IPC, Nectar Announce Monitoring Services Partnership

IPC states it will deliver monitoring services through Nectar's converged management patform to tackle challenges for capital markets firms associated with productivity, compliance requirements and service commitments.

The alliance will see Nectar develop modules specific to IPC's trading platforms and compliance capabilities to enable firms to better verify that calls were recorded, while IPC will monitor the voice recording, voice trading system and IPT voice infrastructure under a unified management structure with tools to pinpoint the root cause of issues with systems, hardware or network elements.

"[Nectar's] technology is used by some of the world's most respected firms," says Marianne Leitch, senior vice president and managing director of enhanced services at IPC. "By joining our financial services expertise and business capabilities with Nectar's technology, we will further expand our ability to help capital markets firms meet their compliance requirements and maximize productivity effectively and efficiently."

IPC Systems agreed to be acquired by New York-based private investment firm Centerbridge Partners for a total deal value of about $1.2 billion in December 2014, with completion of the deal announced on February 9 2015.