IPC Drives Expansion of Its Global Financial Connectivity Infrastructure
By Ipc Systems, PRNEWednesday, March 17, 2010
With 4,000 market participants, connectivity to IPC's on-net financial community has grown fourfold since 2007, affirms the financial services sector's growing requirement for secure, dedicated global network services connectivity
JERSEY CITY, New Jersey, March 18, 2010 - IPC Systems, Inc., a leading provider of indispensable trading
communications solutions to the world's top financial services firms and
global enterprises, has announced that it now has 4,000 on-net market
participants connected to its global financial community. This marks a
significant growth in the company's Network Services community from 1,000
on-net sites in 2007, and reflects the financial services sector's growing
requirement for secure, low-latency dedicated connectivity services.
IPC's financial network links 200 cities in 60 countries across six
continents, connecting thousands of financial market trading participants
into a single community linked by the company's secure private network. IPC
has operated a dedicated financial extranet for more than 15 years, initially
focusing on the voice trading connectivity infrastructure. Over that time IPC
has become the voice trading connectivity market share leader (source: Kimsey
Consulting) and has grown its Enhanced Voice Services revenue 75 percent over
a one year period. In addition, IPC's Electronic Connectivity Services (ECS)
offering has grown revenue 88 percent with significant expansion of liquidity
and execution access for an increasingly broad range of asset classes and
venues, making the company a logical choice when participants are looking for
new or alternative connectivity across new geographies or the latest
financial instruments.
"Because we've been 100 percent focused on financial markets, we've been
able to engineer our Electronic Connectivity Services from the ground up to
support the electronic trading applications increasingly relied upon by
today's market participants," commented Dave Brown, senior vice president,
Global Network Operations, IPC Systems. "Thanks to our major investment
program to expand and upgrade our global network over the past three years -
we've been able to not only double our route miles and significantly increase
our geographic reach, but also to continually upgrade our built-for-purpose
network infrastructure to ensure scalable high-performance connectivity with
no contention or queuing. It's this combination of low-latency performance
and market-leading security and reliability that has helped us to expand
significantly over the last three years, and will provide a platform for
continued growth."
As part the expansion of IPC's ECS operations, the company has invested
significantly to ensure that the IPC network reaches virtually every trading
destination globally, including alternative venues and those in expanding
markets such as the Middle East, South Africa, South America , and the
Asia-Pacific region. IPC has also worked to increase connectivity support for
its customers, with intra and inter-firm trading infrastructures, links to a
wider range of venues such as exchanges, ECNs, dark pools and alternative
liquidity venues such as multilateral trading facilities (MTF), and further
support for e-trading.
IPC's ECS platform is built on a global networking infrastructure focused
exclusively on providing financial institutions with connectivity for all
aspects of their trade lifecycle. Specifically engineered for electronic
trading applications, the IPC network allows organizations to benefit from
secure, dedicated bandwidth, take advantage of scalable and flexible
connectivity capabilities, and support their evolving electronic trading
requirements.
About IPC
IPC is a leading provider of indispensable financial trading
communications solutions to the world's top 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/.
Statements made in this news release that state IPC's or its management's
intentions, beliefs, expectations, or predictions for the future constitute
"forward looking statements" as defined by federal securities laws, which
involve significant risks and uncertainties.
Many risks and uncertainties are inherent in the telecommunications
equipment industry. Others are more specific to our operations.
The occurrence of the events described and the achievement of the
expected results depend on many factors, some or all of which are not
predictable or within our control. Actual results may differ materially from
results discussed in these forward looking statements. Among the factors that
could cause actual results, performance or achievement to differ materially
from those described or implied in the forward-looking statements, are risks
associated with substantial indebtedness, leverage and debt service, risks
relating to the performance of our business and future operating results,
risks of competition in our existing and future markets, loss or retirement
of key executives, risks related to the notes and to high yield securities
generally, general business and economic conditions, market acceptance
issues, including potential technology changes and the risks inherent in new
product and service introductions and the entry into new geographic markets,
as well as those risk factors described in our filings with the SEC. (c)2009
IPC Systems, Inc. All Rights Reserved. IPC, TradeCARE and MAXaccess 1000 are
registered trademarks and Alliance Express, IQMX, IQ/MAX, Nexus Suite,
Tradenet MX and Tradenet are trademarks of IPC. All other trademarks are the
property of their respective owners.
Media Contacts 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
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
Tags: Asia, Hong Kong, IPC Systems, Jersey city, March 18, new jersey, United Kingdom