Jersey City, NJ and Toronto, Canada – May 10, 2011 – IPC Systems, Inc., a leading provider of voice and electronic trading communications solutions to the world’s top financial services firms and global enterprises, has extended its global financial network with connectivity to Omega ATS, Canada’s fastest-growing alternative trading venue for exchange-listed equities and fixed income instruments. IPC now provides market participants on its network with direct access to Omega ATS while providing trading firms and exchange members in Canada with high-speed, secure and reliable routes to markets around the world.
“At Omega ATS we are committed to ensuring that the execution we offer to our clients is the fastest in the Canadian marketplace,” said Mike Bignell, President and Chief Compliance Officer at Omega ATS. “We’re convinced that our platform is one the lowest latency trading venues in Canada and we’re delighted that a global trading connectivity specialist like IPC is connecting its customers to our venue.”
“IPC sees significant growth opportunities in the Canadian markets and offers trading firms on the IPC ecosystem with connectivity to allow them capitalize on opportunities before competitors. We are excited to add Omega ATS to enable our customers to rapidly uncover liquidity and source opportunities for best execution,” added Jeffrey Britell, Vice President, Global Carrier and Exchange Relations at IPC.
IPC’s global network interconnects the world’s major financial centers and more than 4,000 financial market participants across 200 cities in more than 70 countries with secure, low-latency connectivity in support of all aspects of the trade lifecycle. IPC’s established community of market participants includes liquidity venues, buy-side firms, sell-side firms, inter-dealer brokers, market data providers and independent software vendors. Specifically engineered for electronic trading applications, ECS provides members of IPC’s trading ecosystem with high speed connectivity as well as managed data connectivity.
About Omega ATS
Omega ATS is an alternative trading system for Canadian exchange-listed equities and fixed income instruments. It provides a fast, price/time priority trading platform where dealers and their clients can trade at the CBBO (Canadian Best Bid and Offer) at extremely competitive rates. It has more than 70 subscriber firms including Canada's five largest dealers. The system is designed to maximize internal order processing speed – minimizing the time between when an order is received and an acknowledgement is sent. The company rewards liquidity providers with time priority over other marketplaces and is committed to keeping its marketplace fees as low as possible. For more information, please visit www.omegaats.com.
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 70countries. Based in Jersey City, NJ, IPC has more than 900 employees throughout the Americas, Europe and Asia-Pacific regions. For more information, visit www.ipc.com