Archives: News Room

NEW YORK, 6 December, 2022 – BXS, the industry’s leading regulatory reporting provider has partnered with IPC Systems, a leading provider of secure, compliant communications and multi-cloud connectivity solutions for the global financial markets. The partnership provides connectivity to BXS’ recently launched BXS Trade Surveillance Solution accessed via Connexus® Cloud, IPC’s unparalleled multi-cloud platform for the global financial markets.

The all-new trade surveillance solution is the latest innovation from BXS (formerly Best Execution Solutions), a longtime leader in the data analytics and regulatory reporting space for the capital markets industry. BXS is taking its expertise from 20+ years of niche best execution experience and applying their knowledge to help firms with trade surveillance and monitoring. Now, BXS’s unparalleled surveillance solution can be accessed via the secure, high-performance Connexus Cloud platform, which aims to provide a streamlined experience for compliance managers to rapidly view the most important alerts that may include orders and trades involved in market manipulation.

Within this new product a user can investigate the complete order lifecycle and view a snapshot of the marketplace surrounding the time of the order to resolve alerts quickly and effectively, avoiding a backlog of aging tickets. Some of the alerts include, spoofing, layering, marking the open/close, and insider trading among many others. By enabling connectivity on the IPC Connexus Cloud, new users and existing clients alike can now easily access the BXS platform and all other products including Rule 606 and TCA reporting, with expedited and seamless onboarding.

Connexus Cloud is an award-winning multi-cloud platform for the global financial markets, an ecosystem that interconnects over 7,000 diverse capital market participants across 750 cities in more than 60 countries. This flagship solution leverages IPC’s 50 years of experience in delivering specialized communications solutions connecting clients throughout the trade lifecycle.

“We are excited to extend IPC’s compliance offering as we partner with BXS to create a streamlined approach to trade surveillance, successfully mitigating the myriad of challenges often associated with execution analytics and compliance.”– Mike Smith, Director of Network Services at IPC Systems.

“The industry is always looking for ways to improve and become more efficient, often that can mean consolidating vendors and workflows. Our All-in-one Trade surveillance solution combines alerts, investigation, and case management in one tool, consolidating workflows and saving time for compliance managers.” – Michael Post, Executive Vice President at BXS.

IPC is a technology and service leader powering the global financial markets. We leverage 50 years of experience in delivering specialized communications solutions, helping clients anticipate, change and solve problems, setting the standard with industry expertise, exceptional service, and comprehensive technology. With a customer-first mentality, IPC brings together one of the largest and most diverse global financial ecosystems spanning all asset classes and market participants. As the enabler of this ecosystem, IPC empowers the community to interact, transact and react to market changes and challenges, and we collaborate with our customers to make them secure, productive, compliant, and connected. Visit ipc.com and follow us on Linkedin.

BXS is a trade data analytics firm that builds cutting-edge technology to deliver high-performance compliance solutions and powerful market insights to broker-dealers, buy-side firms, hedge funds, market centers, and individual traders. BXS focuses on providing Best Execution tools, trading analytics and surveillance software across a range of asset classes, which enable market participants to meet a variety of reporting obligations while also unlocking competitive advantages. Founded in 2015 by the team that helped shape the modern equites reporting landscape and built on a robust modular platform, BXS combines made-to-measure solutions with exceptional client service, enabling a streamlined, highly intuitive process that minimizes cost.

NEW YORK, December 2, 2022 – IPC, a leading provider of secure, compliant communications and multi-cloud connectivity solutions for the global financial markets, today announced that its Connexus ALPHA solution has been recognized in the American Financial Technology Awards (AFTAs) as the ‘Best New Technology Introduced Over the Last 12 Months.’ The award recognizes a firm that provides the most innovative technology to enhance, transform, and support a client’s infrastructure needs.

IPC’s Connexus ALPHA serves as the most recent expansion of IPC’s vast electronic trading portfolio. The solution, launched in March 2022, has a far-reaching global impact, enabling hedge funds, funds of funds, proprietary trading firms, market makers, broker/dealers, and other market participants in the United States, Europe, and APAC to connect to key global liquidity venues through ultra-low latency optimized point-to-point optical fiber connections. Market participants that leverage Connexus ALPHA gain a valuable speed advantage in executing complex trading strategies while reducing the cost of trades.

