Trading communications specialist IPC Systems has launched its financial extranet Connexus in London, allowing buy-side users to connect to trade services providers and nearly 50 liquidity venues globally via its cloud-based data network.
Connexus is designed to bring speed and cost advantages to buy- and sell-side firms, inter-dealer brokers, liquidity venues, clearing and settlement firms as well as application and market data providers. It is also intended to allow market participants to avoid costly infrastructure investments by increasing speed to market and allowing faster reaction to customer requests.
“The extranet brings together a community of capital market participants and application providers who provide services such as order routing, market data, foreign exchange, execution management systems,” said Ganesh Iyer, senior manager of product marketing, IPC. “Our extranet has an established community already on board, so the buy-side can instantly get access to a wide range of providers via a single connection.”
Connexus is part of the IPC Financial Markets Network service portfolio, which also includes private extranet and DirectConnect 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 4,000 market participant locations in over 700 cities in more than 58 countries.