SINGAPORE EXCHANGE SELECTS IPC TO MANAGE NEW HUB IN CHICAGO

IPC Systems, Inc., a leading global provider of specialised communications and managed network-as-a-service solutions for the financial trading community, today announced that it has been selected by Singapore Exchange (SGX) to manage the SGX Chicago Hub, which is available at CME Group’s facility in Aurora, Illinois.

The IPC Financial Markets Network (FMN) now provides capital market participants in nearly 3,000 North American locations with secure and reliable connectivity in accessing Singapore’s financial markets while meeting regulatory requirements in doing so. The announcement is part of IPC’s continued global network expansion, empowering North American investors to directly trade equities, foreign exchange, and derivatives, and access market data regarding the Singaporean market.

“The goal of establishing a hub for SGX in Chicago is to make Asia’s financial markets more accessible to investors in North America and broaden SGX’s international footprint,” said Ng Kin Yee, Head of Market Data and Connectivity at SGX. “We look forward to more participants connecting directly to SGX through the SGX Chicago Hub.”

“We see significant demand among North American institutional investors, asset managers, hedge funds and market makers to securely and quickly access markets in the Asia-Pacific region,” said David Brown, Senior Vice President and Managing Director, Financial Markets Network, IPC. “We are thrilled to collaborate with Singapore Exchange, one of the world’s most international exchanges, and operate the SGX Chicago Hub to facilitate direct access to the venue for North American investors.”

The IPC Financial Markets Network service portfolio includes the Connexus Financial Extranet, Direct Connect and MPLS WAN data services, as well as Trader and Enhanced Voice connectivity services. IPC’s Financial Markets Network interconnects global financial centres and allows access to more than 6,000 market participant locations across 700 cities in more than 60 countries.

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