New Financial Markets Cloud Service for Trading ETFs Also Launched
“We want to provide our customers with whatever level of security and encryption they want,” said Tim Carmody, Vice President, Network Services Engineering, Financial Markets Network, IPC®, following IPC’s recent announcement of a collaboration with United Kingdom-based Post-Quantum to integrate biometric, encryption and blockchain technologies as a service via IPC’s Connexus Cloud ecosystem.
“We hear from our customers that some are concerned about the post-quantum world when quantum computers can decode existing encryption,” continues Carmody. IPC is working with Post-Quantum, a cyber-security firm, to enable user authentication, non-repudiation and fraud deterrence technologies into IPC solutions delivered over Connexus Cloud. “Post-Quantum offering these technologies as a service in the IPC ecosystem not only streamlines the ability to integrate biometric, advanced encryption and blockchain technologies into IPC solutions, but also makes them available for any provider or customer on IPC’s Connexus Cloud in a manner designed to be compliant and efficient while mitigating risk.”
Connexus Cloud Launched in June
IPC launched Connexus Cloud, a secure communications and data collaboration platform in June. It is the foundation of IPC’s strategy to move the financial markets into a new era with an intuitive, robust and all-encompassing cloud delivery model. Connexus Cloud’s secure, compliant high performance design is purpose-built to be a new standard.
“Financial institutions continue to migrate from on-premise solutions to embrace cloud-based solutions for infrastructure flexibility,” says Neil Barua, CEO of IPC. “The on-demand access Connexus Cloud provides to our expanding portfolio of IPC and IPC-certified partner products, services and solutions, will foster a growing, dynamic community and the next wave of industry advancements.”
IPC’s Connexus Cloud will deliver an enhanced lineup of IPC products including communications-as-a-service, managed network-as-a-service and information management for compliance solutions through an on-demand and anywhere user interaction model.
Financial Markets Cloud Service for Trading ETFs
Since announcing Connexus Cloud, IPC has also launched its Financial Markets Cloud Service for Trading ETFs (exchange traded funds), which will take advantage of the Connexus Cloud delivery model. The ground-breaking solution is designed to enable sell-side firms as well as IPC’s diverse community of more than 4,000 buy-side firms comprised of institutional investors, insurance companies, corporate treasuries, asset managers and hedge funds to securely and reliably trade ETFs electronically or via voice.
“Electronic and voice connectivity to an established ecosystem of counterparties and liquidity venues is crucial for fixed income ETFs since they trade simultaneously both over-the-counter and on exchanges,” says Anthony Perrotta, Partner and Global Head of Research and Consulting, TABB Group. “As ETFs continue to proliferate and fixed income market participants increasingly utilize the products to both manage beta and generate alpha, we foresee an increased demand for specialized communications and managed network services which will ensure optimum flow of information and data.”
IPC plans to announce a number of additional Connexus Cloud partners and services this year and in 2017.