With 4,000 market participants, connectivity to IPC’s on-net financial community has grown fourfold since 2007, affirms the financial services sector’s growing requirement for secure, dedicated global network services connectivity
Jersey City, N.J – March 18, 2010 – IPC Systems, Inc., a leading provider of indispensible trading communications solutions to the world’s top financial services firms and global enterprises, has announced that it now has 4,000 on-net market participants connected to its global financial community. This marks a significant growth in the company’s Network Services community from 1,000 on-net sites in 2007, and reflects the financial services sector’s growing requirement for secure, low-latency dedicated connectivity services.
IPC’s financial network links 200 cities in 60 countries across six continents, connecting thousands of financial market trading participants into a single community linked by the company’s secure private network. IPC has operated a dedicated financial extranet for more than 15 years, initially focusing on the voice trading connectivity infrastructure. Over that time IPC has become the voice trading connectivity market share leader (source: Kimsey Consulting) and has grown its Enhanced Voice Services revenue 75 percent over a one year period. In addition, IPC’s Electronic Connectivity Services (ECS) offering has grown revenue 88 percent with significant expansion of liquidity and execution access for an increasingly broad range of asset classes and venues, making the company a logical choice when participants are looking for new or alternative connectivity across new geographies or the latest financial instruments.
“Because we’ve been 100 percent focused on financial markets, we’ve been able to engineer our Electronic Connectivity Services from the ground up to support the electronic trading applications increasingly relied upon by today’s market participants,” commented Dave Brown, senior vice president, Global Network Operations, IPC Systems. “Thanks to our major investment program to expand and upgrade our global network over the past three years - we’ve been able to not only double our route miles and significantly increase our geographic reach, but also to continually upgrade our built-for-purpose network infrastructure to ensure scalable high-performance connectivity with no contention or queuing. It’s this combination of low-latency performance and market-leading security and reliability that has helped us to expand significantly over the last three years, and will provide a platform for continued growth.”
As part the expansion of IPC’s ECS operations, the company has invested significantly to ensure that the IPC network reaches virtually every trading destination globally, including alternative venues and those in expanding markets such as the Middle East, South Africa, South America , and the Asia-Pacific region. IPC has also worked to increase connectivity support for its customers, with intra and inter-firm trading infrastructures, links to a wider range of venues such as exchanges, ECNs, dark pools and alternative liquidity venues such as multilateral trading facilities (MTF), and further support for e-trading.
IPC’s ECS platform is built on a global networking infrastructure focused exclusively on providing financial institutions with connectivity for all aspects of their trade lifecycle. Specifically engineered for electronic trading applications, the IPC network allows organizations to benefit from secure, dedicated bandwidth, take advantage of scalable and flexible connectivity capabilities, and support their evolving electronic trading requirements.
IPC is a leading provider of indispensable financial trading communications solutions to the world’s top financial services firms and global enterprises. With 35 years of expertise and innovation, IPC provides its customers with global systems and solutions, as well as a suite of products and enhanced services that includes advanced Voice-over-IP technology and integrated network and 24x7x365 management services in more than 60 countries. Based in Jersey City, N.J., IPC has approximately 900 employees throughout the Americas, Europe and Asia-Pacific regions. For more information, visit www.ipc.com.
Statements made in this news release that state IPC’s or its management’s intentions, beliefs, expectations, or predictions for the future constitute “forward looking statements” as defined by federal securities laws, which involve significant risks and uncertainties.
Many risks and uncertainties are inherent in the telecommunications equipment industry. Others are more specific to our operations.
The occurrence of the events described and the achievement of the expected results depend on many factors, some or all of which are not predictable or within our control. Actual results may differ materially from results discussed in these forward looking statements. Among the
factors that could cause actual results, performance or achievement to differ materially from those described or implied in the forward-looking statements, are risks associated with substantial indebtedness, leverage and debt service, risks relating to the performance of our business and future operating results, risks of competition in our existing and future markets, loss or retirement of key executives, risks related to the notes and to high yield securities generally, general business and economic conditions, market acceptance issues, including potential technology changes and the risks inherent in new product and service introductions and the entry into new geographic markets, as well as those risk factors described in our filings with the SEC. (c)2009 IPC Systems, Inc. All Rights Reserved. IPC, TradeCARE and MAXaccess 1000 are registered trademarks and Alliance Express, IQMX, IQ/MAX, Nexus Suite, Tradenet MX and Tradenet are trademarks of IPC. All other trademarks are the property of their respective owners.
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IPC Systems, Inc.
Ruder Finn for IPC