Source: IPC Information Systems
IPC Information Systems, a leading provider of mission-critical trading floor communication solutions to financial services institutions, opened its first office in Mainland China today, in Shanghai.
The office, led by financial markets veteran Helena Hu, formerly of Reuters, is IPC's seventh office in Asia Pacific and twenty-fourth office worldwide.
The office opening marks a period of business growth by IPC in China. Many of IPC's global customers have established full trading operations in China and the company has recently installed trading floors in several domestic Chinese and global banks on the Mainland.
"IPC is investing in Shanghai so that we can directly support the needs of financial institutions in this rapidly growing market," said Mr. Stephen Phillips, Managing Director for IPC Asia Pacific.
"Financial services organizations in China are seeking to quickly take advantage of IPC's trading technology and the skills of our support staff, drawn from over 32 years of experience in the world's major financial services centers. We believe the best way to do this is to provide a direct presence in Shanghai, complemented by our local business partner DCS, and in time, expand into other major cities in China," he said.