The networks division of ASPone has been acquired by IPC Systems Inc. of New Jersey, as described in the attached press release.
Patrick McGrath, CEO of ASPone Ltd noted “our customers can be assured that our well respected systems for STP and trading workflows continue to attract new interest. Our recent transaction with IPC under which the ASPone networks division will become part of the IPC networks group is anticipated to open up new synergies for ASPone Ltd in areas of networks interconnect and tools for compliance management”.
The systems division of ASPone Ltd is not part of the acquisition and will continue to provide financial applications and services including:
• Deal Entry for fast capture of voice trades into STP notification services such as TRTN
• Integration services utilising the ASPone Transaction Routing Hub (TRH)
• Hybrid execution platforms including the Price Matching System used for trading and auctions of FX Options and other derivatives
• FX management and cross-border payment technology