Leading brokerage, trading and market data company deploys IPC system to provide expanded trading solutions for its customers in South America.
Jersey City, N.J., – August 23, 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 GFI Group has implemented IPC’s IQ/MAX trading solution. IQ/MAX helps expand GFI’s South American footprint by providing specialized trading communication applications for its brokers in Santiago, Chile.
As a leading international brokerage firm, with offices spanning across the globe, GFI recently won the 2010 e-FX Award for “Best Electronic Broker” granted by FX Week publication and the Profit and Loss magazine Digital Markets Award for “Best FX Options Trading Platform”. When it came to empowering their brokers with a robust trading communications system, GFI turned to one of the most trusted names in the business, IPC.
Known for its ability to provide maximum resiliency and reliability, the IQ/MAX turret supports redundant network connections to help increase productivity and provide unparalleled trading support. The system also allows traders to prioritize information in order of importance to enhance speed of transactions.
“After evaluating other competing solutions and experiencing the difference with IQ/MAX, we’re confident in our decision to partner with IPC,” said Nick Brown, managing director, GFI Group.
“IPC’s rapid deployment and seamless integration have allowed us to grow our presence, streamline our communication infrastructure and connect to trading counterparties across the region.”
IPC’s IQ/MAX offers GFI a host of features, including 24 speakers for simultaneous phone calls, and a bright, high resolution matrix, which allows users to prioritize and filter information. In addition to improving efficiency, its compact design helps conserve valuable desktop space.
“One of IPC’s core strengths is our ability to meet our customers’ specific trading floor needs,” said Michael Speranza, senior vice president, Global Product Management, IPC Systems. “GFI was faced with using speakers in a small, enclosed area with acoustic challenges, but IPC was able to create a dynamic floor to help maximize sound clarity and optimize GFI’s trading experience.”
IPC will be exhibiting at this week’s XLV CONVENCION BANCARIA 2010 event in Bogota, Colombia alongside with its local distributor teams from CGT CompuCom and Wittel.
About GFI Group Inc. www.gfigroup.com
GFI Group Inc. (NASDAQ: “GFIG”) is a leading provider of wholesale brokerage, electronic execution and trading support products for global financial markets. GFI Group Inc. provides brokerage services, market data, trading platform and analytics software products to institutional clients in markets for a range of fixed income, financial, equity and commodity instruments.
Headquartered in New York, GFI was founded in 1987 and employs more than 1,800 people with additional offices in London, Paris, Hong Kong, Seoul, Tokyo, Singapore, Sydney, Cape Town, Santiago, Dubai, Dublin, Tel Aviv, Calgary, Englewood (NJ) and Sugar Land (TX). GFI Group Inc. provides services and products to over 2,400 institutional clients, including leading investment and commercial banks, corporations, insurance companies and hedge funds. Its brands include GFISM, GFInet®, CreditMatch®, GFI ForexMatch®, EnergyMatch®, FENICS®, Starsupply®, Amerex®, Trayport®, and Kyte®.
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.
Media Contacts
Anu Ahluwalia，IPC Systems, Inc，+1 201-253-2073，anu.ahluwalia@ipc.com
Matt Pennacchio，Ruder Finn for IPC，+1 212-715-1613，pennacchiom@ruderfinn.com
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