IPC, a leading provider of mission-critical communications solutions to global enterprises announced today that it has designed a fully managed IP Data Network, including hosted servers and internet access, for Mercari, Australia's first specialist electronic Interbank OTC Interest Rate derivative brokering company.
IPC's extensive on-net locations within the financial community give traders instant connections to their trading counterparties. IPC's community of interest includes over 3,000 locations in more than 38 countries across 6 continents.
With the network infrastructure in place, Mercari is able to provide its customers with a compliant, efficient and transparent platform - Mercari Direct - for trade execution. Mercari Direct enhances the traditional market execution experience by providing a dealer interactive, screen based trading platform for its derivative banking clients. IPC now helps dealers on Mercari Direct to deliver increased profits through quicker and lower search and brokerage costs.
IPC's implementation offers Mercari a redundancy and continuity plan that includes IPC hosting back-up servers in a hosted collocation centers. Mercari and its clients now benefit from IPC's robust, secure and resilient network
Steve Tomlin, Director and CEO, Mercari Interbank Brokers said, "Our mission is to deliver our clients the most efficient, reliable and cost effective trading platform technology will allow. We believe IPC to be the perfect partner for us to achieve this. IPC is known to be the leader of trading floor communications and is a true pioneer of technology in financial services."
"We are very honored to be the chosen communications provider to Mercari, and we are confident being the single source of all Mercari trading connectivity requirements", said Larry Ng, Vice President, IPC Network Services Asia Pacific. The rebuild will increase Mercari's speed, redundancy, and capacity to exceed potential demands."