company’s interim Chief Executive Officer.

The company has commenced a search for a permanent chief executive officer and will consider internal and external candidates. The leadership transition at IPC is effective immediately.

Mr. Boxer retired from the company after misrepresentations were discovered in the educational background included in his official company biography.

“I deeply regret misrepresenting my educational background and have concluded my retirement is in IPC’s best interest,” said Mr. Boxer. “I want to emphasize that my lapse in judgment was a personal mistake and my departure is wholly unrelated to the company’s operations and performance.”

Mr. Boxer added: “IPC is positioned for continued growth under the leadership of a highly talented management team. I wish the company and my colleagues’ great success going forward.”

“We thank Lance for his many contributions to IPC,” the company’s board said. “We remain confident in IPC’s performance and growth outlook under the company’s current management and the incoming senior leadership.”

Interim Chief Executive Officer Neil Barua previously served on the executive leadership team of telecommunications company Global Crossing and is currently an operating partner at Silver Lake, the global leader in technology investing.

About IPC

IPC is a leading global provider of specialized communications solutions for the global financial trading community. With a 100-percent focus on this sector and over 40 years of expertise, IPC provides customers with integrated solutions that support traders and participants across the entire trade lifecycle including sell-side and buy-side financial institutions, inter- dealer brokers, liquidity venues, clearing and settlement firms, independent software vendors, corporate finance departments, financial information exchange providers and market data providers. IPC’s offerings include the first unified communications/application platform, award-winning hard and soft turrets, managed voice and data connectivity solutions and follow-the-sun service and support. IPC’s global reach extends to more than 60 countries – including a financial extranet of 5,000 on-net locations in over 700 cities and more than 115,000 turrets deployed worldwide. Headquartered in Jersey City, New Jersey, IPC has approximately 1,000 employees located throughout the Americas and the EMEA and Asia-Pacific regions.

In the wake of increasingly tight regulations, capital markets firms are being confronted with new operational challenges and risks every day. Regulators have imposed voice recording requirements that require a holistic approach to the management of the voice recording platform by teams of people with experience managing these systems in a regulated environment. To help capital markets firms address new regulatory mandates and reduce their operational risk, IPC Systems, Inc., a leading provider of trading communications solutions to the world’s top financial services firms today announced the debut of their voice recording management (VRM) service. Available through IPC Enhanced Services, the offering further deepens IPC’s relationship with its roster of leading financial services firms.

VRM was developed as a response to customer demand for specialized services to support their voice recording compliance efforts,  reduce operational risks of managing the system and improve flexibility. More and more complex regulations such as Dodd-Frank and MiFID are generating a substantial increase in the amount of attention required for voice recording, including administration, archival, and retrieval of recorded calls.

• A part of the IPC Enhanced Services solution set, VRM will provide:
• Voice recording assessment including confirmation of call recording and archival over a 90- day period along with testing of the system’s integrity
• Daily health checks verifying the platform is operational and recording all  calls the customer designates
• Patch management and implementation to keep the platform current diminishing risk of disruption of trading
• Lab testing of new products and software to certify they function as intended when deployed

“Despite the growth of automated trading, voice based communication remains a key element of today’s trading landscape,” said Dushyant Shahrawat, Senior Research Director, CEB TowerGroup. “But what’s become critical is to better manage, optimize and control voice communication, compared to five years ago. Major drivers are cost considerations, competitive factors, and the incredible pressure of new regulations that require firms to monitor, audit and archive voice based traffic”.

 

“Capital markets firms face the challenge of complying with multiple, evolving global regulations,” said Paul DiBlasi, IPC’S Director of Product Management. “Being able to continuously capture and archive required calls as well as retrieve complete records for compliance and regulators is both an art and a science. IPC’s experience supporting hundreds of banks and brokerages has bred a high level of voice recording expertise throughout the organization.  This experience is combined with our ITIL-based processes to deliver an unrivaled service that helps firms reduce their operational risk, manage costs, and most importantly, comply with complex regulations”.

IPC Enhanced Services offerings are dedicated to providing managed services solutions with a flexible service model to meet the specific needs of individual customers and manage the trading communications infrastructure of financial institutions. IPC Enhanced Services works with firms to develop the solutions that meet their individual requirements and provides the right combination of skilled resources, standard processes and systems to provide consistent, reliable service.

About IPC

IPC offers high- and low-touch trading communications solutions to the global financial trading community including the top investment banks, hedge funds and investment managers in established and emerging markets. With a 100-percent focus on this sector and 40 years of expertise and an unrivaled record of innovation, IPC provides customers with unified solutions that support collaborative voice trading and real-time electronic trading and market data connectivity.  IPC’s offerings include the first unified communications/application platform, award-winning hard and soft turrets, electronic connectivity services including enhanced voice services, business continuity solutions, and follow-the-sun service and support. IPC’s global reach extends to nearly 60 countries – including a financial extranet of 4,000 on-net locations in over 700 cities and more than 115,000 turrets deployed worldwide. Headquartered in Jersey City, New Jersey, IPC has approximately 1,000 employees located throughout the Americas and the EMEA and Asia-Pacific regions.

