IPC Taps Newsquawk to Launch Connexus® Broadcast

IPC, a leading provider of financial technology services, has partnered with Newsquawk, a provider of audio market data services, to launch Connexus® Broadcast.

According to IPC's official press, Connexus® Broadcast will be integrated into the company's multi-cloud platform ecosystem, Connexus® Cloud. The feature will leverage Newsquawk's team of analysts that use proprietary smart search technology to monitor and report data and news from hundreds of mainstream and social media sources. More than 7,000 financial participants in IPC's diverse global ecosystem can access to these filtered audio market data sources in real time.

Connexus® Broadcast will be delivered via Connexus Voice, IPC's platform-agnostic voice trading ecosystem that is available to more than 200,000 professional traders.

"We are delighted to be partnering with IPC to bring our Newsquawk audio news directly and efficiently to trading desks. Connexus® Cloud 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." said Mehul Patel, CEO of Newsquawk.

​"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." Bob Santella, CEO of IPC, further explained: "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."

In addition to the collaboration with Newsquawk, IPC established in March a strategic partnership with an independent financial compliance firm Custodia Technology to provide end-to-end ccompliance management solutions. That month it also launched Connexus ALPHA to help customers improve transaction efficiency while reducing the cost of trade.