“It is an honor to receive the award for ‘Best New Technology Introduced Over the Last 12 Months’ for our Connexus ALPHA solution,” said Bob Santella, Chief Executive Officer, IPC Systems. “This AFTA win reinforces our leadership position as we ensure market participants can trade seamlessly across the global financial markets with a state-of-the-art solution. In the fast-paced world of electronic trading, having the lowest possible latency to connect to key liquidity venues is a must. With firms having to come up with ever more sophisticated strategies to execute dynamic trading strategies, it is imperative they have world-class infrastructure to provide a competitive edge.”

Hosted by WatersTechnology, the AFTAs recognize excellence in the deployment and management of financial technology within the asset management and investment banking communities.

IPC is a technology and service leader powering the global financial markets. We leverage 50 years of experience in delivering specialized communications solutions, helping clients anticipate, change and solve problems, setting the standard with industry expertise, exceptional service, and comprehensive technology. With a customer-first mentality, IPC brings together one of the largest and most diverse global financial ecosystems spanning all asset classes and market participants. As the enabler of this ecosystem, IPC empowers the community to interact, transact and react to market changes and challenges, and we collaborate with our customers to make them secure, productive, compliant, and connected. Visit ipc.com and follow us on Linkedin.

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 and 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.waterstechnology.com

Singapore, 18 November, 2022 – IPC Systems, a leading provider of secure, compliant communications and multi-cloud connectivity solutions for the global financial markets and trading community, announced that the firm has won the “COVID Management Initiative of the Year” Award at The Singapore Business Review Management Excellence Awards 2022, supported by IPC’s revolutionary solution, Unigy® Soft Client.

The Singapore Business Review Management Excellence Awards recognises exceptional companies leading digital disruption and technological revolution in the region. Now in its 8^th year, the awards acknowledge management initiatives that made a positive impact to its workforce or customers during the global pandemic.

As the ramifications of Covid-19 unravelled, financial institutions were required to fast-track the development of digital solutions and re-examine how trading floors operated. As a hybrid trading floor fast became a reality, traders demanded mobility and flexibility, with the transition requiring both a dramatic cultural shift and technological upgrade – something IPC were ready for with Unigy® Soft Client – the industry’s leading solution for traders to work remotely.

With the application’s flexible deployment options, Unigy® Soft Client enabled customers to rapidly adapt to a work from home environment, whilst virtually replicating the same experience they have physically in the office, but from the safety of their homes. The pandemic demonstrated that the application facilitated traders and other regulated users to maintain secure, reliable, and compliant communications to their trading counterparties. It also permitted them to source liquidity while maintaining the same trade lifecycle workflows as they would on the trading floor.

“During periods of unpredictability, access to the most up-to-date, efficient, cost-effective, and scalable technology was crucial to the survival of the trading floor. IPC’s Unigy Soft Client flexible deployment options enabled our customers to rapidly adapt to a work from home environment and maintain productivity and compliance in a remote setting. The deployment of our Soft Client product allowed us to not only assist customers during a time of uncertainty, but as a business it allowed us to capture additional market share against our competitors who didn’t perform as effectively during this time.” – Bob Santella, Chief Executive Officer, IPC Systems.

Our team holding the prize at the SBR Management Excellence Awards 2022 Awards Dinner

IPC is a technology and service leader powering the global financial markets. We leverage 50 years of experience in delivering specialized communications solutions, helping clients anticipate, change and solve problems, setting the standard with industry expertise, exceptional service, and comprehensive technology. With a customer-first mentality, IPC brings together one of the largest and most diverse global financial ecosystems spanning all asset classes and market participants. As the enabler of this ecosystem, IPC empowers the community to interact, transact and react to market changes and challenges, and we collaborate with our customers to make them secure, productive, compliant, and connected. Visit ipc.com and follow us on Linkedin.

NEW YORK, NY and WHEATON, IL – November 15, 2022 – IPC Systems, Inc., a leading provider of secure, compliant communications and multi-cloud connectivity solutions for global financial markets and BondWave LLC, an affiliate of First Trust Portfolios L.P. and a leading financial technology firm focused on fixed income solutions, today announced the integration of the flagship Unigy and IQ/Max® Touch solutions with BondWave Calculator, an innovative pre-trade price discovery tool. The partnership offers bond traders an integrated solution that automates the trading workflow by surveilling today’s market activity instantaneously.

The new collaboration leverages BondWave’s sophisticated trade benchmarking engine, alongside IPC’s extensive user community, with direct access through IPC’s IQ/MAX® Touch financial terminal – all delivered at a low total cost of ownership. The BondWave Calculator, as offered on the IQ/MAX Touch financial terminal, provides market participants with the ability to determine, on a pre-trade basis, the fair market value of a bond, while also surfacing additional benchmarks across the regulatory-prescribed ‘waterfall’. The collaboration means that users can do more in less time with the confidence that they have done their diligence for pre-trade price discovery.

“IPC is eager to welcome BondWave and their market leading technology onboard. Our combined expertise allows us to offer the global financial community direct access to IPC’s APP framework capabilities, alongside BondWave, through our IQ/MAX Touch financial terminal. Our strategic partnership is a game-changing proposition that transforms how traders consume applications and optimize workflows,” stated Bob Santella, CEO at IPC Systems.

The IQ/MAX Touch is a software-driven, flexible, extensible and secure communications device for delivering compliance, security and next generation user functionality to the capital markets. An intuitive and powerful tool for bringing advantages throughout your enterprise – a truly global, multi-lingual interface for multinational teams. The broad range of market participants relying on IPC’s solutions has become an integral part of one of the world’s largest and most diverse financial ecosystems, which provides reliable, secure access interconnecting global financial centers, allowing connectivity between more than 7,000 market participant locations across 750 cities in more than 60 countries.

”For decades, IPC has been a leader in providing sophisticated technology and services that meet the unique and ever-evolving needs of the global financial markets,” stated Michael Ruvo, CEO of BondWave. “Our proprietary trade benchmarking engine provides IPC’s vast user base with enhanced pre-trade price discovery tools that ultimately help them trade smarter and more efficiently.”

The BondWave Calculator is powered by BondWave’s Effi® platform, leveraging an API layer that enables seamless integration with partner and proprietary client applications. This new initiative allows users of IPC’s Unigy and IQ/Max Touch solutions to simply enter a security identifier, quantity, price, and buy/sell indicator to instantaneously calculate relevant benchmarks against which to compare their trade.                                                         

NEW YORK, November 4, 2022 – IPC, a leading provider of secure, compliant communications and multi-cloud connectivity solutions for global financial markets, today announced that it has won ‘Best Cloud Provider to the Buy-Side’ in the 2022 WatersTechnology Buy-Side Awards for its Connexus Cloud solution.

Connexus Cloud is a multi-cloud platform ecosystem that interconnects more than 7,000 diverse capital market participants across 750 cities in over 60 countries. The platform is designed to streamline communications throughout the trade lifecycle including buy-side firms, sell-side firms, trading platforms, market centers, liquidity venues, interdealer brokers, application and market data providers, and clearing/settlement services. Earlier this year, Connexus Cloud was also named “Best in Cloud” in the Markets Choice Awards and “Best Cryptocurrency Information Source” in the FinTech Breakthrough Awards.

The WatersTechnology Buy-Side Awards focus on the market-leading technologies developed specifically for use by buy-side firms, designed to allow them to operate more efficiently, transparently, and judiciously. This award recognizes innovative solutions that address the buy-side’s most pressing business, regulatory, operational, and technology needs.

“The strength of Connexus Cloud’s security protocols, combined with the size and composition of IPC’s widespread community of global financial-market participants, makes the platform a uniquely impactful solution to the buy-side. This win is indicative of IPC’s commitment to excellence and dedication to our valued customers as we head into 2023. We look forward to continuing to adapt to the demands of an evolving market as we serve the fintech community and our buy-side clients with the highest-quality cloud execution and compliance solutions on the market.” – Bob Santella, Chief Executive Officer, IPC.