The collaboration between IPC and FastMatch enables market participants within the diverse IPC FX Hub to gain reliable and secure access to FastMatch's three independent matching engines as well as trade lifecycle services. Connectivity and ecosystems have become increasingly vital to sourcing liquidity, mitigating risk and harvesting alpha in the FX markets given the growth in participation of non-dealer financial institutions such as pension funds, hedge funds, asset managers, insurance companies, regional banks along with the increased use of execution algorithms and the lack of a central marketplace.
"Ease of customers' access to FastMatch is a key driver of the company's growth. Connectivity to IPC's FX Hub provides a significant additional global channel for customers to access the FastMatch platform," said Dmitri Galinov, CEO of FastMatch.
"The highly liquid global foreign exchange markets offer alpha generation and diversification opportunities as returns are typically uncorrelated with those of traditional financial assets," said David Brown, Senior Vice President and Managing Director, Financial Markets Network, IPC. "With more and more firms participating in the FX markets, reliable and secure managed network services and access to a diverse ecosystem of market participants continue to be critical. We are delighted to welcome FastMatch to the IPC FX Hub -- the world's leading FX marketplace."
The IPC Financial Markets Network service portfolio includes the Connexus Financial Extranet, Direct Connect and MPLS WAN data services, as well as Trader and Enhanced Voice connectivity services. IPC's Financial Markets Network interconnects global financial centers and allows access to more than 6,000 market participant locations across 700 cities in more than 60 countries.
FastMatch is a financial technology company focusing on trading foreign exchange and precious metals. FastMatch develops and operates trading platforms concentrating on both the sell-side and buy-side market segments. FastMatch operates a highly successful sell-side Electronic Communication Network offering its customers access to large pools of diversified liquidity at unparalleled speed in the optimal location with complete transparency. The FastMatch ECN is based on its state-of-the-art technology. This market-tested technology gives FastMatch an incredible speed advantage and has the capability of handling thousands of clients simultaneously. Clients include retail brokers, asset managers, banks, hedge funds, and proprietary trading firms. www.fastmatch.com
IPC is a technology and service leader that powers financial markets globally. We help clients anticipate change and solve problems, setting the standard with industry expertise, exceptional service and comprehensive technology. With customers first and always, we collaborate with each to understand their individual needs to help make them secure, productive and compliant within our connected community. Through service excellence, long-developed expertise and a focus on innovation and community, we provide agile and efficient ways for our customers to accelerate their ability to adapt to the ever–changing requirements for advanced data networks, compliance and collaboration with all counter-parties across the financial markets. www.ipc.com
Certain statements contained in this press release may be forward-looking statements. These statements may be identified by the use of forward-looking terminology such as "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "might," "plan," "potential," "predict," "should" or "will" or similar terminology. Any forward-looking statements are based on current expectations, assumptions, estimates and projections. Such forward looking statements involve known and unknown risks and uncertainties, many of which are beyond our control. Actual results may differ materially from any future results expressed or implied by these forward-looking statements.
Logo - http://photos.prnewswire.com/prnh/20160407/352841LOGO
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/fastmatch-joins-ipcs-fx-hub-300335130.html
SOURCE IPC Systems, Inc.