IPC Systems, the leading provider of indispensable communications solutions to financial services firms, today announced that it has successfully installed the advanced VoIP IQ/MAX trading systems on the entire Shenzhen trading floor of the Shenzhen Development Bank.
IPC provides trading floor solutions and services to the world's largest financial services institutions in more than 40 countries, with more than 105,000 traders around the world relying on an IPC trading desktop every day. More than 72,000 of those use Voice over Internet Protocol (VoIP) technology.
Shenzhen Development Bank assessed several vendors in order to choose a solution that would meet the Bank's current demands, but would also be able to grow along with the Bank as it expanded its business. IPC helped Shenzhen Development Bank to design a platform that would allow the Bank to install top-of-the-line technologies that could also be integrated with its existing technology roadmap. The Bank wanted to give its dealing room a winning edge by installing the best technology infrastructure available, and IPC was able to fulfill that task with IQ/MAX. The VoIP-enabled IQ/MAX is the first trader desktop to be 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.
David Dodd, IPC Managing Director of Asia Pacific, said, "We are honored that Shenzhen Development Bank shares our vision of how the trading environment will develop in China and that the Bank has put its faith in IPC to keep it a leader in its field. I am sure that our direct operation in Shanghai and local expertise will serve the Bank well and will lead to a long and fruitful relationship."
The deal with Shenzhen Development Bank is further evidence of IPC's continued commitment to Asia Pacific. IPC has a total of 9 offices in the Asia Pacific region and now serves more than 500 major clients in 15 cities throughout Asia, including Barclays Capital, Deutsche Bank, JPMorgan Chase and Citigroup.