IPC Systems, Inc. is an American company headquartered in State Street, Manhattan, New York, that provides and services voice communication systems for financial companies. In 2014, IPC Systems employs approximately 1,000 employees throughout the Americas, EMEA and Asia-Pacific regions"IPC Systems Rings The NASDAQ Stock Market Closing Bell"
''Nasdaq'', 31 July 2013. Retrieved on 10 June 2013. IPC's products, called

trading turret A trading turret or dealer board is a specialized Key telephone system, telephony key system that is generally used by Trader (finance), financial traders on their trading desks. Trading has progressed from floor trading through phone trading to e ...

s, are specialized, multi-line, multi-speaker communications devices used by traders. Turrets can have access to hundreds of lines and allow traders to monitor multiple connections simultaneously to maintain communication with counterparties, liquidity providers, intermediaries and exchanges IPC's desktop system for traders provides multiple market data screens and gives traders the option to use instant messaging for colleague communications while checking on incoming calls. In 2010, IPC was described by Waters Technology as the "Best Trading Turret Provider"Anderson, Victor
"Best Trading Turret: IPC"
''Waters Technology'', 23 August 2010. Retrieved on 10 June 2013. Companies that provide similar services to IPC Systems include BT and Orange Business Services

History

IPC was founded as Interconnect Planning Corporation, a consulting company, in 1973. Its voice communication system was created after Republic National Bank approached IPC founder Stephan Nichols with a request to improve the bank's trading hardware"Waters Hall of Fame"
''Waters Technology'', 01 January 2000. Retrieved on 10 June 2013. In 2000, IPC Systems and its subsidiary IXnet were purchased by

Global Crossing Global Crossing Limited was a telecommunications company that provided computer networking services and operated a tier 1 carrier. It maintained a large backbone network and offered peering, virtual private networks, leased lines, audio and vid ...

. Then, in 2001, IPC Systems was sold by Global Crossing and purchased by

Goldman Sachs The Goldman Sachs Group, Inc. ( ) is an American multinational investment bank and financial services company. Founded in 1869, Goldman Sachs is headquartered in Lower Manhattan in New York City, with regional headquarters in many internationa ...

. IPC was the first to use

Voice over Internet Protocol Voice over Internet Protocol (VoIP), also known as IP telephony, is a set of technologies used primarily for voice communication sessions over Internet Protocol (IP) networks, such as the Internet. VoIP enables Voice call, voice calls to be tran ...

(VoIP) on the trading floor; this reduced communication costs. The company introduced the first VoIP-based turret in 2001 and its second generation VoIP based turret, the IQ/MAX, in 2006.Jawoski, Alexa
"Merrill Installs IPC VoIP Trading Turrets"
''Securities Technology Monitor'', 19 November 2007. Retrieved on 10 June 2013. Goldman Sachs sold the company to

Silver Lake Partners Silver Lake Technology Management, L.L.C., is an American global private equity firm focused on technology and technology-enabled investments. Silver Lake is headquartered in Silicon Valley and New York, and has offices in London, Hong Kong, and ...

in 2006 for $800 million. In 2014,

Centerbridge Partners Centerbridge Partners, L.P. is a multi-strategy private investment firm focused on leveraged buyouts and distressed securities. The firm manages over $56 billion of assets

announced that it had agreed to acquire IPC Systems from Silver Lake Partners. IPC Systems also developed a division called Positron Public Safety, which developed similar systems for use by 911 operators and other dispatchers. This was sold in 2008 to rival Intrado. In 2015, IPC Systems acquired ASPone Networks, a global voice and data network provider to the financial markets. In 2025, IPC Systems acquired Intracom Systems, a provider of software-based communications solutions.

References

{{Reflist 1973 establishments in New Jersey Companies based in Jersey City, New Jersey Consulting firms established in 1973 Telecommunications equipment vendors Telephone exchange equipment Electronics companies established in 1973