IPC's Financial Markets Network Connects To CME Group's Co-location Facility
JERSEY CITY, N.J., Nov. 14, 2012 /PRNewswire via COMTEX/ --
IPC Systems, Inc. (IPC), a leading provider of voice and electronic trading communications solutions to the world's top financial services firms and global enterprises, today announced that CME Group Inc. (CME Group) has added the IPC Financial Markets Network as an Approved Telecommunication Service Provider for CME Group's state-of-the-art data center in Aurora, Illinois. CME Group is the world's leading and most diverse derivatives marketplace.
IPC is providing access to CME Group's Co-location facility through its Direct Connect, a global service connecting financial market participants and engineered to ensure path diversity and maximum efficiency. Direct Connect provides capital market participants access to the CME Group data center through secure, flexible, transparent and native ethernet connectivity over an enhanced delivery platform.
The CME Group data center in Aurora, Illinois is more than 428,000 square feet and supports customer telecommunication requirements with multiple diverse entrances, redundant carrier rooms and flexibility in architecture.
"Chicago is one of the world's leading centers for trading derivatives, and we are seeing increased demand for proximity hosting and telecommunications services at key liquidity centers in the area," said William Rhode, Principal, Director of Fixed Income, TABB Group. "A connectivity provider with a global footprint and deep knowledge of the requirements of derivative traders can help facilitate the generation of alpha and the capture of liquidity at the best available prices."
"IPC is exclusively focused on the capital markets and is committed to providing industry leading, value-added communications solutions for traders," said Joe Pickel, vice president, Network Services Product Management, IPC. "Both the listed and over-the-counter derivatives trading environment are extremely demanding and a connectivity provider that offers global reach and superior customer service brings a significant competitive advantage for market participants."
Direct Connect is part of the IPC Financial Markets Network service portfolio which also includes the Connexus Financial Extranet Service, Trader Voice and Enhanced Voice Services. IPC's Financial Markets Network interconnects global financial centers and allows access to more than 4,000 market participant locations in over 700 cities in nearly 60 countries. Direct Connect supports a number of industry standard and trading protocols.
IPC offers high- and low-touch trading communications solutions to the global financial trading community including the top investment banks, hedge funds and investment managers in established and emerging markets. With a 100-percent focus on this sector and nearly 40 years of expertise and an unrivaled record of innovation, IPC provides customers with unified solutions that support collaborative voice trading and real-time electronic trading and market data connectivity. IPC's offerings include the first unified communications/application platform, award-winning hard and soft turrets, electronic connectivity services including enhanced voice services, business continuity solutions, and follow-the-sun service and support. IPC's global reach extends to nearly 60 countries - including a financial extranet of 4,000 on-net locations in over 700 cities and more than 115,000 turrets deployed worldwide. Headquartered in Jersey City, New Jersey, IPC has approximately 1,000 employees located throughout the Americas and the EMEA and Asia-Pacific regions. For more information, visit www.ipc.com.
Rob Thibault Matt Pennacchio
IPC Systems, Inc. Finn Partners for IPC
+1 201-253-2162 +1 212-715-1613
SOURCE IPC Systems, Inc.
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