The demanding world of financial trading today gains a new leg up with the launch of an IPC Systems, Inc.’s business unit, focused exclusively on meeting trading regulations and cutting through the complexity of today’s trading systems.
The 35+ year-old IPC already has long had a foothold in financial services with a range of managed electronic trading and voice options, including voice recording.
There’s a huge political debate over the rules with which financial institutions must comply: Are they too stringent holding back economic vitality, or too relaxed leading to abuse and potential global meltdown? Regardless of where one stands, it is clear that Wall Street-style firms have to jump through constant regulatory hooks to get their work done.
With managed services, a dedicated outsider takes care of much of that complexity so clients can focus on making money properly.
The new IPC Managed Services business unit is focused on the communication aspects of trading. The new services key off of existing services, and focus on vendor management, inventory management, management and monitoring of systems and networks, data protection, order management, and complying with regulations.
“We partner with our customers to help them realize efficiencies that result in immediate cost savings, which is top of the agenda in today’s climate,” argued Marianne Leitch, senior vice president, IPC Managed Services. “Our Managed Services also provide IPC with an opportunity to transform our service business to support customer requirements well into the future with flexible financial and innovative technology solutions.”
IPC claims special expertise in strategic planning and knowledge of global processes is critical to those that do transactions all over the world. It also reveres deep hands-on knowledge of PBX and unified communications, overall communications networks, and systems that handle trading.
The company’s extranet today has some 4,000 participants. Meanwhile, IPC boasts three operations centers in London, Singapore and New York – and has testing centers in London, New York and Connecticut.
Tech to the Rescue
IPC believes the time is right for new tech investments for financial institutions, and points to a survey or more than 100 trading pros to prove it. According to the research, making traders more efficient has a big payback, and electronic trading is a key area of investment for nearly half of those surveyed.
Overall, over three quarters of those surveyed will increase investment in technology, with the key drivers being increasing cost effectiveness and efficiency and achieving competitive advantage.
Edited by
Braden Becker
