IPC has launched Global Exchange Reach, a connectivity solution that enables exchanges, alternative trading systems (ATSs), multilateral trading facilities (MTFs) and other liquidity venues located in one part of the world to attract order flow and distribute market data in new geographies. The solution is already in production for Singapore Exchange (SGX) in North America where IPC manages the SGX Chicago Hub at CME Group’s facility in Aurora, Illinois.
“Liquidity venues are increasingly looking to attract institutional investors, asset managers, hedge funds and market makers outside their primary market to fuel profitable and sustainable growth,” said Anthony J. Perrotta Jr., Chief Executive Officer, TABB Group, an international research and consulting firm focused exclusively on the capital markets. “At the same time, the investment community is seeking new ways to create alpha, source liquidity, diversify portfolios, manage trading costs and mitigate risk.”
Perrotta continued, “Investment management firms, broker-dealers and liquidity venues require adaptive on-demand connectivity throughout the trade lifecycle across multiple asset classes and access to a diverse, ready-made ecosystem of market participants to pivot beyond their core and capture fresh and unique opportunities.”
“As their home markets saturate, we see significant demand among the 6,000 market participants in our global financial ecosystem for reliable, secure and cost-effective access to new sources of liquidity,” said Tim Carmody, Vice President, Global Product Management and Engineering, Financial Markets Network, IPC. “Our Global Exchange Reach solution has been performance engineered to fulfil a critical market need by simplifying challenges and removing friction for connecting investors and liquidity venues whose primary markets are in different parts of the world.”