Global financial markets technology and service provider, IPC Systems, Inc., today announced its collaboration with Algomi, the network company providing information-matching solutions for the optimization of fixed income liquidity. The partnership will focus on the delivery of Algomi’s DealCall, an application which leverages IPC’s Financial Markets Cloud.
The DealCall application will be integrated into both Algomi’s Honeycomb platform and IPC’s community of financial market participants, enabling Honeycomb users to swiftly and securely connect to their dealers.
The collaboration will allow for seamless communication for buy-side users of the Honeycomb application. Users will be able to access on-demand connectivity to their sales coverage teams at their chosen banks in just one click. DealCall brings together the IPC community of over 6,000 diverse market participants and Algomi’s applications, creating a rich, secure and market-enhancing customer experience.
Commenting on the partnership with Algomi, Neil Barua, CEO of IPC, said: “The successful implementation of DealCall on the IPC Financial Markets Cloud means Honeycomb network participants can work with their counterparts on large sensitive trades in an efficient and secure manner”.
How to Trade In a Volatile MarketGo to article >>
Stu Taylor, CEO of Algomi, also commented on the benefits of the collaboration: “Both Algomi and IPC share a common goal of empowering market participants to source liquidity, generate alpha and mitigate risk in the fixed income markets.”
DealCall introduces an enhanced level of productivity and efficiency as Honeycomb network participants will have an integrated experience and be able to immediately communicate with counterparties. The users of the Honeycomb can now access bond information and dynamically communicate using instant messaging and instant voice communications.
The announcement of its partnership with Algomi follows the acquisition of Etrali Trading Solutions earlier this year, and yesterday’s launch of its new brand identity reflecting its enhanced focus on customer solutions in the areas of compliance and regulatory adherence, the financial markets community, and communications.