Leading international commodities, financial futures and options broker selects IPC’s Electronic Connectivity Services to facilitate access between London and Hong Kong
Jersey City, N.J., – April 12, 2010 – IPC Systems, Inc., a leading provider of indispensable trading communications solutions to the world’s top financial services firms and global enterprises, today announced that Sucden Financial Limited has selected IPC’s Electronic Connectivity Services (ECS) worldwide network to connect operations in London and Hong Kong. Sucden Financial is a major international commodities financial futures and options broker, with offices in London, Hong Kong, Moscow and the Netherlands.
As an international firm with global reach, Sucden Financial supports a range of different traders – including producers, fund managers, merchants, consumers and arbitrageurs – and operates its own in-house developed STAR Futures and Options trading platform to provide access to many of the world’s major exchanges, including the London Metal Exchange (LME). As part of its program of supporting its STAR trading platform as well as its FIX API, Sucden Financial chose IPC to establish direct connectivity between its London and Hong Kong trading operations to support improvements for its clients trading in the Asia region, subsequently doubling the capacity due to the growing increase in bandwidth requirements. In addition to the
London-Hong Kong connectivity service, IPC has also supplied Sucden Financial with a direct, high-performance connection from their London office at Plantation Place South to the London Metal Exchange in Leadenhall Street.
“As a user of IPC’s Trader Voice services we already had a good understanding of the reliability, resiliency and speed that IPC can provide globally. It made good sense to investigate IPC’s Electronic Connectivity Services capabilities,” commented Gavin Parker, director, Information Systems, Sucden Financial Limited. “We benchmarked IPC against other offerings, and found that IPC’s ability to deliver a low-latency service across its dedicated, non-shared Ethernet network could give us exactly the performance we needed at a very competitive rate. Indeed, since first going live with the London-Hong Kong link we have seen such an increased demand for the service that we have subsequently increased the bandwidth speed of the connection service.”
“Because we already supply high speed connectivity to more than 2,400 trading floors and exchanges across the globe, we are ideally suited to help firms such as Sucden Financial when they need to extend their trading networks and provide faster connectivity for their trading customers,” added Dave Brown, senior vice president, Global Network Operations, IPC Systems. “We are delighted that initial demand has prompted Sucden Financial to increase network speed between London and Hong Kong. As an existing IPC Trader Voice customer, we are delighted that Sucden Financial also recognized the benefits of our high quality, reliable and scalable connectivity solutions for electronic trading.”
IPC’s ECS provides a global connectivity infrastructure solution focused exclusively on providing financial institutions with connectivity for all aspects of their trade lifecycle. Engineered for electronic trading applications, the IPC network allows organizations such as Sucden Financial to benefit from secure, dedicated connectivity, take advantage of scalable and flexible connectivity capabilities, and support their evolving electronic trading requirements. IPC’s ECS worldwide network already supports 4,000 market participants.
About Sucden Financial Sucden Financial Limited, a leading ring dealing member of the London Metal Exchange, has been operating for more than 35 years as a leading Commodity and Financial Futures and Options broker with membership of many of the world’s major exchanges. Sucden Financial Limited’s parent company is Sucres et Denrées, a company incorporated in France, and part of the global Sucden Group. For more information, please visit www.sucdenfinancial.com.
About IPC
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.
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Media Contacts
Cliff Fox, IPC Systems, Inc., +1 201-253-2291, cliff.fox@ipc.com
Matt Pennacchio, Ruder Finn for IPC, +1 212-715-1613, pennacchiom@ruderfinn.com
Robert Cantle, Sucden Financial Limited, +44 (0)20 3207 5280, press@sucfin.com
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