Friday, 19 April 2024
IPC collaborates with Algomi to develop application to run over IPC’s Financial Markets Cloud
New York, NY –- IPC Systems, Inc., a leading global financial markets technology and service provider, announced its collaboration with Algomi, the network company providing information-matching solutions for the optimization of fixed income liquidity, to partner on the delivery of Algomi’s
DealCall, an application which leverages IPC’s Financial Markets Cloud.
DealCall will be integrated into both Algomi’s award-winning Honeycomb platform and IPC’s community of financial market participants, enabling Honeycomb users to swiftly and securely connect to their dealers.
IPC and Algomi are working together to enable seamless communication for buy-side users of the Honeycomb application. With one click, users can access on-demand connectivity to their chosen sales coverage teams at their chosen banks. By bringing together the IPC community of over 6,000 diverse market participants and Algomi’s applications, DealCall creates a rich, secure and market enhancing experience for customers.
“We are very excited to be collaborating with Algomi,” said Neil Barua, CEO of IPC, “The successful implementation of DealCall on the IPC Financial Markets Cloud means Honeycomb network participants can work with their counterparts on large sensitive trades in an efficient and secure manner”.
DealCall will introduce an enhanced level of productivity and efficiency as Honeycomb network participants will have an integrated experience and be able to immediately communicate with counterparties. The users of the Honeycomb can now access bond information and dynamically communicate using instant messaging and instant voice communications.
“We are thrilled to be working with IPC to leverage their leading communication technology to enrich the Honeycomb client experience. The investor is able to deal in size, seek best execution, and remain discreet in the market. They can choose to communicate by voice, or existing secure instant messaging.” said Stu Taylor, CEO of Algomi. “Both Algomi and IPC share a common goal of empowering market participants to source liquidity, generate alpha and mitigate risk in the fixed income markets.”
Re-disseminated by The Asian Banker
