IPC Information Systems, Inc., a provider of trading floor technology, announced today that it has installed 280 IQMX trading desktops at the Barclays Capital North American headquarters. The 260,000 square foot office space can accommodate up to 600 traders. IPC also supplied Barclays with an eight- to-sixteen channel Hoot & Holler network.
The IQMX trading platform employs voice over Internet Protocol (VoIP) to deliver voice, video and data through a single path to the trader’s desktop. IPC is the first company in the financial technology space to offer such integrated trading platforms.
“IPC’s IP-based technology is precisely why we went with the IQMX trading platform,” says Kingsley J. Poulton, Barclays Capital’s director of information technology. “It offers flexibility, scalability and free seating, which gives traders the ability to access individual IQMX desktop settings from any trading position on any trading floor. IP also eases migration to next-generation technologies.”
“Like many firms, Barclays Capital’s chose the IQMX solution because of the power and versatility that VoIP delivers directly to the trader’s desktop,” adds Mike Sheehan, IPC’s managing director Global Sales. “Among its many strengths, the IQMX platform is designed to withstand the rigors of the trading floor and, like all IPC’s systems, Is supported by a long tradition of excellence in customer service.”
During the design and implementation phase, IPC impressed Barclays with its dedication and team-oriented work ethic. “The floor went live without incident,” says Poulton. “IPC was focused on what we wanted and needed. No question or task was too great. IPC not only provided the equipment but designed and installed the cabling infrastructure, ensuring us world class quality and service.”