New York & London - September 19, 2005 â IPC, the leading provider of trading floor communications solutions for the global financial services industry, announced today that it has deployed a suite of trading floor communications systems and services on NYMEX Europe Limitedâs London trading floor. NYMEX Europe is a subsidiary of NYMEX Holdings and an affiliate of New York Mercantile Exchange, Inc.
The installation coincides with the launch of NYMEX Europeâs open outcry trading floor in London on September 12, 2005. The exchange has selected to utilize an IPC Trading System with voice recording along with a Nortel PBX, trader voice lines and additional management services. This solution has utilized the IPC project management team for full co-ordination of delivery and installation including assistance on the design of the 100 plus trading booths required for the floor.
"As the worldâs largest commodities exchange, NYMEX has rigorous technology
requirements. We were looking for a system that would meet these standards and could accommodate future expansion we well, and we felt that IPC met our needs. IPCâs outstanding service and global presence were also important in our decision-making," said Samuel Gaer, chief executive officer of NYMEX Europe.
"We are delighted to have been chosen by NYMEX Europe to power its London trading floor. We view our relationship with NYMEX as a long term partnership, and we look forward to continuing to work with them to expand their global trading operations." said Lance Boxer, chief executive officer of IPC.