IPC Systems, a leading provider of voice and electronic trading communications solutions to the world's top financial services firms and global enterprises, has continued the rapid expansion of its global financial network by extending its high performance Voice and Electronic Connectivity Services (ECS) direct to Moscow and across Russia.
IPC, in conjunction with its strategic local partners Statel and Cable&Wireless Worldwide, have built a robust state-of-the-art network platform to provide its suite of trader voice and electronic connectivity services to Russian trading firms. This initiative has been driven by the continued growth in trading and increasing market data demands from firms in Moscow in particular. The network upgrade will be supported by a new resilient point-of-presence (POP) in Moscow to provide enhanced availability of the new platform.
"As a network provider of mission critical communications, C&W Worldwide is committed to supporting IPC and its financial sector customers in Russia with our world-class low latency network solutions which are tailored to serve the needs of our financial services customers," says Darren Webb, Director, Enterprise - Global Markets, C&W Worldwide.
The upgrade allows Russian trading firms to gain direct access to IPC's global financial community, which encompasses more than 4,000 market participants, as well as connecting to more than 50liquidity venues worldwide.
"Along with Turkey, the UAE and South Africa, Russia represents one of the fastest emerging and highest performing markets in EMEA," said Richard Petrie, VP of Network Operations EMEA for IPC Systems. "We've been planning this upgrade into Moscow for some time now after requests from many of our global customers for a faster route. We've also worked hard to secure the right partners in the region to offer in-country support and optimum service reliability - Statel and C&W Worldwide fit this bill perfectly."
IPC's global network interconnects the world's major financial centres across 200 cities in 60 countries with secure, low-latency connectivity in support of all aspects of the trade lifecycle. The investment in more direct paths to key exchanges over the last six months has been a key driver behind IPC's mission to extend network route capacity. This forms part of IPC's long-term strategic plan to deliver the optimum trading network to connect buy-side firms, sell-side firms, market data providers, interdealer brokers and liquidity venues globally.