London, U.K - October 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 continued the rapid expansion of its global financial network by extending its high performance Voice and Electronic Connectivity Services (ECS) direct to Moscow and across Russia.
IPC, in conjunction with its strategic local partners Statel and Cable&Wireless Worldwide, has built a robust state-of-the-art network platform to provide its suite of trader voice and electronic connectivity services to Russian trading firms. This initiative has been driven by the continued growth in trading and increasing market data demands from firms in Moscow.
“As a network provider of mission critical communications, C&W Worldwide is committed to supporting IPC and its financial sector customers in Russia with our world-class low latency network solutions which are tailored to serve the needs of financial services customers,” says Darren Webb, Director, Enterprise - Global Markets, C&W Worldwide.
The upgrade will allow Russian trading firms to gain direct access to IPC’s global financial community, which encompasses more than 4,000 market participants, and connects to more than 50 liquidity venues worldwide.
“Along with Turkey, the UAE and South Africa, Russia represents one of the fastest emerging and highest performing markets in EMEA,” said Richard Petrie, VP of Network Operations EMEA for IPC. “We’ve been planning this upgrade into Moscow for some time due to requests from many of our global customers for a faster route. We’ve secured the right partners in the region for in-country support and optimum service reliability - Statel and C&W Worldwide fit this bill perfectly.”
IPC’s global network interconnects the world’s major financial centers across 700 cities in 60 countries with secure, low-latency connectivity in support of all aspects of the trade lifecycle. The investment in more direct paths to key exchanges over the last six months has been a key driver behind IPC’s mission to extend network route capacity. This forms part of IPC’s long-term strategic plan to deliver the optimum trading network to connect buy-side firms, sell-side firms, market data providers, interdealer brokers and liquidity venues globally.
IPC Systems offers high and low touch trading communications solutions to the global financial trading community including the top investment banks, hedge funds and investment managers in established and emerging markets. With 100% focus on this sector and nearly 40 years of expertise and an unrivaled record of innovation, IPC provides customers with unified solutions that support collaborative voice trading and real-time electronic trading and market data connectivity. IPC’s market-leading offerings include the first unified communications/application platform, award-winning hard and soft turrets, electronic connectivity services including enhanced voice services, business continuity solutions, and follow-the-sun service and support. IPC’s global reach extends to more than 60 countries – including a Financial Extranet of 4,000 on-net locations in over 700 cities and more than 115,000 turrets deployed worldwide. Headquartered in Jersey City, New Jersey, IPC has approximately 1,000 employees located throughout the Americas and the EMEA and Asia-Pacific regions. For more information, visit www.ipc.com.
About Cable&Wireless Worldwide
Cable&Wireless Worldwide (LSE: CW.) is a leading global telecoms company providing a wide range of high-quality managed voice, data, hosting and IP-based services and applications to large multinational companies, governments, carrier customers and resellers across the UK, Asia Pacific, India, Middle East & Africa, Continental Europe and North America. Established in the 1860s, Cable&Wireless Worldwide helps more than 6,000 organizations deliver their goals. The Group’s vision is to be the first choice for mission critical communications.
Reaching 20,500km in length, Cable&Wireless Worldwide owns the UK’s largest fibre network dedicated to business users of telecoms, and provides ubiquitous nationwide access through a combination of fibre, digital, microwave, radio and leased circuits. The network has presence in over 400 towns and cities in the UK, with 864 unbundled exchanges covering 56% of the population.
Internationally, Cable&Wireless Worldwide’s global next-generation network (NGN) stretches to more than 425,000km, including interests in 60 global cable systems, enabling connectivity to more than 150 countries. The Group’s IP-based Multi-Service Platform operates at the core of our NGN, offering a single environment on which voice and data applications can be converged to drive business efficiencies. Cable&Wireless Worldwide’s network is uniquely designed with inbuilt resilience.
With more than 6,000 colleagues globally, Cable&Wireless Worldwide is committed to delivering exceptional customer service and developing long term partnerships with its customers. To find out more, please visit www.cw.com