Telx Provides Colocation and Interconnection Services for IPC Systems
IPC will leverage Telx's industry-leading Financial Business Exchange (FBX), an ecosystem of financial exchanges, market data providers, order management vendors, independent software vendors and buy-side and sell side firms all colocated in secure, Telx-managed data centers and interconnection facilities. By tapping into FBX, IPC's extranet of market participants are a single cross-connect away from connecting to direct, low-latency financial exchanges within hours instead of weeks, expanding their reach and access to liquidity venues in the key financial services connectivity hubs of New York City and New Jersey.
IPC's private and secure global network already connects over 4,000 market participants, trading firms and venues enabling traders to connect to counterparties. IPC's financial extranet, comprised of global trading firms, vendors and venues links 200 cities in 60 countries across six continents. The Telx FBX ecosystem provides an excellent complement, with its carrier-neutral approach in these strategic locations, maximizing the global reach of the IPC trading community to provide financial institutions with connectivity for all aspects of their trade lifecycle.
"Telx has become a key New York and New Jersey colocation and interconnection provider based on the strength of its financial services and connectivity provider ecosystems at these strategic locations," said Jeffrey Britell, director, Network Planning, IPC Systems. "Telx's unique formula for building this ecosystem makes the entire data center community in each location exponentially more valuable. In the financial services industry, low-latency and proximity are critically important and, through this partnership, we can rely on Telx to help us deliver both."
"By colocating with Telx, IPC Systems extends the choice we can provide to our customers, with secure access to a growing number of services delivered via participants and providers in the FBX ecosystem," said Brad Hokamp, Chief Marketing Officer of Telx. "We are proud to partner with IPC in helping them compete at a fast-moving, 'capital markets' pace, especially in an environment where latency can make or break a connectivity deal."