IPC’s Connexus Cloud ecosystem continues expansion with linkage to London Metal Exchange
- Trading Systems
- 01.07.2020 02:01 pm
IPC, a leading global provider of secure, compliant communications and networking solutions for the global financial markets community, announced today its expansion into the London Metal Exchange (LME), the world centre for industrial metals trading. IPC’s global customer ecosystem utilises its flagship Connexus Cloud platform for trade execution, order routing, market data delivery, and accessing vital marketplaces like LME that serve as a global reference for prices.
“The LME is incredibly valuable to investors,” said Chris McQuade, Vice President Network Operations EMEA, IPC. “It’s the perfect hedging venue, and we at IPC are thrilled to be able to offer our customers instant access to what is truly one of the most important markets in the world.”
Most of the world’s non-ferrous metals business is conducted on the LME’s three trading platforms: LMEselect (electronic), the Ring (open outcry) and the 24-hour telephone market. In 2019, 176 million lots were traded at the LME equating to $13.5 trillion. Trading on the LME often exceeds world metal production by a factor of 40.
IPC’s Connexus Cloud is an unparalleled multi-cloud platform for the global financial markets, an ecosystem that interconnects more than 6,600 diverse capital market participants across 750 cities in over 60 countries. Market participants interested in speaking to IPC subject matter experts about Connexus Cloud can schedule a meeting with us. We also encourage you to learn more at .