IPC has partnered with Celoxica on a fully managed, ultra-low latency market connectivity and pre-trade risk management trading solution for a Tier 1 global investment bank in Taiwan.
Celoxica’s Market Access Gateway and IPC’s Connexus platform, underpinned by Connexus Colocation, Connectivity and Chrono services, will provide enhanced direct market access (DMA) to, and lower latency trading in, Taiwanese financial markets.
Ben Tyas, head of Asia region for Celoxica, said: “Partnering with IPC allows us to continue building our presence in the Asia Pacific region and offer both local and global customers a fully managed service leveraging our ultra-low latency product suite for market data, trading and risk checks.”
The solution is also integrated with Celoxica’s Market Access Gateway (MAG) platform that supports trading multiple asset classes.
The firms claim that the bank will also benefit from cost efficiencies through replacing capital expenditure with an operational expenditure service model.
John Owens, director of global exchange relationship management, IPC Systems, said: “We are pleased to have the opportunity to collaborate with Celoxica on a fully managed, ultra-low latency market connectivity and pre-trade risk management trading solution that supports our customer’s speed to market with respect to exchange, broker and client connectivity.”
©Markets Media Europe 2023
