Bermuda-based Global Crossing has merged its subsidiaries IXnet and IPC into a single group, Global Crossing Financial Markets, to deliver IP-based network services and solutions to the financial services industry.
Under the restructuring, IXnet's global extranet and IPC's voice and digital trading systems will be integrated with Global Crossing's optical fibre IP network.
Global Crossing acquired IXnet and IPC in June, 2000. With users in 44 financial centres worldwide, 1500 customer access nodes, and 100,000 trading system desktops in place, Global Crossing claims its new Financial Markets division will immediately have access to more than 2000 of the world's top financial firms.