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Today, Tradentrix, LLC announced an agreement executed with IPC Systems Inc. for hosting IPC’s Unified Trading solution, Unigy®, and IQ/MAX® trading turrets in the Tradentrix cloud infrastructure. This unprecedented agreement will allow trading and brokerage operations based in the state of Texas to leverage Tradentrix’s high availability and highly secure infrastructure to host their critical voice trading communications, recording systems, data, applications and desktop workstations. The Tradentix cloud gives customers, both securities and energy trading firms, the level of security and flexibility needed without the capital expenditure or ongoing maintenance overhead.
This agreement allows IPC’s unified trading communications and trading turret technology, to be hosted in the Tradentrix cloud. Israel Hersh, Senior Vice President, Product and R&D, Trading Communications Solutions stated, “Our relationship with Tradentrix allows for IPC’s best in class Unigy trading solution to be offered as a communications service for clients with operations based in Texas.”
The Unigy hosted solution will allow Tradentrix customers to access all of their critical operating systems via one flexible platform. Teams of traders and brokers will have the ability to customize their solution with Tradentrix and streamline SLAs and invoicing through the same vendor. Another added benefit the hosted solutions brings to the market is the ability to solve regulatory conformance for disaster recovery, voice logging, data retention and security, which in return make it much easier to provide requirements under the Dodd-Frank statute.
Brian Trudeau, Vice President of Engineering at Tradentrix, stated, “We are excited to work with IPC and give our customers the edge they have been looking for. This solution changes everything in terms of how a financial business that requires direct voice lines and trading turrets can operate. Both pieces can be bundled together and deployed on an “as needed basis.” Trudeau added, “Brokerage and trading operations are going to be more streamlined and have access to a cost-effective, flexible operating model. It is definitely a game-changer.”