2014 is poised to be a year of innovation and competitive differentiation in the financial services industry, based on the results from a recent survey of financial firms that highlights an increased investment in technology for 2014 to drive business growth and manage the market challenges in the coming year.  The survey, “A Look Ahead to Industry Technology Trends in 2014” conducted by IPC Systems, Inc., a leading provider of voice and electronic trading communications solutions to the world’s top financial services firms and global enterprises, and released today, shows that traders and IT decision makers want to grow their businesses in the next year with added network services and infrastructure to streamline their processes and become more cost-effective.

Although technology for traders, the trading desk and trading floor is still a priority, the survey reflected a shift in financial institutions’ budgets compared to last year’s survey*, with 46% of respondents showing these to come second to network infrastructure. Updates necessitated by regulatory changes distracted from traders’ 2013 technology priorities and proved a need for sufficient network security and connectivity to global markets in the next year to stay competitive. Investing in business infrastructure will help firms tap into their existing data for customer insights and potential opportunities. Of those surveyed, 56% said they would utilize managed services in 2014 to maintain their market data technology, as well as mobility trading solutions (12%) and voice recording (10%).

“Market data has been delivered as a managed service for some time now, and financial firms have realized the additional value-add that managed services can deliver when integrating this with their current financial technology,” said Bart Bartolozzi, senior product marketing manager at IPC Systems. “New and innovative managed services offerings are now being delivered that provide firms with deeper technology oversight, best practice processes and other benefits that provide efficiency and productivity advantages or help meet the burden of increased regulatory pressures.”

Additional key findings include:

• 55 percent of respondents said they do not plan to implement a cloud-based infrastructure on the trading floor, down from 100 percent of respondents in 2013 who said they would, or already had, implemented a cloud infrastructure.
• 34 percent of participants said their primary driver for technology investments were to gain a competitive advantage.
• Nearly a third of firms say they will increase investments in mobile and desktop trading technology.

The research covered a broad range of roles for staff supporting the full trading lifecycle from order initiation and execution to clearing and settlement. Respondents came from the front, middle, and back office and included people involved in both the business and technology side of trading support.

About IPC

IPC offers high- and low-touch trading communications solutions to the global financial trading community including the top investment banks, hedge funds and investment managers in established and emerging markets. With a 100-percent focus on this sector and nearly 40 years of expertise and an unrivaled record of innovation, IPC provides customers with unified solutions that support collaborative voice trading and real-time electronic trading and market data connectivity.  IPC’s offerings include the first unified communications/application platform, award-winning hard and soft turrets, electronic connectivity services including enhanced voice services, business continuity solutions, and follow-the-sun service and support. IPC’s global reach extends to nearly 60 countries – including a financial extranet of 4,000 on-net locations in over 700 cities and more than 115,000 turrets deployed worldwide. Headquartered in Jersey City, New Jersey, IPC has approximately 1,000 employees located throughout the Americas and the EMEA and Asia-Pacific regions.

Astrends in OTC derivatives trading continue to be influenced by new regulations and technology, IPC Systems, Inc., a leading provider of voice and electronic trading communications solutions to the world’s top financial services firms and global enterprises, today announced that TeraExchange, an approved Swap Execution Facility (SEF), has joined IPC’s Connexus Financial Extranet service.

Using IPC’s Connexus, numerous capital market participants around the globe will beable to access a variety of trading technologies from TeraExchange. As well as a multi-asset class central limit order book, these services include TeraDirect, a full-featured execution management system (EMS); and TeraCheck, a credit risk management tool.

“Providing access to IPC’s network provides significant operational improvements to our users,” said Leonard T. Nuara, President, Chief Operating Officer and Co-Founder of TeraExchange. “It will enhance compliance through the use of a proven and secure extranet.”

 

“IPC is committed to providing industry leading, value-added network solutions fortraders in a reliable and secure environment,” said Bart Bartolozzi, Senior Product Marketing Manager, IPC. “The growth in OTC trading and the launch of SEFs are the latest trends in the industry and are therefore in high demand. Connexus provides leading market participants with access to critical trade lifecycle applications from TeraExchange that enables their participation in this industry opportunity.”

The Connexus Financial Extranet is part of the IPC Financial Markets Network service portfolio, which also includes private extranet and Direct Connect 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 4,000 market participant locations in over 700 cities innearly 60 countries.  Built on an IP/MPLS backbone, the highly scalable and secure Connexus supports a number of industry standard and trading protocols.

