Jersey City, N.J. – October 19, 2010 – IPC Systems, Inc., a leading provider of trading communications solutions to the world’s top financial services firms and global enterprises, today announced the launch of a new sub-10 millisecond express trading route between New York, New Jersey and Toronto. This highly competitive, low latency route provides trading firms with dedicated and express access to multiple liquidity venues and exchanges.
The opening of the new IPC express route will link existing points-of-presence (POPs) between key trading locations across New York, New Jersey and Toronto. Market participants can now connect to their trading engines over IPC’s high performance, low latency route, an enhancement that is part of a long-term strategic plan to deliver the optimum trading network to connect brokerages, investment firms, money managers, market makers, market data providers and execution venues globally.
The launch of the express route is part of IPC’s continued commitment to the Toronto market, enabling customers to take advantage of the region’s multi-market structure of exchanges and alternative trading systems. It follows IPC’s recent upgrade of its US-Canada core network infrastructure to a fully restorable dense wavelength division multiplexing (DWDM) network. The upgraded infrastructure provides a direct gateway to the robust Toronto equities market.
“Trading in today’s marketplace requires express connectivity to allow customers to transact faster, across heavily traded hubs. By shaving critical milliseconds off the New York to Toronto route, customers in both regions can take advantage of direct market access to multiple trading venues,” said Lou Marchese, IPC Vice President of Network Operations Americas Systems. “IPC sees significant growth opportunities in the Canadian equities, derivatives and energy markets, and we are pleased to provide our customers with a clear competitive trading advantage.”
IPC continues to expand its high-speed, fully restorable optical network across North America with additional routes engineered to deliver latency-sensitive trading applications and transactions. This announcement follows the company’s recent launch of an express route between New York and Chicago as well as network expansions throughout the United States and Canada, resulting in a doubling of available route miles, reduction in latency and improved redundancy to maximize uptime for the trading community.
About IPC
IPC is a leading provider of indispensable financial trading communications solutions to the world’s top 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.
Media Contacts
Anu Ahluwalia
IPC Systems, Inc
+1 201-253-2073
anu.ahluwalia@ipc.com
Matt Pennacchio
Ruder Finn for IPC
+1 212-715-1613
pennacchiom@ruderfinn.com
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