IPC Systems, Inc., a provider of specialised communications and managed network-as-a-service solutions for the financial trading community, announced today that it has added REDI Global Technologies to the IPC Financial Markets Network (FMN), in a move aimed at expanding its diverse financial marketplace.
We are delighted to collaborate with REDI to provide cutting-edge solutions to our diverse community of market participants.
Finance Magnates recently reported on IPC in June when it launched its Connexus Cloud service, helping to integrate IPC’s global clientele with up to 6,000 market participant locations. Today’s announcement means that IPC’s ecosystem of buy-side and sell-side firms will now also be able to reliably and securely access REDI’s trade management platform, supporting the entire trade lifecycle.
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David Brown, Senior Vice President and Managing Director, Financial Markets Network, IPC, said: “Institutional investors, asset managers, hedge funds and brokers continue to demand secure and compliant connectivity solutions to access counterparties, trade lifecycle services and market data. We are delighted to collaborate with REDI to provide cutting-edge solutions to our diverse community of market participants and empower them to generate alpha, source liquidity and mitigate risk.”
IPC’s Financial Markets Network interconnects global financial centres and allows access to more than 6,000 market participant locations in over than 60 countries. The IPC Financial Markets Network service portfolio includes the Connexus Financial Extranet, Direct Connect and MPLS WAN data services, as well as the Trader and Enhanced Voice connectivity services.
REDI, one of the industry’s first providers of trading technology, allows users to execute everything from simple single stock trades to complex strategies across markets and time zones and manage their risk throughout the trade lifecycle via its modular, end-to-end trade management platform.
Further commenting on the collaboration, Michael Sirchia, Head of Infrastructure at REDI, said: “In today’s environment investors and brokers require efficient and dependable access to their trading platforms. We are pleased to partner with IPC to expand the reach of our industry-leading trade management platform, which allows clients to trade any exchange-traded instrument in virtually any market, with any counterparty, globally.”