IPC Systems partners with Celoxica for market data services
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IPC Systems partners with Celoxica for market data services 20 April 2023US Reporter: Jenna Lomax
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Provider of IaaS solutions IPC Systems has partnered with Celoxica, a provider of ultra-low latency market data solutions, to deliver a market data feed across all asset classes.
The combined solution will house a field-programmable gate array (FPGA)-powered low latency market data feed across all asset classes.
It will provide buy-side, sell-side and financial markets application providers all the benefits of a managed service provider and a fully-hosted environment at Exchange CoLo, Proximity or a customer specified site.
The IPC and Celoxica partnership allows data to be consumed from multiple markets with infrastructure deployment and application-ready feeds managed through a single API.
With the combined solution, IPC Systems and Celoxica aim to reduce overall operational complexity and overhead costs, while giving clients access to low-latency price discovery and proximity to key financial market locations.
IPC’s Connexus platform is an infrastructure-as-a-service ( IaaS) solution which utilises globally-located data centres across IPC’s global network and community. It connects global financial centres and has more than 200,000 users in over 700 cities.
Alex Walker, global head of network data at IPC, says: “Our partnership represents the next phase of IPC as a facilitator to the capital markets infrastructure and network services requirements.
“We are pleased to provide a low latency deterministic market data offering to our capital markets community to make it easier for firms to consume data from multiple markets while taking advantage of the benefits of a managed service provider.”
Lee Staines, global head of sales and client services at Celoxica, comments: ‘'By combining our best-of-breed FPGA feed handlers with IPC's best-of-breed data centre technology, we are well-placed to provide clients with easy access to all market data, across multiple use cases and all market conditions, through a fully managed service and at the right price point.”
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