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IPC Expands Partnership with Best Execution Solutions into Canada

NEW YORK and TORONTO – July 7, 2020 – IPC, a leading global provider of secure, compliant communications and networking solutions for the global financial markets community, announced today that its award-winning Connexus Cloud platform has expanded its offering of compliance products to Canadian financial firms and exchanges through its partnership with Best Execution Solutions, LLC (BXS), a premier provider of Best Execution analytics and trade surveillance software. BXS’s unparalleled toolkit can be accessed via the secure, high-performance Connexus Cloud platform.

“We’re taking the success of our U.S. partnership with BXS to Canada’s exciting and dynamic financial markets,” said Mike Smith, Director of Global Exchange Relations Management, IPC. “Execution analytics can be quite daunting for firms around the world, and we’re fortunate to have been able to incorporate BXS’s offerings into IPC’s flagship Connexus Cloud ecosystem.”

BXS has developed a reliable set of products that provide Canadian market centers, broker-dealers, and institutions highly cost-effective solutions that fulfill their compliance reporting obligations, along with a comprehensive set of trading surveillance modules and transaction cost-analysis tools.

“It’s phenomenal to be able to grow our integration with IPC’s Connexus Cloud ecosystem through this expansion into Canadian markets,” said Mike Post, Executive Vice President, BXS.

Connexus Cloud is an unparalleled multi-cloud platform for the global financial markets, a financial ecosystem that interconnects more than 6,600 diverse capital market participants across 750 cities in over 60 countries. To learn more, or to speak to IPC experts about Connexus Cloud, please visit www.ipc.com.

About IPC

IPC is a technology and service leader powering the global financial markets. We help clients anticipate change and solve problems, setting the standard with industry expertise, exceptional service and comprehensive technology. With a customer-first mentality, IPC brings together one of the largest and most diverse global financial ecosystems spanning all asset classes and market participants. As the enabler of this ecosystem, IPC empowers the community to interact, transact and react to market changes and challenges, and we collaborate with our customers to help make them secure, productive, compliant and connected. Visit ipc.com and follow us on LinkedIn and Twitter (@IPC_Systems_Inc).

About BXS

Best Execution Solutions, LLC (“BXS”) is a privately owned company which focuses on providing Best Execution solutions, regulatory reporting, trading analytics, and surveillance software across multiple asset classes. BXS was founded in 2015 by industry veterans and is operated by a management team with extensive experience in the financial industry. BXS has developed a reliable set of cost effective products and services that provide Broker Dealers, Institutions, Market Centers with solutions that fulfill their Compliance reporting obligations such as SEC Rule 605, Rule 606, and Best Execution reviews, along with a comprehensive set of peer-to-peer comparison and transaction cost analysis tools that provide a competitive edge and enhance profitability.

Certain statements contained in this press release may be forward-looking statements. These statements may be identified by the use of forward-looking terminology such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “potential,” “predict,” “should” or “will” or similar terminology. Any forward-looking statements are based on current expectations, assumptions, estimates and projections. Such forward looking statements involve known and unknown risks and uncertainties, many of which are beyond our control. Actual results may differ materially from any future results expressed or implied by these forward-looking statements.