Jefferies adopts IPC extranet service
US investment bank Jefferies is to use a financial extranet and data service from IPC Systems, a New Jersey-based technology specialist.
Jefferies will be using the firm’s Connexus financial extranet and Direct connect data service, which will connect the company to buy-side firms, trading venues, market data providers and software vendors. IPC has also said that its network will provide improved communications between Jefferies’ offices.
“With offices in over 30 cities around the world, we needed fast, flexible service to reach our clients and our providers,” said Sean Milligan, senior vice president, technology at Jefferies. “IPC’s Connexus and Direct Connect provide us with professionally managed connectivity that enables us to reach customers, liquidity venues or anyone else we need to reach when and where we need to reach them.”
Jefferies provides investment banking, sales, trading, research and strategy for equities, fixed income, foreign exchange, futures and commodities in the US, Europe and Asia. Last month, the firm chose a cash management solution from software firm TwoFour Systems for its UK and US Jefferies Bache treasury business.
The IPC financial markets network connects 4,000 market participant firms in 60 countries worldwide.