IPC, a provider of communications and multicloud-connectivity solutions for global financial markets, said on Wednesday that it had inked a partnership with Newsquawk to launch Connexus Broadcast.
According to the press release, as part of IPC’s world-class Connexus Cloud , Connexus Broadcast leverages Newsquawk’s team of analysts, who use proprietary smart search technology to monitor and report news from hundreds of mainstream and social media sources. Over 7,000 financial market participants within IPC’s global ecosystem have access to these filtered audio market data feeds in real time.
“Internal technical and security restrictions on accessing social media and information platforms cause institutional traders to miss out on a huge volume of market-moving data since they must rely heavily on traditional, and expensive, financial news publishers. Similarly, buy-side traders have usually been unable to access the quantity and quality of news available to institutional counterparts. By bringing together IPC’s industry-leading cloud technology with multi-asset, multi-source audio market data and analysis, delivered directly to the trading floor, Connexus Broadcast significantly enhances trading opportunities for the global trading community,” Bob Santella, IPC’s Chief Executive Officer, commented on the launch.
Over 200,000 professionals have access to Connexus Broadcast through IPC’s Connexus Voice, a voice trading platform. New Connexus Broadcast service supports traders, asset managers, brokers, as well as risk and compliance teams.
Mehul Patel, the CEO at Newsquawk, added: “We are delighted to be partnering with IPC to bring our Newsquawk audio news directly and efficiently to trading desks. Connexus Broadcast provides real-time access to trading environments without the network security constraints associated typically with new technical feeds and, at the same time, adds significant value to a service that is already benefiting traders.”
Partnership with Custodia Technology
In March, IPC announced that it had entered into a strategic partnership with Custodia Technology, an independent global leader in financial compliance. As a result of the partnership, clients will have access to the combined ability of multiple voice recording integrations providing full end-to-end compliance management solutions.
