IPC targets Canada through partnership with Best Execution Solutions

By Pavithra R

IPC, a technology and service leader that powers financial markets globally has announced that the firm has expanded its partnership with Best Execution Solutions (BXS), a premier provider of Best Execution analytics and trade surveillance software, for expanding the reach of its Connexus Cloud platform to Canadian financial firms and exchanges.

Connexus Cloud is a multi-cloud platform for the global financial markets, a financial ecosystem that interconnects more than 6,600 diverse capital market participants across 750 cities in over 60 countries.

“We’re taking the success of our U.S. partnership with BXS to Canada’s exciting and dynamic financial markets. Execution analytics can be quite daunting for firms around the world, and we’re fortunate to have been able to incorporate BXS’s offerings into IPC’s flagship Connexus Cloud ecosystem,” said Mike Smith, Director of Global Exchange Relations Management, IPC.

BestXstats “BXS” is a privately owned company focussing on providing Best Execution solutions, regulatory reporting, trading analytics, and surveillance software across multiple asset classes. The firm is specializing in the Trade Compliance space of the financial industry providing tools and reports for broker-dealers, trading networks, market-making firms, ATS’s, IA’s and exchanges. Through the partnership, BXS’s toolkit can be accessed via the secure, high-performance Connexus Cloud platform.

The firm has developed a reliable set of products that provide Canadian market centers, broker-dealers, and institutions cost-effective solutions that fulfil their compliance reporting obligations, along with a comprehensive set of trading surveillance modules and transaction cost-analysis tools.

“It’s phenomenal to be able to grow our integration with IPC’s Connexus Cloud ecosystem through this expansion into Canadian markets,” said Mike Post, Executive Vice President, BXS.

Recently, IPC formed a strategic partnership with OpenFin to build Voice App store.

Established since 1973, IPC is a technology and service leader powering the global financial markets. It helps clients anticipate change and solve problems, setting the standard with industry expertise, service and comprehensive technology.