IPC, the technology
provider supporting FX and CFD brokers in enhancing trading capabilities, has
partnered with Open Lake Technology (OLT) to address growing compliance
challenges in financial communications, the companies announced today (Tuesday).
The
collaboration integrates OLT’s compliance automation technologies into IPC’s
Unigy voice communications platform, creating a unified system aimed at helping
financial institutions meet regulatory requirements while improving operational
efficiency.
“Financial
institutions are under immense pressure to meet regulatory demands while
optimizing operational efficiency,” said Colin Allison, Compliance Product
Manager at IPC.
“Bringing
OLT’s automation and monitoring capabilities within our global communications
technology environment enables our customers to streamline compliance
activities and meet regulatory reporting obligations with confidence.”
CAP and TFSC
The
integration brings two key OLT solutions to IPC’s ecosystem. The Compliance
Automation Process (CAP) verifies regulatory compliance in near real-time,
identifying gaps in call recording and ensuring data quality and retention.
Meanwhile, the Trade Floor Systems Check (TFSC) provides automated monitoring
of trading terminals, voice recording systems, and network connectivity .
These tools
aim to help financial firms address a persistent industry challenge:
maintaining comprehensive compliance across increasingly complex communications
infrastructures while containing costs.
“Our
solutions assure compliance and also drive greater operational performance,
complementing IPC’s extensive communications technology solutions and
services,” said Antony Derbes, CEO at Open Lake Technology.
IPC has
been providing technology and services to financial markets for over 50 years, including
FX/CFD industry, while Open Lake Technology specializes in automation solutions
for trading and financial services firms.
A few
months ago, IPC announced the acquisition of software communications firm
Intracom Systems, expanding its technology offerings in the financial services
sector.
IPC FX Hub
IPC Systems
runs the FX Hub, a specialized low-latency, co-located performance solution
designed to address complex trading challenges in the foreign exchange markets.
The platform operates through strategically positioned infrastructure within
Equinix’s data centers across major financial hubs including New York, London,
Tokyo, and Singapore, creating a global network that connects market
participants with minimal latency.
The
solution addresses the complexity of FX markets by providing streamlined access
to various market participants including brokers, dealers, investment banks,
and liquidity providers. It enables efficient trading, improved price
discovery, and comprehensive market access through a consolidated management
system.
As part of
IPC’s Financial Markets Network, the FX Hub extends to over 6,000 market
participant locations across 700 cities in more than 60 countries.
IPC, the technology
provider supporting FX and CFD brokers in enhancing trading capabilities, has
partnered with Open Lake Technology (OLT) to address growing compliance
challenges in financial communications, the companies announced today (Tuesday).
The
collaboration integrates OLT’s compliance automation technologies into IPC’s
Unigy voice communications platform, creating a unified system aimed at helping
financial institutions meet regulatory requirements while improving operational
efficiency.
“Financial
institutions are under immense pressure to meet regulatory demands while
optimizing operational efficiency,” said Colin Allison, Compliance Product
Manager at IPC.
“Bringing
OLT’s automation and monitoring capabilities within our global communications
technology environment enables our customers to streamline compliance
activities and meet regulatory reporting obligations with confidence.”
CAP and TFSC
The
integration brings two key OLT solutions to IPC’s ecosystem. The Compliance
Automation Process (CAP) verifies regulatory compliance in near real-time,
identifying gaps in call recording and ensuring data quality and retention.
Meanwhile, the Trade Floor Systems Check (TFSC) provides automated monitoring
of trading terminals, voice recording systems, and network connectivity .
These tools
aim to help financial firms address a persistent industry challenge:
maintaining comprehensive compliance across increasingly complex communications
infrastructures while containing costs.
“Our
solutions assure compliance and also drive greater operational performance,
complementing IPC’s extensive communications technology solutions and
services,” said Antony Derbes, CEO at Open Lake Technology.
IPC has
been providing technology and services to financial markets for over 50 years, including
FX/CFD industry, while Open Lake Technology specializes in automation solutions
for trading and financial services firms.
A few
months ago, IPC announced the acquisition of software communications firm
Intracom Systems, expanding its technology offerings in the financial services
sector.
IPC FX Hub
IPC Systems
runs the FX Hub, a specialized low-latency, co-located performance solution
designed to address complex trading challenges in the foreign exchange markets.
The platform operates through strategically positioned infrastructure within
Equinix’s data centers across major financial hubs including New York, London,
Tokyo, and Singapore, creating a global network that connects market
participants with minimal latency.
The
solution addresses the complexity of FX markets by providing streamlined access
to various market participants including brokers, dealers, investment banks,
and liquidity providers. It enables efficient trading, improved price
discovery, and comprehensive market access through a consolidated management
system.
As part of
IPC’s Financial Markets Network, the FX Hub extends to over 6,000 market
participant locations across 700 cities in more than 60 countries.
This post is originally published on FINANCEMAGNATES.
