IPC Provides Orbixa with High-Speed Connectivity to BATS Exchange
By Ipc Systems, PRNEMonday, June 21, 2010
Orbixa to leverage IPC's high-speed Electronic Connectivity Services for secure, native Ethernet connectivity into the BATS Exchange
JERSEY CITY, New Jersey, June 22, 2010 - IPC Systems, Inc., a leading provider of indispensable trading
communications solutions to the world's top financial services firms and
global enterprises, today announced that it is providing Orbixa with highly
reliable, secure, low-latency electronic connectivity to the BATS Exchange,
the world's third-largest stock exchange operator, via IPC's Electronic
Connectivity Services (ECS).
With an average order latency of just 250 microseconds and a history of
maintaining system performance in the busiest of markets, the BATS Exchange
is acknowledged for its world-class performance. Orbixa's traders will be
able to take full advantage of BATS' sustained low-latency thanks to the
Gigabit Ethernet performance of IPC's ECS and the company's dedicated global
network.
IPC's worldwide network already supports 4,000 market participants, and
enables financial services firms to meet all their global, regional and local
connectivity needs for every stage of the trade lifecycle. The company's
network provides customers such as Orbixa with dedicated Ethernet
connectivity to their most important trading partners while IPC's 24×7x365
worldwide managed services capability enables industry-leading levels of
reliability, security and resilience.
"Average daily volumes continue to grow on the BATS Exchange in 2010, and
we wanted to provide our growing number of clients with dedicated high-speed
access to what is now one of the world's most significant venues," commented
Randy Bucking, Director, IT & Global Networks at Orbixa. "Our clients demand
fast and secure access to all their exchange destinations, and IPC's
Electronic Connectivity Services clearly provides the low latency performance
we need, backed by dedicated bandwidth and proven reliability from a provider
focused solely on the financial services marketplace."
"We're delighted that IPC is connecting Orbixa to BATS, and we look
forward to welcoming a new generation of Orbixa equities traders to our
exchange," added Joe Bracco, vice president and head of U.S. Sales, BATS
Exchange. "In just four years we've captured 11 percent market share in U.S.
equities, and this fall we're launching a second U.S. equities platform, so
it's a great time for Orbixa to take advantage of IPC's high-speed, reliable
and scalable Electronic Connectivity Services to connect to BATS."
"At IPC we already supply high-speed connectivity to more than 2,400
trading floors and exchanges across the globe, so we're ideally placed to
support venues such as the BATS Exchange as well as trading specialists such
as Orbixa as they work to retain a competitive advantage in today's global
marketplace," said Dave Brown, senior vice president, Network Operations, IPC
Systems. "IPC is committed to providing trading customers with guaranteed
delivery, maximum throughput and the lowest latency available for
carrier-class dedicated Ethernet services. We're delighted that Orbixa chose
IPC as its financial networking partner for its critical BATS Exchange
connectivity."
Orbixa's connectivity to BATS is part of IPC's ongoing drive to leverage
its high-capacity financial extranet infrastructure and provide firms with a
scalable connectivity solution for extreme trading environments. IPC's ECS
platform is designed specifically for electronic trading, allowing traders to
benefit from secure, dedicated bandwidth and select from a wide range of
scalable and flexible connections to maximize evolving electronic trading
requirements.
About Orbixa
Founded in 1988, Orbixa provides unparalleled access to international
markets and exchanges for an ever-increasing number of successful trading
floors around the world. Orbixa's global network of trading floors - and it's
state-of-the-art technical infrastructure - enables the delivery of real-time
equity trading services to virtually any city in any country around the
world. For more information, please visit www.orbixa.com.
About BATS Global Markets
BATS Global Markets (BATS) is an innovative global financial markets
technology company headquartered in the Kansas City, Mo., area with
additional offices in New York and London. The BATS platform was launched in
January 2006 and, operating as BATS Exchange, Inc., is a premier destination
among the top ranked equity markets in the United States. BATS serves the
European market through its London based, FSA-authorised subsidiary, BATS
Europe, which operates a Multilateral Trading Facility for European
securities. Most recently, BATS launched a US equity options market, BATS
Options, and expects to launch a second US equities exchange, BYX, in 2010.
The BATS platform is internally developed by a dedicated core team of market
and technology professionals, catering to the needs of the broker-dealer and
trading community. BATS … Making Markets Better.
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.
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 of IPC Systems, Inc., +1-201-253-2291, cliff.fox at ipc.com; or Matt Pennacchio of Ruder Finn, +1-212-715-1613, pennacchiom at ruderfinn.com, for IPC
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