IPC Systems extends Connexus network with Chi-X Canada and CX2

Source: IPC Systems

As demand for connectivity increases across North America, firms are continually looking for a secure and reliable network for executing trades. Member firms on IPC Systems' Connexus Financial Extranet service will now provide access to trade on Chi-X Canada and its recently launch CX2, as IPC announced today that Chi-X is the newest market centre to join the Connexus network.

This new connection gives traders an extended reach into global capital markets around the world through Connexus' high-speed bandwidth and reliability through multiple connections to end-points. Traders will be able to access liquidity on both Chi-X Canada and CX2 through IPC's FIX order flow and Market Data products, giving traders more choice through its cost effect solutions.

"We are pleased that IPC traders will have access to both Chi-X Canada and CX2. This is an exciting time for Chi-X, as we set a new record in August capturing 21% market share for TSX-listed securities," said Dan Kessous, CEO of Chi-X Canada "Through Connexus, IPC traders will be able to take advantage of new trading opportunities and will be able to access new liquidity in the Canadian market."

"Connexus members can now trade on Chi-X Canada and CX2 via the secure network they are already familiar with," said Joe Pickel, vice president, Network Services Product Management, IPC. "The Chi-X integration into the Connexus network has expanded to IPC customers and they can now trade on Canada's largest ATS."

The Connexus Financial Extranet is part of the IPC Financial Markets Network service portfolio which also includes private extranet and DirectConnect data services, as well as Trader and Enhanced voice connectivity services. IPC's Financial Markets Network interconnects global financial centers and allows access to more than 4,000 market participant locations in over 700 cities in nearly 60 countries. Built on an IP/MPLS backbone, the highly scalable and secure Connexus supports a number of industry standard and trading protocols. 

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