IPC's Alliance MX Selected By Westpac Banking Corporation As Platform for Global Trading Hub

Business Wire,  Feb 7, 2000  

• E-mail
• Print
• Link

Business Editors

SYDNEY--(BUSINESS WIRE)--Feb. 7, 2000

IPC (AMEX: IPI) announced today that Westpac Institutional Bank has chosen its digital voice trading system platform, the Alliance MX(TM), as the platform for its newly upgraded main trading floor. The order, placed with IPC distributor Trade Centre Products (TCP), represents one of the largest such installations in Australia. TCP is a subsidiary of Flexemessaging.com, Inc. (OTC BB: FLXM)

Westpac's trading floor, located in Elizabeth Street Sydney, is the headquarters for the bank's worldwide financial markets trading group. IPC is the global leader in financial trading room communication equipment, with more of the world's investments moving through IPC's voice trading systems than all other competitive systems combined.

By mid-2000, Westpac will add IPC's TradeSmart CTI(TM) Solutions, which provides interconnectivity between phone and computer systems. Once implemented, telephone calls to or from a trader will trigger a 'screen pop' of information about the customer on the trader's computer screen.

&uot;The implementation will enable Westpac to benefit from the advantages of computer telephony, providing faster access to trading information and better customer service, as well increasing the efficiency of our globally network,&uot; David Backley, Head of Global Technology for Westpac Institutional Bank, said.

&uot;This is a significant achievement for IPC, coming as it does so soon after our increased commitment to Asia and Australasia,&uot; Gerry Casey, IPC Regional Director for Australasia, said. &uot;By selecting IPC, Westpac has demonstrated its commitment to remaining one of the region's premier financial institutions, and implementing technology to enable it to meet and exceed their customers' expectations.&uot;

Westpac Banking Corporation began trading on April 8, 1817 as the

Bank of New South Wales at a single office in Macquarie Place,

Sydney, in the then British colony of New South Wales. The

Westpac Group today employs about 31,000 people in Australia and

around the world. As of September 30, 1999, Westpac Banking

Corporation had global assets of more than $140 billion. Westpac

is ranked in the top 10 listed companies by market capitalization

on the Australian Stock Exchange and concentrates its activities

in Australia, New Zealand and the Pacific Islands. Westpac merged

with Challenge Bank in Western Australia in 1995, Trust Bank New

Zealand in 1996, and Bank of Melbourne in Victoria in 1997. For

more information, please visit www.westpac.com.au

IPC Communications, Inc. (Amex: IPI), a subsidiary of IPC

Information Systems, Inc., is the world's leading supplier of

voice trading systems to the financial services community with a

sophisticated suite of globally integrated voice and data

telecommunications products. IPC's patented digital TRADENET

MX(R) is the most widely installed voice trading system in the

world. IPC's comprehensive portfolio also includes its ALLIANCE

MX(TM) voice trading system, TradeSmart CTI(TM) Solutions, and

complete customer care programs.

IPC focuses on serving the financial trading environment by

designing, manufacturing, installing, and servicing products that

allow traders around the world to communicate with each other

instantly and reliably. With a global customer base comprising

thousands of the world's largest financial services firms, IPC's

reputation for quality and service is unmatched.

IXnet, Inc. (Nasdaq: EXNT), a subsidiary of IPC Information

Systems, Inc., provides a high performance intelligent global

extranet designed exclusively for the financial community.

Through a single connection, IXnet delivers end-to-end managed

data and voice communications solutions to the financial services

community around the world. IXnet uniquely offers superior

performance, reliability and security along with rapid

provisioning and dedicated customer support -- keeping market

participants in constant contact 24 hours a day. Customers

receive voice and data connectivity, plus financial content and

transactional capabilities on IXnet's global extranet without

having to access multiple disparate public networks or rely on

multiple customer service organizations.

With offices in financial centers around the world, Network Operating Centers in New York, New Jersey and London, points-of-presence in 38 countries and over 1,400 customer access nodes, IXnet serves more than 600 of the world's top financial firms.

IPC owns approximately 84% of IXnet's shares outstanding.

For more information, please visit www.ixnet.com and www.ipc.com.

This press release may contain forward-looking information, including statements regarding strategic direction. These comments constitute forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995) which involve significant risks and uncertainties. Actual results may differ materially from the information discussed in these forward looking statements. Among the factors that could cause actual results, performance or achievement to differ materially from those described or implied in the forward-looking statements are general economic conditions, competition, potential technology changes, changes in or the lack of anticipated changes in the regulatory environment in various countries, the ability to secure partnership or joint-venture relationships with other entities, the ability to raise additional capital to finance expansion, and the risks inherent in new product and service introductions and the entry into new geographic markets.

COPYRIGHT 2000 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning