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.
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.
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.
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