As new regulations begin affecting the rapidly expanding OTC derivatives trading market, IPC has seen accelerated growth for its Connexus financial extranet — especially among swap execution facilities (SEFs) and firms scrambling to secure connectivity to ensure they remain competitive in the swaps market.
More than a dozen SEFs, including Eris Exchange, IntercontinentalExchange and Javelin Capital Markets, have been added to Connexus recently as these firms prepare for the inevitable changes in the OTC derivatives markets structure. “We are delighted that IPC is providing connectivity to a diverse pool of market participants seeking direct access to the Javelin trading platform,” says Michael Black, head of infrastructure, Javelin Capital Markets. “As the OTC derivatives markets embrace change, it is extremely important for our clients to have reliable and secure connectivity to our platform for trade execution.”
Connexus financial extranet service was introduced in late 2011. It offers capital markets firms increased flexibility and responsiveness, bringing them speed, simplicity, expertise and cost advantages including access to a broad range of cloud-based trade lifecycle services through a single connection.