JERSEY CITY, N.J. and SINGAPORE, Jan. 10, 2011 – IPC Systems, Inc., a leading provider of trading communications solutions to the world's top financial services firms and global enterprises, has further expanded its Asia-Pacific financial markets network infrastructure with reliable, high speed connectivity to the Singapore Exchange (SGX).
The announcement is part of IPC's major initiative to expand its global financial network infrastructure connectivity to key venues across the Asia-Pacific region, positioning its Electronic Connectivity Services (ECS) as the preferred platform for traders that require a secure, high-speed communications solution for Asia-Pacific and inter-regional trading activities. IPC supports approximately 4,000 financial market participants on its extranet, and connecting to the Singapore Exchange will provide IPC community members with access to one of the region's fastest-growing markets.
"Positioned as the Asian Gateway, SGX is the market of choice for international investors and companies wanting to participate in Asia's rapidly-growing economies – and for Asian companies and investors seeking international capital," commented Ms Tinku Gupta, Senior Vice-President and Head of Market Data & Access for Singapore Exchange. "We are delighted that IPC has extended connectivity to SGX, and we look forward to increased distribution reach of SGX data across IPC's network. With this, more market participants are able to take advantage of opportunity for direct trading on SGX."
"SGX is committed to delivering Asian growth with global reach, and acknowledges the importance of growing its membership and distribution capability. Direct connection to IPC's global financial network supports these activities, provides thousands of traders on IPC's ECS platform with direct access to SGX, and at the same time provides trading firms and exchange members in Singapore with a high-speed, secure and reliable route to markets around the world," added David Dodd, SVP, Managing Director Asia Pacific, IPC Systems. "We look forward to working closely with SGX, introducing our connectivity to the current SGX infrastructure, and also supporting their new trading platform."
IPC's global financial extranet connects the world's major financial centers, providing market participants with the secure, high-speed connectivity required to support all aspects of the trade lifecycle. Specifically engineered for electronic trading applications, the IPC portfolio of ECS solutions provides secure, dedicated bandwidth and scalable, flexible connectivity capabilities to support their evolving electronic trading requirements.
About Singapore Exchange (SGX)
Singapore Exchange (SGX) is among the world's largest exchanges and Asia's second largest listed exchange. As the Asian gateway, SGX is the market of choice for investors wanting to participate in Asia's vibrant and rapidly-growing economies, and for Asian issuers seeking international capital. SGX's extensive suite of securities, derivatives and commodities products makes it Asia's most international exchange. SGX's services range from listings, trading, high-speed market access, clearing and settlement to depository services and Central Counter Party services for OTC traded derivatives. With the region's longest trading hours, and powered by cutting edge technology, SGX is the unparalleled conduit for investment flows into and out of Asia.
For more information, please visit www.sgx.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 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.
SOURCE IPC Systems