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IPC and Omniex Join for Extranet-Based Cryptocurrency Trading Ecosystem

Traders Magazine Online News, March 28, 2019

John D'Antona Jr.

IPC, a llobal provider of secure, compliant communications and networking solutions for the financial markets community, announces a joint effort that allows institutional investors to now place secure buy and sell orders for a wide array of cryptocurrencies through the IPC Connexus Cloud, thanks to a new partnership with Omniex, an institutionally focused investment and trading platform for digital assets. The strength of the joint end-to-end solution security protocols, combined with the expanse and composition of IPC’s institutional community of over 6,400 global financial market participants, represents a groundbreaking milestone in the digital asset trading arena.

“IPC is about access, community, and intelligence -- exactly what institutional investors want and need from digital assets,” said Bob Santella, CEO of IPC Systems. “The interest, technology, and customers are robust, but until now, securely connecting all three has been a challenge for the market. Through our Connexus extranet ecosystem, the Omniex platform can provide the groundbreaking, secure, intelligent channel for cryptocurrency trading that the financial community has been clamoring for, including the vast number of major financial institutions IPC touches around the world.”

Transforming the Digital Asset Marketplace

In the last two years there has been intense speculation over the possibility of institutional investment flowing into crypto-assets. The infrastructure for institutional-grade solutions has been rapidly developing, but the market structure was not yet mature enough to address several key hurdles, particularly security. Due to the completely digital -- and potentially hackable -- nature of cryptocurrency transactions, concerns have persisted regarding solutions routed over any form of public internet. Moreover, building customer bases from scratch is a time-consuming process for trading platforms.

IPC already has a robust community comprised of the world’s top financial institutions, which rely on IPC’s network for orders, intelligence, and other mission-critical resources. Moreover, this network is protected by Connexus’ robust extranet, keeping essential financial transactions secure and private, be they crypto assets or otherwise. Omniex, meanwhile, is a complete investment and trading platform for institutional investors to seize the opportunities inherent in the capital markets’ newest asset class. The Omniex platform provides portfolio and risk management, trade execution, investment operations, and compliance solutions institutions.

“Omniex partnering with IPC Systems is a win-win for institutional investors,” said Omniex co-founder and CEO Hu Liang. “With the established and comprehensive financial ecosystem accessible through IPC’s Connexus extranet, institutions can be confident in making the leap into digital assets. We built Omniex to handle the most sophisticated orders and investors, but to deliver that, we needed IPC’s Connexus network, an equally sophisticated connection.”

About IPC

IPC is a technology and service leader powering the global financial markets. We help clients anticipate change and solve problems, setting the standard with industry expertise, exceptional service and comprehensive technology. With a customer-first mentality, IPC brings together one of the largest and most diverse global financial ecosystems spanning all asset classes and market participants. As the enabler of this ecosystem, IPC empowers the community to interact, transact and react to market changes and challenges, and we collaborate with our customers to help make them secure, productive, compliant and connected. Visit ipc.com and follow us on Linkedin and Twitter (@IPC_Systems_Inc).

 

About Omniex

Omniex is a front-to-back office investment and trading platform for institutional investors to access the crypto-asset markets. Its purpose-built technology provides portfolio and risk management, trade execution, investment operations and compliance solutions to buy-side, market-making and broker-dealer institutions. It was founded in the fall of 2017 by an experienced team of technologists, financial executives and crypto pioneers, and is backed by leading investors including Wicklow Capital, Jump Capital, Digital Currency Group, Sierra Ventures, Clocktower Technology Ventures, ThirdStream Partners and Alan Howard of Brevan Howard.  https://omniex.io

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