Jersey City, N.J. and HONG KONG – March 14, 2011 – IPC Systems, Inc., a leading provider of trading communications solutions to the world’s top financial services firms and global enterprises, has further extended its pan-Asian financial optical network with connectivity to Hong Kong Exchanges and Clearing Limited (HKEx). HKEx is the holding company for The Stock Exchange of Hong Kong Limited, Hong Kong Futures Exchange Limited and Hong Kong Securities Clearing Company Limited. Users of IPC’s Electronic Connectivity Services will now benefit from secure, high-speed access to a broad range of HKEx products and services including equity securities, ETFs and other market-making securities, as well as, key derivatives products such as Hang Seng Index futures and options.
As the world’s largest listed exchange by market capitalization, HKEx is one of the Asia Pacific region’s key financial venues, and an increasingly important global player with an established multi-currency market infrastructure. HKEx is positioning for further growth as it prepares for the listing and trading of renminbi (RMB)-denominated transactions as the internationalization of the Chinese currency gains traction. IPC’s global network infrastructure is focused on supporting financial institutions’ evolving connectivity requirements, and adding HKEx to the network will provide IPC’s global community of over 4,000 on-net market participants with a direct low-latency connection.
“At HKEx our mission is to create and operate active international public financial markets in Hong Kong, invest in our IT infrastructure and third party connectivity is an important part of our strategy to enhance our global competitiveness,” commented Charles Li, Hong Kong Exchanges and Clearing Limited’s Chief Executive. “2010 has proved a record year for HKEx and extending our global connectivity by working with major trading communications partners such as IPC will be crucial in bringing new trading partners to our venue, and positioning Hong Kong and HKEx as the ideal destination for international traders keen to take advantage of our connectivity within Asia.”
“Adding connectivity to HKEx will provide a valuable addition to IPC’s growing community of venues across the region,” added Mark Curran, vice president, APAC Network Operations for IPC Systems. “With its distinctive blend of securities and derivatives markets, plus its programs to support the internationalization of the Chinese currency, HKEx is well-placed to become a key destination for international investors.”
The announcement is part of IPC’s continued network connectivity expansion program across the Asia Pacific region. To support its Asia Pacific operations, IPC now has 12 offices across the region, providing sales, implementation, integration and support services for its trading floor communications solutions and enhanced services.
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.
About Hong Kong Exchanges and Clearing Limited
HKEx is the holding company of The Stock Exchange of Hong Kong Limited, Hong Kong Futures Exchange Limited and Hong Kong Securities Clearing Company Limited. HKEx brings together the market organizations that have transformed Hong Kong’s financial services industry from a domestically focused market to become a central market place in Asia attracting investment funds from all over the world. HKEx was listed in June 2000 following the integration of Hong Kong’s securities and derivatives markets, and is committed to creating and operating active international financial markets in Hong Kong. For more information about HKEx, please visit: www.hkex.com.hk/eng
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
Lauren Doran, IPC Systems, Inc., +1 201-253-2343, Lauren.Doran@ipc.com
Corporate Communications Department, Hong Kong Exchanges and Clearing Limited, Tel: + 852-2522-1122, firstname.lastname@example.org
Matt Pennacchio, Ruder Finn for IPC, +1 212-715-1613, email@example.com