IPC’s Connexus Cloud Earns Financial Services Cloud Award at the 2023 SBR Technology Excellence Awards
The cloud solution garners recognition for its expansive and secure trading communications network.
As global markets continue to expand, staying connected for effective communication within the financial trading supply chain has become even more important for efficient trade execution, order routing, and market data delivery. Recognising this opportunity, IPC Systems launched the Connexus Cloud ecosystem, a network connecting more than 7,000 capital market participants in 750 cities across 60 countries worldwide.
Entities such as buy-side firms, inter-dealer brokers, liquidity venues, energy firms, sell-side firms, trade lifecycle providers, and clearing and settlement firms have adopted the Connexus Cloud platform to access 550+ public clouds as well as private and hybrid clouds for reliable, high-performance, electronic and voice communications for financial markets participants.
This innovation earned IPC Systems the Cloud - Financial Services Award in this year’s SBR Technology Excellence Awards. The awards programme recognises the strides companies in Singapore have undertaken to provide ground-breaking products and services enhanced by digital capabilities.
“We are thrilled to see the Connexus Cloud ecosystem recognised for its ability to facilitate efficient and secure communications within the financial trading supply chain,” said Bruce Maslen, Vice President, Asia-Pacific Sales, IPC Systems. “As the industry landscape evolves, we remain committed to innovating and enhancing our offerings to meet the changing needs of financial organisations. Connexus Cloud exemplifies our dedication to providing a unified, high-performance solution that empowers market participants.”
Financial transactions remain private and secure thanks to Connexus’ robust extranet. The security protocols, size and composition of IPC’s global trading community render the Connexus Cloud an effective end-to-end buy-side solution.
IPC continues to enhance and expand the Connexus Cloud ecosystem with innovations that adapt to evolving market conditions and trader expectations and requirements. In April 2022, IPC launched Connexus ALPHA, a high-performance cloud-edge solution integrated into the Connexus Cloud platform. It enables hedge funds, funds of funds, proprietary trading firms, market makers, broker/dealers and other market participants to connect to key global liquidity venues via ultra-low latency optimised point-to-point optical fibre connections. Market participants leveraging Connexus ALPHA gain a valuable speed advantage in executing complex trading strategies whilst reducing the cost of trades.
IPC Systems has incorporated range and versatility into the Connexus Cloud solution, creating a multi-cloud, multi-product ecosystem that supports FIX messaging, multiple transaction standards, unicast/multicast market data, all voice trader circuit types and numerous other industry protocols. The breadth and versatility of the Connexus Cloud solution set it apart from other providers as a global hub linking the community of capital market participants.
In November 2022, IPC Connexus Cloud was awarded ‘Best Cloud Provider to the Buy Side’ in the 2022 Waters Technology Buy-side Awards. This award highlights IPC’s commitment to continuous development and delivery of cutting-edge solutions for the financial markets community.
IPC’s Connexus Cloud is a testament of the company’s dedication to meeting the evolving needs of financial organisations, providing a secure, efficient, and versatile ecosystem for capital market participants worldwide.
The SBR Technology Excellence Awards is presented by Singapore Business Review Magazine. To view the full list of winners, click here. If you want to join the 2024 awards programme and be acclaimed for your company's outstanding contributions in pursuit of technological innovation, please contact Jane Patiag at [email protected].