Jersey City, N.J. and LONDON – November 2, 2010 – IPC Systems, Inc., a leading provider of trading communications solutions to the world’s top financial services firms and global enterprises, today announced that it has extended its worldwide financial markets network infrastructure with low-latency access to BATS Europe, the second-largest European Multilateral Trading Facility (MTF).
IPC customers will have access to BATS Europe’s sustained low-latency trading platform with the Gigabit Ethernet performance of IPC’s Electronic Connectivity Services and the reliability of the company’s dedicated global network.
BATS Europe, which offers trading in 15 European markets, has set monthly market share records in multiple indices for every month of 2010. In August 2010, BATS achieved its highest share of the overall European market with nearly 6.0 percent. BATS Europe offers an integrated book (for displayed orders and non-displayed large in scale orders), separate dark book and pan-European smart order routing (SOR) technology, which is the only service of its kind operated by an MTF that provides participants with access to multiple lit and dark market centers.
“We’re pleased that IPC is connecting to BATS Europe, and we welcome their market participants to the growing pool of liquidity available on our integrated and dark order books,” said Paul O’Donnell, Chief Operating Officer at BATS Europe. “At BATS Europe we’re committed to Making Markets Better for market participants with increased efficiency and lower costs, so we’re delighted when major global trading specialists such as IPC link to our venues and increase connectivity choice for our customers.”
“Extending connectivity to BATS Europe is part of IPC’s continued commitment to providing its customers with access to the world’s key financial trading destinations,” said Dave Brown, senior vice president, Global Network Operations, IPC. “As BATS Europe’s market share increases, we want to provide our customers with dedicated high-speed access to what is now one of Europe’s most significant venues. IPC is focused on providing its trading customers with guaranteed delivery, maximum throughput and the lowest latency available for carrier-class dedicated Ethernet services. IPC’s Electronic Connectivity Services (ECS) will provide customers with the low latency connectivity they need to trade on BATS Europe.”
IPC’s global financial network connects the world’s major financial centers, providing market participants with the secure, high-speed connectivity they require to support all aspects of the trade lifecycle. Specifically engineered for electronic trading applications, IPC’s portfolio of ECS provides secure, dedicated bandwidth and scalable, flexible connectivity capabilities to support their evolving electronic trading requirements.
BATS Global Markets (BATS) is an innovative global financial markets technology company headquartered in the Kansas City, Mo., area with additional offices in New York and London. The BATS platform was launched in January 2006 and, operating as BATS Exchange, Inc., is a premier destination among the top ranked equity markets in the United States. BATS serves the European market through its London based, FSA-authorised subsidiary, BATS Europe, which operates a Multilateral Trading Facility for European securities. Most recently, the company launched BATS Options, a US equity options market, and BYX, a second US equities exchange. BATS platform is internally developed by a dedicated core team of market and technology professionals, catering to the needs of the broker-dealer and trading community. BATS … Making Markets Better.
IPC is a leading provider of financial trading communications solutions to the world’s top financial services firms and global enterprises. With nearly 40 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 77 countries. Based in Jersey City, N.J., IPC has more than 900 employees throughout the Americas, Europe and Asia-Pacific regions. For more information, visit www.ipc.com
IPC Systems, Inc.
Ruder Finn for IPC
BATS Global Markets
+ 1 212 378 8522