Leading provider of mission-critical trading communications solutions leverages Telx’s 111 8th Ave. New York and Clifton, NJ strategic locations to strengthen network resiliency
New York, NY – (June 23, 2010) – Telx, a leading interconnection and colocation provider in strategic North American markets, announced today that IPC, a leading provider of indispensable trading communications solutions to the world’s top financial services firms and global enterprises, has selected Telx’s services in two key locations. Telx’s carrier-neutral 111 8th Avenue, New York and 100 Delawanna Ave., Clifton, New Jersey locations provide strategic interconnection and colocation services for IPC.
IPC will leverage Telx’s industry-leading Financial Business Exchange (FBX), an ecosystem of financial exchanges, market data providers, order management vendors, independent software vendors and buy-side and sell side firms all colocated in secure, Telx-managed data centers and interconnection facilities. By tapping into FBX, IPC’s extranet of market participants are a single cross-connect away from connecting to direct, low-latency financial exchanges within hours instead of weeks, expanding their reach and access to liquidity venues in the key financial services connectivity hubs of New York City and New Jersey.
IPC’s private and secure global network already connects over 4,000 market participants, trading firms and venues enabling traders to connect to counterparties. IPC’s financial extranet, comprised of global trading firms, vendors and venues links 200 cities in 60 countries across six continents. The Telx FBX ecosystem provides an excellent complement, with its carrier-neutral approach in these strategic locations, maximizing the global reach of the IPC trading community to provide financial institutions with connectivity for all aspects of their trade lifecycle.
“Telx has become a key New York and New Jersey colocation and interconnection provider based on the strength of its financial services and connectivity provider ecosystems at these strategic locations,” said Jeffrey Britell, director, Network Planning, IPC Systems. “Telx’s unique formula for building this ecosystem makes the entire data center community in each location exponentially more valuable. In the financial services industry, low-latency and proximity are critically important and, through this partnership, we can rely on Telx to help us deliver both.”
“By colocating with Telx, IPC Systems extends the choice we can provide to our customers, with secure access to a growing number of services delivered via participants and providers in the FBX ecosystem,” said Brad Hokamp, Chief Marketing Officer of Telx. “We are proud to partner with IPC in helping them compete at a fast-moving, ‘capital markets’ pace, especially in an environment where latency can make or break a connectivity deal.”
About 111 8th Avenue
111 8th Avenue is one of the most important high-tech addresses in the world due to its strategic location atop one of the main fiber optic arteries in New York City, the Hudson Street Ninth Avenue fiber highway. Telx’s data center suites in this location are in high demand by telecommunications, enterprise and financial services companies in need of low-cost options, speed to market and latency critical proximity. Telx recently added more than 21,000 square feet of data center at this location to accommodate increased demand for services. The expanded space will be available to colocation customers in July. This location provides low-latency access to Telx’s Global Marketplace of application providers, media and content providers, cloud computing providers, Software-as-a-Service providers and numerous enterprises. Telx colocation centers provide a managed, network-neutral, secure environment for core interconnection networking elements for carriers, ISPs, content providers and enterprise business customers.
About Financial Business Exchange (FBX)
Telx’s FBX is an ecosystem of financial exchanges, market data providers, order management vendors, independent software vendors and buy-side and sell side firms all collocated in secure, Telx-managed data centers and interconnection facilities. FBX offers ultra low-latency connectivity, proximity hosting and direct market access to a growing list of the most important financial exchanges. Telx’s financial services colocation facilities, strategically located at 111 8th Avenue in New York City, 100 Delawanna Avenue in Clifton, N.J., 350 East Cermak Road in downtown Chicago, and 300 Blvd East in Weehawken NJ, provide customers an ideal environment to grow and manage their businesses by placing their networks in proximity to their key suppliers, partners, and customers, along with hundreds of leading telecom and data service providers.
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 http://www.ipc.com.
Telx is a leading provider of interconnection, colocation and business exchange services in strategic, high demand North American markets. With 15 premier facilities, Telx increases speed to market and reduces connectivity costs by providing direct connections to the industry’s highest performance networks and access to more than 800 leading telecommunications carriers, ISPs, content providers and enterprises. Telx is a privately held company headquartered in New York City with four facilities in the New York Metro area, two facilities in Chicago, two facilities in Dallas, three facilities in California, (Los Angeles, San Francisco, and Santa Clara) and facilities in Atlanta, Miami, Phoenix and Charlotte, N.C. For more information about Telx, visit www.telx.com.
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Telx Media contact:
BridgeView Marketing for Telx
IPC Media Contacts:
Cliff Fox & Matt Pennacchio
IPC Systems, Inc. Ruder Finn for IPC