IPC, a leading global provider of secure, compliant communications and networking solutions for the financial markets community, today announced the launch of a new managed service in collaboration with Japan Exchange Group, Inc. (JPX) which will provide a one-stop-shop to for international connectivity between JPX and the financial markets in Chicago.
The launch of this new simplified service coincides with the launch of the Japanese Yen denominated Tokyo stock price index (TOPIX) futures on the CME. JPX-Chicago Co-Location Direct will provide a low-latency and efficient interconnection between Asian and US markets.
"This is an exciting advance in our partnership with JPX," said David Dodd, Senior Vice President and Managing Director, Asia‐Pacific, IPC. "It offers our clients simpler and faster connectivity, as a one-stop-shop, clients will benefit from lower costs and a more reliable service.
Mr. Ryusuke Yokoyama, Senior Executive Officer at TSE said, "We are happy that IPC will provide our new services called 'JPX-Chicago Co-Location Direct' as a Partner Carrier and expect that the global investors, especially latency-sensitive users in Chicago, will be able to enjoy the efficient connectivity. We look forward to working with IPC as a trusted partner and also striving for the further development of the financial markets in both of Japan and U.S. more broadly."