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Press Release -- March 22nd, 2011
Source: IPC Systems
Tags: Exchange, Low Latency

IPC Extends Optical Financial Network with Addition of Leading Independent Pan-Asian Trading Venue

Financial trading communications specialist to provide low latency, secure and reliable access to Chi-East

Jersey City, N.J and SINGAPORE – March 22, 2011– IPC Systems, Inc., a leading provider of trading communications solutions to the world’s top financial services firms and global enterprises, has extended its global financial network with connectivity to Chi-East, the independent pan-Asian trading venue. Chi-East has recently completed the roll out of its non-displayed trading platform for securities listed in Hong Kong, Japan and Singapore, and connectivity with IPC will open up Chi-East’s dynamic trading environment to IPC’s extended financial community consisting of some 2,400 trading floors and 4,000 on-net financial sites worldwide.

Launched in 2010, Chi-East matches trades for a wide range of securities listed in Hong Kong, Japan and Singapore, enabling market participants to trade SGX-listed shares, all Hong Kong Main Board listed shares, the component stocks of the TOPIX 100 and listed ETFs across the three markets. Chi-East is a joint venture between Chi-X Global Inc. and the Singapore Exchange, and is regulated as a Recognized Market Operator (RMO) by the Monetary Authority of Singapore.

According to Ned Phillips, chief executive officer, Chi-East, “As Asia’s first independent liquidity aggregator, we’re leading the way in introducing innovative trading platforms to the region, and being part of IPC’s global financial network will help in broadening global access to our deep liquidity opportunities. We’re clearly committed to providing our broking and high frequency clients with optimum levels of performance via our state-of-the-art trading platform, and IPC’s impressive levels of security, reliability and low latency operation ideally complement this.”

“Over the last year IPC has invested significantly across the Asia-Pacific region, completing our Pan-Asian optical network, opening regional offices, and adding key destinations to the network, all offering our global customer base with direct low latency access to new and emerging liquidity venues across the region. Chi-East introduces real choice into the Asian trading environment, and we look forward to helping our customers take advantage of healthy market fragmentation and reduced trade latency in the global capital markets.” said David Dodd, senior vice president and managing director, IPC Systems.

IPC’s global financial network connects the world’s major financial centers, linking 200 cities in 77 countries across six continents, and 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 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 70 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

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