Telecom Ramblings

PR Archives:  LatestBy Company By Date


Press Release -- January 25th, 2011
Source: IPC Systems
Tags: Exchange, Expansion, Low Latency

IPC Maintains Asia Pacific Growth Momentum with Addition of Bursa Malaysia Berhad to its Global Financial Network

Jersey City, N.J and Kuala Lumpur, Malaysia - January 25, 2011 – IPC Systems, Inc., a leading provider of trading communications solutions to the world‟s top financial services firms and global enterprises, has continued the rapid expansion of its global financial network with the announcement of connectivity to Bursa Malaysia Berhad – operators of Bursa Malaysia -- one of the Asia Pacific region‟s emerging exchanges. Bursa Malaysia, formerly the Kuala Lumpur Stock Exchange, operates a fully integrated exchange, offering a complete range of services including trading, clearing, settlement and depository services.

With just under 1,000 listed companies across its Malaysia Securities Berhad Main and ACE Markets, Bursa Malaysia provides an increasingly attractive exchange venue for the international investment community. Users of IPC‟s global community of over 4,000 on-net market participants will now benefit from secure, high-speed access to Bursa Malaysia‟s wide range of products and services, such as its new FTSE Bursa Malaysia KLCI benchmark index for the securities market, as well as innovations including „Bursa Suq Al-Sila‟, the world's first Shari'ah-compliant commodity trading platform.

“At Bursa Malaysia we‟re committed to developing international recognition for our markets, and Malaysia has recently been added to FTSE‟s Watch List for our Advanced Emerging Status. We‟re delighted that IPC, one of the leading global financial network service providers, has now extended its footprint to Kuala Lumpur, and we look forward to welcoming both IPC members and other international investors to Bursa Malaysia,” commented Dato‟ Yusli Mohamed Yusoff, Bursa Malaysia Berhad‟s Chief Executive Officer.

“Connecting directly to Bursa Malaysia will provide our IPC Electronic Connectivity Services customers with a reliable, low latency link to one of the Asia Pacific region‟s most dynamic markets,” added Mark Curran, vice president, APAC Network Operations for IPC Systems. “At IPC we‟re focused on supporting the high performance needs of the global investment community, and we‟ve been building out our pan-Asian financial optical network to reflect the demand for access to key destinations to venues such as Bursa Malaysia as it capitalizes on its recent market developments.”

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, the IPC portfolio of Electronic Connectivity Solutions provides secure, dedicated bandwidth and scalable, flexible connectivity capabilities to support their evolving electronic trading requirements.

IPC supports its expanding activities across Asia Pacific markets through its network of 12 regional offices that provide a comprehensive mix of sales, implementation, integration and support services for its trading floor communications solutions and enhanced services.

About Bursa Malaysia Berhad
Bursa Malaysia is an approved exchange holding company and part of the Bursa Malaysia Berhad Group of companies that includes a stock exchange, a derivatives exchange, an off-shore international financial exchange, equity and derivatives clearing houses, a central depository, an information services provider and an Information Technology services provider. Bursa Malaysia Derivatives Berhad (BMD) is a wholly-owned subsidiary of Bursa Malaysia Berhad which provides, operates and maintains a futures and options exchange. BMD operates a successful crude palm oil futures (FCPO), and in 2009 entered into a partnership with the Chicago Mercantile Exchange (CME) with the view to improve accessibility to its derivatives offerings globally. For more information about Bursa Malaysia, please visit www.bursamalaysia..com

About IPC
IPC is a leading provider of financial trading communications solutions to the world‟s leading 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

Avani Modi
IPC Systems, Inc.
+1 201-253-2083
avani.modi@ipc.com

Matt Pennacchio
Ruder Finn for IPC
+1 212-715-1613
pennacchiom@ruderfinn.com

Delyana Nordin
Manager, Public Relations
Bursa Malaysia
+603 2034-7161
delyana@bursamalaysia.com

PR Archives: Latest, By Company, By Date