ICAP Selects IPC as Preferred Supplier of Trader Voice Connectivity Globally
IPC, a leading provider of trading communications solutions to the world’s top financial services firms, today announced that ICAP, Plc., a leading markets operator and provider of post trade risk mitigation and information services, has selected several of IPC’s Financial Markets Network services for its global connectivity needs, including Trader Voice, the Connexus Financial Extranet and the Direct Connect data service.
Leveraging IPC’s services, ICAP will have access to rapid connectivity and trading parties anywhere in the world with approximately 5,000 financial institutions instantly reachable. In addition, the company will enjoy comprehensive Business Continuity Planning/Disaster Recovery capabilities, enabling enterprise-wide survivability, mobility and flexibility.
IPC will become ICAP’s preferred global supplier of Trader Voice Connectivity, further building on a strategic partnership which also encompasses Trading Systems and Data Services. ICAP and IPC will work together to manage the seamless migration of all of ICAP’s Trader Voice circuit inventory on to IPC’s fully resilient Trader Voice Connectivity Platform.
“ICAP chose to partner with IPC because it is an industry leader providing reach, scale and geographic coverage, with the levels of network resiliency and diversity we require,” said Alan Pittard, ICAP Vendor Management. “By using IPC’s Financial Markets Network services, we gain professionally managed connectivity that enables us to provide our international clients with highly sophisticated access to financial markets across six continents.”
“IPC is committed to providing industry leading, value-added network solutions for traders in a reliable and secure environment,” said Barry Purkis, senior vice president, IPC. “By strengthening our strategic partnership with ICAP, not only can we enable them to connect globally with fast and efficient access, but we have created a solid foundation that underpins all future service offerings and developments encompassing on-demand cloud based solutions, electronic trading and applications.”
The IPC Financial Markets Network service portfolio includes the Connexus Financial Extranet and Direct Connect data services, as well as Trader and Enhanced Voice connectivity services. IPC’s Financial Markets Network interconnects global financial centers and allows access to approximately 5,000 market participant locations in over 700 cities in nearly 60 countries.
About IPC
IPC is a leading global provider of specialized communications solutions for the financial trading community. With a 100-percent focus on this sector and over 40 years of expertise, IPC provides customers with integrated solutions that support traders and participants across the entire trade lifecycle including sell-side and buy-side financial institutions, inter-dealer brokers, liquidity venues, clearing and settlement firms, independent software vendors, corporate finance departments, financial information exchange providers and market data providers. IPC’s offerings include a unified communications/application platform, award-winning hard and soft turrets, managed voice and data network connectivity solutions, trading communications infrastructure management and dedicated service and support. IPC’s global reach extends to more than 60 countries – including a network of 5,000 customer sites over 700 cities and an installed base of approximately 118,000 trading positions deployed worldwide. Headquartered in Jersey City, New Jersey, IPC has approximately 900 employees located throughout the Americas and the EMEA and Asia-Pacific regions.
About ICAP
ICAP is a leading markets operator and provider of post trade risk mitigation and information services. Group companies provide services that match buyers and sellers in the wholesale markets in interest rates, credit, commodities, FX, emerging markets and equity derivatives through voice and electronic networks. Through our post trade risk and information services we help our customers manage and mitigate risks in their portfolios.
