IPC Systems, Inc., a leading provider of mission critical voice and electronic communication solutions to the world’s top financial services firms and global enterprises, announced that Connectivity In A Box (CIB), a leading edge provider of FIX messaging connectivity solutions, has joined IPC’s Connexus Financial Extranet Community.
FIX messaging services have traditionally been a captive operation provided by brokerage firms, and users of these services have often been limited by the broker’s connectivity services, as well as by the high costs associated with these services. By making CIB’s normalized FIX messaging platform available to all financial market participants on IPC’s cloud-based Connexus Service, users will be able to seamlessly communicate with their trading counterparties across the globe quickly and cost-efficiently. Currently CIB is deploying its FIX messaging solution to North American customers and will extend connectivity to Europe and Asia later this year.
“We are delighted to be part of IPC’s Connexus Financial Extranet Community. Having CIB as a part of IPC’s extranet enables us to reach a large financial trading community, allowing us to meet the goal of making FIX messaging solutions more of a standard utility for trading,” said Eric Greenspan, founder, CIB. “IPC offers our users a reliable, cost-effective and secure way to communicate with their counterparties around the global.”
“CIB is a firm headed by pioneers who have brought a number of large Wall Street entities to the forefront of banking connectivity technology. That heritage of innovation lives on in CIB’s cutting-edge FIX based messaging solutions, and we are pleased to have CIB join the Connexus Community,” Joe Pickel, vice president, Network Services Product Management, IPC, said.
The Connexus Financial Extranet is part of IPC’s Financial Markets Network solution portfolio which includes private extranet, DirectConnect and Managed MPLS VPN data services, as well as Trader and Enhanced IP voice connectivity solutions. IPC’s Financial Markets Network interconnects global financial centers and allows access to more than 5,000 ecosystem participants in over 700 cities in nearly 60 countries. Built on a state of the art IP/MPLS infrastructure, the highly scalable and secure Connexus Extranet supports a number of industry standard and trading protocols.