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IPC Systems, Inc is a provider of trading floor communication systems and network services to financial entities including investment banks, hedge funds and investment managers. The company’s written aim is to deliver “unified solutions that support collaborative voice trading, real-time electronic trading and market data connectivity” via a proprietary managed private IP network to financial market participants, globally. IPC provides and services voice communication systems that facilitate operations within the financial industry. The firm is known for creating and updating trading turrets – specialized, multi-line, multi-speaker communications devices used by traders. Turrets can have access to hundreds of lines and allow traders to monitor multiple connections simultaneously to maintain communication with counterparties, liquidity providers, intermediaries and exchanges. IPC’s communication systems aim to consolidate voice functionality, traditional phone lines, broker lines, intercom, teleconferencing, TV sound and PC sound-into a single unit.

History
Headquartered in Jersey City, New Jersey, IPC employs approximately 1,000 employees throughout the Americas, EMEA and Asia-Pacific regions. IPC was founded as Interconnect Planning Corporation as a consulting company in 1973. This changed when Republic National Bank approached IPC founder Stephen Nichols with a request to improve upon the bank’s trading hardware. Consequently, IPC introduced its Series I turret in 1974. The product cost approximately $75,000 to develop. The Series I used momentary contact buttons to send a signal to the backroom relays to switch calls, rather than relying on rods and levers and switching at the turret itself like other equipment of the day.

IPC was the first to use Voice over Internet Protocol (VoIP) on the trading floor to reduce communication costs and increase productivity. The company introduced the first VoIP-based turret in 2001 and its second generation VoIP based turret, the IQ/MAX, in 2006. Clients of IPC’s VoIP solutions include Barclays, Deutsche Bank, Bank of America and Merrill Lynch.

History
Headquartered in Jersey City, New Jersey, IPC employs approximately 1,000 employees throughout the Americas, EMEA and Asia-Pacific regions. IPC was founded as Interconnect Planning Corporation as a consulting company in 1973. This changed when Republic National Bank approached IPC founder Stephen Nichols with a request to improve upon the bank’s trading hardware. Consequently, IPC introduced its Series I turret in 1974. The product cost approximately $75,000 to develop. The Series I used momentary contact buttons to send a signal to the backroom relays to switch calls, rather than relying on rods and levers and switching at the turret itself like other equipment of the day.

IPC was the first to use Voice over Internet Protocol (VoIP) on the trading floor to reduce communication costs and increase productivity. The company introduced the first VoIP-based turret in 2001 and its second generation VoIP based turret, the IQ/MAX, in 2006. Clients of IPC’s VoIP solutions include Barclays, Deutsche Bank, Bank of America and Merrill Lynch.