IPC Systems, Inc., a leading global provider of specialized communications and managed network-as-a-service solutions for the financial trading community, today announced that it continues to grow its financial marketplace in the Asia-Pacific region with the addition of BSE to the IPC Financial Markets Network (FMN).
The announcement is part of IPC's continued global network expansion and empowers domestic and foreign investors to trade equities, fixed income, FX and derivatives in the Indian markets.
Established in 1875, BSE is Asia's first stock exchange and now India's fastest exchange with the speed of 6 microseconds. More than 5300 companies are listed on BSE making it the world's leading exchange in terms of listed members. The companies listed on BSE command a total market capitalization of USD 1.60 Trillion as of November 2015.
In order to satisfy the demand for market data connectivity to India, IPC has entered into an agreement with Tata Group, a global enterprise headquartered in India, and comprising over 100 operating companies. Under the terms of this agreement, IPC's FMN is able to provide capital market participants with the secure, reliable connectivity they need to access India's markets while meeting local regulatory requirements.
"The ability to successfully execute complex trades, source liquidity and managed risk is increasingly governed by having reliable connectivity throughout the trade lifecycle and access to ecosystems," said Ashishkumar Chauhan, MD & CEO, BSE. "We are delighted to partner with IPC to expand both our global reach and the communications choices of our diverse investor pool."
"India has embarked on an extended growth cycle and we are consequently seeing a dramatic increase in the need for connectivity to the country's capital markets from foreign institutional investors," said David Brown, Senior Vice President and Managing Director, Financial Markets Network, IPC. "We are confident that the addition of BSE to our financial marketplace will benefit the global institutional investor community seeking to generate superior risk-adjusted returns in the Indian capital markets. We are excited to welcome Asia's oldest stock exchange to the IPC Financial Markets Network."
The IPC Financial Markets Network service portfolio includes the Connexus Financial 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 approximately 5,000 market participant locations in over 700 cities in nearly 60 countries.