IPC Launches Ethernet Connection Service (ECS), Providing an Electronic Trading Platform on Its Global Network
Posted on: Tuesday, 1 April 2008, 09:00 CDT
IPC Systems, Inc., the leading provider of indispensable communications solutions to financial services firms, today announced it has launched its Ethernet Connection Service (ECS) that enables customers to increase trader productivity and competitiveness with highly available, secure, low-latency Ethernet Private Lines ("E-Lines"). The launch of ECS extends the capabilities of IPC's resilient network and Global Solutions Operations Center to offer fully managed voice and data trading solutions. ECS extends IPC's growing trader community with the same fast-service provisioning between trading firms and markets that is associated with Trader Voice Services. Once connected to ECS, customers can take advantage of the inherent low latency and scalable design to support electronic trading requirements now and in the future.
IPC's Ethernet Connection Service is designed specifically for electronic trading while still adhering to industry standards. Trading firms can select from a wide range of scalable Ethernet private lines (1MB to 100MB). Bandwidth is dedicated across IPC's global network, ensuring secure and extremely low-latency connections. Point-to-point and point-to-multi-point Ethernet service offers firms a 24x7 managed solution to connect with exchanges, ECNs and the world's largest On-Net trading community. The ECS service greatly simplifies how inter-dealer brokers, market makers, exchanges and algorithmic trading firms get connected to the global capital markets and their primary trading partners. IPC is a member of the Metro Ethernet Forum (MEF), an organization that promotes standards and interoperability of Ethernet Services between service providers and technology vendors.
"IPC continues to develop innovative services that enable our customers to maintain a competitive edge as their communications demands evolve." says Marianne Leitch, SVP and General Manager of IPC Network Services. "Our customers rely on our global network for their Trader Voice requirements. It's natural that we advanced our service capabilities to support secure electronic trading, to extend our range of products, services and options to the trading community."
"The MEF welcomes IPC to its growing membership," says Kevin Vachon, the Chief Operating Officer of the MEF. "IPC's adoption of Ethernet to deliver real time electronic trading applications that support the global financial markets reinforces our mission to accelerate Ethernet adoption worldwide."
About IPC
IPC is a leading provider of indispensable communications solutions to global enterprises. With more than 30 years of expertise, IPC provides its systems and services to the world's largest financial services firms, as well as to public safety; government; power, energy and utility; and transportation organizations. IPC offers its customers a suite of products and enhanced services that includes advanced Voice over IP technology, and integrated network and management services to over 40 countries. Based in Jersey City, NJ, IPC has over 1,300 employees throughout the Americas, Europe and the Asia Pacific regions. For more information, visit www.ipc.com.
About Metro Ethernet Forum (MEF)
The MEF is a global industry alliance comprising more than 140 organizations including telecommunications service providers, cable MSOs, network equipment/software manufacturers, semiconductors vendors and testing organizations. The MEF's mission is to accelerate the worldwide adoption of Carrier-class Ethernet networks and services. The MEF develops Carrier Ethernet technical specifications and implementation agreements to promote interoperability and deployment of Carrier Ethernet worldwide. For more information about the Forum, including a complete listing of all current MEF members, please visit the MEF web site at www.MetroEthernetForum.org/
Statements made in this news release that state IPC's or its management's intentions, beliefs, expectations, or predictions for the future constitute "forward looking statements" as defined by federal securities laws, which involve significant risks and uncertainties. Many risks and uncertainties are inherent in the telecommunications equipment industry. Others are more specific to our operations. The occurrence of the events described and the achievement of the expected results depend on many factors, some or all of which are not predictable or within our control. Actual results may differ materially from results discussed in these forward looking statements. Among the factors that could cause actual results, performance or achievement to differ materially from those described or implied in the forward-looking statements, are risks associated with substantial indebtedness, leverage and debt service, risks relating to the performance of our business and future operating results, risks of competition in our existing and future markets, loss or retirement of key executives, risks related to the notes and to high yield securities generally, general business and economic conditions, market acceptance issues, including potential technology changes and the risks inherent in new product and service introductions and the entry into new geographic markets, as well as those risk factors described in our filings with the SEC.
©2008 IPC Systems, Inc. All Rights Reserved. IPC, IQMX, IQ/MAX and ICMX are trademarks of IPC. All other trademarks are the property of their respective owners.
Source: Business Wire
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