Source: IPC
IPC, the leading provider of mission-critical communication solutions to global enterprises, announced today that RZB (Raiffeisen Zentralbank Österreich AG), one of the largest commercial and investment banks in Central and Eastern Europe, has successfully equipped its Vienna trading floor with 160 state-of-the art IQ/MAX desktops.
The upgrade also includes a networked remote BCP site for 32 traders. IPC serves financial services institutions in more than 40 countries, with more than 105,000 traders around the world relying on an IPC desktop everyday.
RZB is the Raiffeisen Banking Group's central institution, providing central services with high requirements for connectivity, security, business continuity and dependability in its trading environment. RZB has selected IPC to change its Siemens TDM based trading floor infrastructure to an IP based Alliance switch with IQ/MAX turrets for its RZB Investment Management organization. This organization offers domestic and international corporate clients tailor-made solutions like capital and money market, treasury and investment funds. An essential part of RZB´s investment banking is focused on financing concepts such as equity and bond issues, hedging and investment analysis. IQ/MAX gives RZB's traders a competitive edge with several new features, such as call history, caller ID, contact sensitive displays, and an array of customizable options designed to meet the specific needs of the firm and of the individual trader.
IQ/MAX is the first trader desktop that was developed based on primary research conducted by IPC with more than 300 actual traders. IQ/MAX debuted in New York in March 2006 and in other cities around the world throughout the year.
Christian Schreier, Project Manager, Raiffeisen Zentralbank Vienna says, "What first attracted us to IPC is a steady track record of success and their clear role as a leader in providing the most forward-looking solutions and services in the marketplace. RZB´s business demands a trading environment outfitted with the best in technology, redundancy and security, and IPC delivers just that."
Lance Boxer, CEO of IPC says, "With more power, speed, clarity and control, MAX puts the trader behind the wheel. The beauty and advantage of MAX is that it works like a partner and functions to perfection, allowing traders to focus on rapid fire changes in the market. We are thrilled to bring this level of technology to RZB and to broaden IPC's global presence with another top-notch trading floor."