IPC Named Among Top 100 Global Providers of Financial Technology

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Oct 21, 2010, 12:00 ET

JERSEY CITY, N.J., Oct. 21 /PRNewswire/ -- IPC, a leading provider of trading communications solutions to the world's leading financial services firms, announced today that it raised its ranking, to 25th from 31st, in the FinTech 100, an annual international listing of the top vertical technology vendors that derive more than one-third of their revenue from the industry, as named by American Banker, Bank Technology News and IDC Financial Insights.

IPC provides next-generation turret solutions through its secure network, connecting thousands of financial market trading participants worldwide. IPC trading technologies combine intuitive design and the latest in Voice over IP technology to deliver maximum clarity, control and power to a trader's fingertips. Its network services business has also grown this year by expanding its network throughout the United States and Canada, doubling the available route miles, reducing latency and improving redundancy to maximize uptime for the trading community.

"We are driving change and investing heavily in research and development to create innovative solutions that empower traders to be faster, more productive and collaborative," said Lance Boxer, Chief Executive Officer of IPC. "IPC solutions combine specialized communications and networking solutions as well as applications to accelerate trader workflow in order to organize and process information that is critical to decision-making in global financial services."

The IPC global network platform ensures fast, secure and reliable access to a community of more than 4,000 on-net financial sites worldwide, linking 200 cities in 77 countries across six continents. It opened new direct offices in India, Korea, Thailand and Switzerland, increasing its total number of global offices to 29. IPC also expanded its exchange coverage tenfold in 2010 over 2009.

For more information about the rankings, visit www.financial-insights.com/fintech.

To view the FinTech Special report, visit www.AmericanBanker.com/fintech100.

About IPC

IPC is a leading provider of financial trading communications solutions to the world's leading financial services firms and global enterprises. With nearly 40 years of expertise and innovation, IPC provides its customers with global systems and solutions, as well as a suite of products and enhanced services that includes advanced Voice-over-IP technology and integrated network and 24x7x365 management services in more than 77 countries. Based in Jersey City, N.J., IPC has more than 900 employees throughout the Americas, Europe and Asia-Pacific regions. For more information, visit www.ipc.com.