Bank of Beijing Outfits Trading Floor with IPC's IQ/MAX Powerful Desktop Tool

19 August 2008

IPC Systems, Inc., a leading provider of indispensable communications solutions to financial services firms, today announced that Bank of Beijing has chosen the IQ/MAX, IPC’s state-of-the-art, Voice over IP-enabled, high-performance desktop tool for its trading floor. 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 and more than 75,000 of those using VoIP technology.

Bank of Beijing evaluated numerous vendors in order to select a platform that would best meet the requirements for connectivity, security and dependability for its 25-position floor. Having formerly relied on PBX phones, the Bank’s main focus was on transitioning to VoIP technology in order to support a technologically modern trading floor over the long-term. The IQ/MAX turret provides the Bank’s traders with several powerful features including call logs, caller ID, updateable displays and an assortment of customizable options that competitors could not offer. The IPC solution allowed the Bank to install top-of-the-line technology that not only would serve its immediate demands, but also have the capacity to grow as the Bank’s business expands. The transition to the recently installed floor went smoothly, with the full rollout taking less than one month to complete.

“The Bank of Beijing prides itself in using technology in innovative ways to enhance our business, and we believe that IQ/MAX offers a competitive advantage,” said a spokesperson for the Bank of Beijing. “We are confident that IPC’s global presence and industry expertise will help us stay on the leading edge of technology so that we can offer our clients the best trading services available in the marketplace.”

“We are honored that the Bank of Beijing has selected us to be their trading floor partner,” said David Dodd, managing director of IPC’s Asia-Pacific region. “We are committed to providing top-notch service and, with our direct operations in Shanghai and Beijing supplying local expertise, we hope to develop this into a long and fruitful relationship with the Bank of Beijing.”

The deal with Bank of Beijing is further evidence of IPC’s continued commitment to Asia-Pacific. IPC has a total of 10 offices in the Asia Pacific region and now serves more than 500 major clients in 15 cities throughout Asia, including Barclays Capital, Deutsche Bank, JPMorgan Chase and Citigroup.

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