BST and IPC Announce Global Partnership to Promote FinOffice

Partnership provides turnkey solution to manage the complexities of electronic connectivity services and associated costs for financial services trading firms

LONDON and JERSEY CITY, New Jersey, December 8 - BST, a leading international provider of market data and telecom expense
management solutions and IPC Systems, the leading provider of indispensable
trading communications solutions to the world's leading financial services
firms, today announced a global partnership for the distribution of BST's
FinOffice5 Cost Management Software.

This distribution agreement creates a strategic partnership to extend
BST's reach into new market territories and allows IPC to provide a market
proven, value added, cost management solution to complement its expanding
portfolio of Electronic Connectivity Services (ECS) for the world's leading
financial services firms.

The complexity of managing connectivity infrastructure and the associated
cost structures has grown exponentially over the last ten years, while the
resources of the consuming banks, brokers and market participants has become
increasingly limited. IPC and BST together are providing an alternative
solution to augment existing in-house and vendor driven solutions to provide
customers with real tools to manage the complicated connectivity and market
data costs.

"IPC is proud to be a leading provider of electronic data and voice
trading connectivity services and products to thousands of global financial
institutions. Because we're one hundred percent focused on financial market
communities, our global network has evolved to support Electronic
Connectivity Services across all aspects of the trade lifecycle, including
market data feeds and electronic trading," stated Dave Brown, senior vice
president, Global Network Operations, IPC Systems. "As part of our commitment
to deliver incremental value for our customers, IPC combines low latency
connectivity to support electronic trading, with the software tools to allow
customers to manage the associated market data costs more effectively. Our
partnership with BST will facilitate this turnkey approach and we look
forward to working with them to provide our customers the best possible
solutions."

Peter Finnerty, U.K. sales director, BST Europe continues, "We are
delighted to be working with IPC on a global basis. Their market reach across
all of the major financial centres worldwide will allow us to build on our
already impressive customer list. It also provides IPC with a well rounded
offering to the marketplace - more compelling than any other competitive
offering in this space."

About BST

For over 20 years BST has been providing the world's largest financial
organizations with cost management software solutions. As the need for
real-time market data feeds has grown, so has the expense of their provision.
The FinOffice5 software suite was designed for organizations to manage these
costs effectively - regardless of the number of vendors utilized. BST also
provides Cost Management solutions for Telecoms managers to manage all of
their vendor costs in one, easy to use application.

BST continues to be responsive to the individual needs of its customers
long after providing the perfect solution for their market data and telecom
business. Founded in 1989, BST has offices in New York (BST America), London
(BST Europe), and Zurich (BST Banking Software Training AG).

For further information on BST's products, services, management and local
contact details, please consult our web-sites at www.bsteurope.co.uk or
www.bstamerica.com.

About IPC

IPC is a leading provider of indispensable financial trading
communications solutions to the world's leading financial services firms and
global enterprises. With 35 years of expertise and innovation, IPC provides
its customers with global systems and solutions, as well as a suite of
products and enhanced services that includes advanced Voice-over-IP
technology and integrated network and 24×7x365 management services in more
than 60 countries. Based in Jersey City, N.J., IPC has approximately 900
employees throughout the Americas, Europe and Asia-Pacific regions. For more
information, visit www.ipc.com.

    Media Contacts

    Peter Finnerty
    BST Europe Ltd.
    +44-207-522-6055
    pef@bsteurope.co.uk

    Cliff Fox                    Matt Pennacchio
    IPC Systems, Inc.            Ruder Finn for IPC
    +1-201-253-2291              +1-212-715-1613
    cliff.fox@ipc.com            pennacchiom@ruderfinn.com

Peter Finnerty, BST Europe Ltd., +44-207-522-6055, pef at bsteurope.co.uk; or Cliff Fox, IPC Systems, Inc., +1-201-253-2291, cliff.fox at ipc.com; or Matt Pennacchio, Ruder Finn for IPC, +1-212-715-1613, pennacchiom at ruderfinn.com