IPC, in conjunction with its strategic local partners Statel and Cable&Wireless Worldwide, has built a robust state-of-the-art network platform to provide its suite of trader voice and electronic connectivity services to Russian trading firms. This initiative has been driven by the continued growth in trading and increasing market data demands from firms in Moscow.
"As a network provider of mission critical communications, C&W Worldwide is committed to supporting IPC and its financial sector customers in Russia with our world-class low latency network solutions which are tailored to serve the needs of financial services customers," says Darren Webb, Director, Enterprise - Global Markets, C&W Worldwide.
The upgrade will allow Russian trading firms to gain direct access to IPC's global financial community, which encompasses more than 4,000 market participants, and connects to more than 50 liquidity venues worldwide.
"Along with Turkey, the UAE and South Africa, Russia represents one of the fastest emerging and highest performing markets in EMEA," said Richard Petrie, VP of Network Operations EMEA for IPC. "We've been planning this upgrade into Moscow for some time due to requests from many of our global customers for a faster route. We've secured the right partners in the region for in-country support and optimum service reliability - Statel and C&W Worldwide fit this bill perfectly."
IPC's global network interconnects the world's major financial centers across 700 cities in 60 countries with secure, low-latency connectivity in support of all aspects of the trade lifecycle. The investment in more direct paths to key exchanges over the last six months has been a key driver behind IPC's mission to extend network route capacity. This forms part of IPC's long-term strategic plan to deliver the optimum trading network to connect buy-side firms, sell-side firms, market data providers, interdealer brokers and liquidity venues globally.