IPC Systems, Inc., a provider of communications solutions to the global financial trading community, today announced that IEX Group has selected IPC's Financial Extranet service and Direct Connect data service for its connectivity needs.
Upon the effective date of its Form ATS filing with the Securities and Exchange Commission, IEX will be the first registered Alternative Trading System (ATS) that has been funded exclusively by a group of Mutual Funds, Hedge Funds, and Family Offices.
Connexus and Direct Connect will provide IEX with access to key financial market participants including sell-side firms, liquidity venues, market data providers, independent software vendors and data centers, as well as inter-office connectivity. In addition, the IPC Financial Markets Network offers IEX enhanced communications capabilities, improved customer service, increased productivity and reduced administrative expenses.
"By deploying IPC's Connexus managed infrastructure platform at our primary and back-up data centers, we gain access to a wide breath of financial market participants" said Ronan Ryan, Chief Strategy Officer, IEX Group. "We chose IPC because of our established relationship with them and their expertise in the space. Their level of support and service matches the world-class standards we're setting for a fairer, higher quality marketplace for all participants."
"IPC is committed to providing industry leading, value-added network solutions for the financial services community in a reliable and secure environment," said Joe Pickel, Vice President, Network Services Product Management, IPC. "Connexus and Direct Connect provide IEX Group with financial extranet and direct connectivity services that offer global reach and superior customer service along with fast and efficient access for their subscribers."
Connexus is part of the IPC Financial Markets Network service portfolio which also includes private extranet and Direct Connect 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 y 60 countries. Built on an IP/MPLS backbone, the highly scalable and secure Connexus supports a number of industry standard and trading protocols.