Published On: Wed, Mar 23rd, 2011

IPC Systems Connects to Chi-East

IPC Systems, a leading provider of trading communications solutions to the world’s top financial services firms and global enterprises, has extended its global financial network with connectivity to Chi-East, the independent pan-Asian trading venue.

Chi-East has recently completed the roll out of its non-displayed trading platform for securities listed in Hong Kong, Japan and Singapore, and connectivity with IPC will open up Chi-East’s dynamic trading environment to IPC’s extended financial community consisting of some 2,400 trading floors and 4,000 on-net financial sites worldwide.

Launched in 2010, Chi-East matches trades for a wide range of securities listed in Hong Kong, Japan and Singapore, enabling market participants to trade SGX-listed shares, all Hong Kong Main Board listed shares, the component stocks of the TOPIX 100 and listed ETFs across the three markets. Chi-East is a joint venture between Chi-X Global Inc. and the Singapore Exchange, and is regulated as a Recognized Market Operator (RMO) by the Monetary Authority of Singapore.

According to Ned Phillips, chief executive officer, Chi-East, “As Asia’s first independent liquidity aggregator, we’re leading the way in introducing innovative trading platforms to the region, and being part of IPC’s global financial network will help in broadening global access to our deep liquidity opportunities. We’re clearly committed to providing our broking and high frequency clients with optimum levels of performance via our state-of-the-art trading platform, and IPC’s impressive levels of security, reliability and low latency operation ideally complement this.”

“Over the last year IPC has invested significantly across the Asia-Pacific region, completing our Pan-Asian optical network, opening regional offices, and adding key destinations to the network, all offering our global customer base with direct low latency access to new and emerging liquidity venues across the region. Chi-East introduces real choice into the Asian trading environment, and we look forward to helping our customers take advantage of healthy market fragmentation and reduced trade latency in the global capital markets.” said David Dodd, senior vice president and managiing director, IPC Systems.

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