IPC, a leading global provider of secure, compliant communications and networking solutions for the financial markets community, and Spark Systems, a Singapore-based financial technology company providing innovative trading solutions for foreign exchange trading in Asia, announced today that Spark Systems has joined the IPC FX Hub.
Through IPC’s FX Hub, Spark Systems’ users will be able to access interconnectivity leader Equinix’s International Business Exchange™ (IBX®) Tokyo (TY3) and Singapore (SG1) data centres. Both of these data centres are connected to IPC’s vast community of financial market participants and provide low latency access via IPC’s high performance network to key FX liquidity providers and dealers.
Headquartered in the third largest foreign exchange centre, Spark Systems provides IPC customers access to a highly cost-effective foreign exchange trading platform to Singapore and the rest of Asia, offering faster execution for institutional traders. Through its underlying technology, Spark Systems is designed to address the ever-growing need to process data at a faster rate. However, great software still needs to be paired with great networks and connectivity. With IPC’s help, Spark Systems is designed to provide the best trading solution to its Singapore-based clients, connecting them to counterparties whose infrastructures are based outside of Singapore.
“Speed and stability are mission critical to our business,” said Spark Systems CEO Wong Joo Seng. “Our FX market participants need the most reliable platforms, which we can provide through our partnership with IPC which also aligns us with Equinix. Spark Systems will continue seeking out technology enablers such as IPC who are able to cater to the ultra-low latency requirements of our customers, given the extreme volatility that characterizes the FX markets.”
David Dodd, IPC Managing Director, Asia Pacific added: “We are delighted that Spark Systems has joined IPC’s diverse community of financial market participants. Connectivity and ecosystems have become increasingly vital to sourcing liquidity, mitigating risk and harvesting alpha in the FX markets.”
The IPC Financial Markets Network portfolio includes Connexus Extranet, Connexus Ethernet, Connexus WAN, Connexus Voice and Trader Voice 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.