IPC, a leading global provider of secure, compliant communications and networking solutions for the financial markets community, and FastMatch, a leading financial technology company focusing on foreign exchange trading, today announced that FastMatch has joined the IPC FX Hub.
IPC's FX Hub supports the global foreign exchange markets through Equinix's International Business Exchange™ (IBX®) data centers in New York (NY4), London (LD4), Tokyo (TY3) and Singapore (SG2) as well as other major FX centers such as Moscow, Chicago, Hong Kong, Frankfurt and Zurich; all with connectivity to IPC's vast community of financial market participants and low latency access via IPC's dark fiber rings to key FX liquidity providers and dealers. The announcement was made at the Profit & Loss Forex Network 2016 in Chicago, an annual gathering of FX market participants.
The collaboration between IPC and FastMatch enables market participants within the diverse IPC FX Hub to gain reliable and secure access to FastMatch's three independent matching engines as well as trade lifecycle services. Connectivity and ecosystems have become increasingly vital to sourcing liquidity, mitigating risk and harvesting alpha in the FX markets given the growth in participation of non-dealer financial institutions such as pension funds, hedge funds, asset managers, insurance companies, regional banks along with the increased use of execution algorithms and the lack of a central marketplace.
"Ease of customers' access to FastMatch is a key driver of the company's growth. Connectivity to IPC's FX Hub provides a significant additional global channel for customers to access the FastMatch platform," said Dmitri Galinov, CEO of FastMatch.
"The highly liquid global foreign exchange markets offer alpha generation and diversification opportunities as returns are typically uncorrelated with those of traditional financial assets," said David Brown, Senior Vice President and Managing Director, Financial Markets Network, IPC. "With more and more firms participating in the FX markets, reliable and secure managed network services and access to a diverse ecosystem of market participants continue to be critical. We are delighted to welcome FastMatch to the IPC FX Hub -- the world's leading FX marketplace."
The IPC Financial Markets Network service portfolio includes the Connexus Financial Extranet, Direct Connect and MPLS WAN 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 6,000 market participant locations across 700 cities in more than 60 countries.