About IPC

IPC offers high- and low-touch trading communications solutions to the global financial trading community including the top investment banks, hedge funds and investment managers in established and emerging markets. With a 100-percent focus on this sector and nearly 40 years of expertise and an unrivaled record of innovation, IPC provides customers with unified solutions that support collaborative voice trading and real-time electronic trading and market data connectivity.  IPC’s offerings include the first unified communications/application platform, award-winning hard and soft turrets, electronic connectivity services including enhanced voice services, business continuity solutions, and follow-the-sun service and support. IPC’s global reach extends to nearly 60 countries – including a financial extranet of 4,000 on-net locations in over 700 cities and more than 115,000 turrets deployed worldwide. Headquartered in Jersey City, New Jersey, IPC has approximately 1,000 employees located throughout the Americas and the EMEA and Asia-Pacific regions. For more information, visit www.ipc.com.

About TeraExchange

TeraExchange is a CFTC registered swap execution facility (SEF) offering market participants an anonymous, multi-asset class central limit order book (CLOB) for interestrate swaps, credit default swap indices and FX derivatives.

With benchmark and bespoke instruments listed, TeraExchange enables participants to initiate, hedge, consolidate or terminate a diverse set of risk positions. TeraExchange also offers institutional investors a direct-to-dealer (or request-for-quote) trading protocol integrated into its CLOB including compression and unwind services for full life-cycle management.

In addition to its core trading platform, TeraExchange offers two other trading tools for institutional investors. TeraDirect is a front-end execution management system that provides real-time pricing from a range of execution venues, as well as other tools needed to trade on TeraExchange. TeraCheck is a proprietary pre-trade credit risk management engine for market participants, including futures commission merchants (FCMs). TeraCheck integrates seamlessly with in-house and external credit hub systems. Participants may also connect to TeraExchange via FIX, FAST, FpML and other protocols.

IPC Systems, Inc., a leading provider of unified trading communications solutions to the world’s top financial services firms, today announced that industry veteran Neil Gray has joined as the Vice President of Product Marketing in its Trading Communications Solutions division.

A respected industry innovator, Graybrings over 20 years’ experience of creating and launching new products which have changed the way the trading industry communicates.  Neil is a leading authority on the use of communications and collaboration technology in trading, having built and sold two successful companies offering new technology tofinancial institutions.  In his position at IPC, Gray will be instrumental in charting IPC’s future product strategy and engaging with customers and potential partners.

Neil’s unparalleled experience includes founding and growing Veclipse, a global business delivering next generation Trader Voice solutions for trading institutions including some of the top global banking firms, and founding and growing Purple Voice, a Microsoft operating system based early soft-switch technology, which provided the first software-only Intercom, Hoots and Broadcasts to desktops in global financial trading houses.

This is not Neil’s first time working at IPC.  Neil sold his business, PurpleVoice, to IPC in 2003 and continued on as the Vice President Product Development.  During his time in the role, he created soft and mobility solutions that allowed a single global number plan for internet working between systems.

Michael Speranza, Senior Vice President and Managing Director, Trading Communication Systems, said, “Neil rejoins IPC at an exciting time for the company, and the market.  The industry is going through massive change, and IPC is uniquely positioned to leverage its heritage, technology and customer base to help its clients capitalise on the new opportunities available to them.  Neil is a real thought-leader in the industry and we’re delighted to welcome him back to IPC.”

Gray’s appointment is part of a broader strategic plan at IPC.  The company sees big market opportunities and sought to put the best team in place to take advantage of those opportunities.  Gray will lead the team responsible for creating new IPC products that will further enable financial institutions to manage high profile issues including compliance, mobility/BYOD, and end-user productivity.

Commenting on his new role, Neil Gray said, “I am really excited to be rejoining IPC and collaborating with this team of innovators.  I’m energized by the company’s fantastic mix of strong market position, strategic assets that others in the industry can only dream of, and helping them realize their strategic vision.”

Neil Gray will be based in IPC’s City of London operation.

About IPC

IPC offers high- and low-touch trading communications solutions to the global financial trading community including the top investment banks, hedge funds and investment managers in established and emerging markets. With a 100-percent focus on this sector and nearly 40 years of expertise and an unrivalled record of innovation, IPC provides customers with unified solutions that support collaborative voice trading and real-time electronic trading and market data connectivity.  IPC’s offerings include the first unified communications/application platform, award-winning hard and soft turrets, electronic connectivity services including enhanced voice services, business continuity solutions, and follow-the-sun service and support. IPC’s global reach extends to nearly 60 countries –including a financial extranet of 4,000 on-net locations in over 700 cities and more than 115,000 turrets deployed worldwide. Headquartered in Jersey City, New Jersey, IPC has approximately 1,000 employees located throughout the Americas and the EMEA and Asia-Pacific regions.