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Bank of New Zealand Chooses IPC to outfit its Trading Floor

IPC Systems, Inc., the leading provider of indispensable communications solutions to financial services firms, today announced that Bank of New Zealand has successfully upgraded all of their New Zealand trading floors with IPC IQMX Enterprise solutions. IPC’s comprehensive end-to-end IP solution replaces the Bank of New Zealand’s old existing BT TDM equipment and technology. IPC provides trading floor solutions and services to the world’s largest financial services institutions in more than 40 countries, with more than 105,000 traders around the world relying on an IPC trading desktop every day. More than 57,000 of those use Voice over Internet Protocol (VoIP) technology.

In addition to their IP enabled IQMX Enterprise turrets, IPC has deployed IP line networking, IP Recording, and Ease a management tool that allows traders to log on a turret anywhere and get all their lines and be recorded as if they where at their home desk. These solutions provide a cost effective, converged and streamlined means to meet their business requirements – running the Enterprise turrets over the Bank of New Zealand’s own networks allows them to seamlessly connect to their various regional centers.

“IPC’s dedication to IP technology and voice communications for the trading floor has yielded positive partnerships with many top tier banks, including Bank of New Zealand. We are committed and proud to be the one-stop advanced trading solution provider for Bank of New Zealand” said David Dodd, Managing Director, Asia Pacific, IPC.

The deal with Bank of New Zealand is further evidence of IPC’s continued commitment to Asia Pacific. In the last year alone, IPC opened 2 offices in the region and now serves more than 500 major clients in 15 cities throughout Asia, including Barclays Capital, Deutsche Bank, JPMorgan Chase and Citigroup.