December 6, 2022
BXS Partners with IPC Systems to Provide New All-In-One Trade Surveillance Solution
NEW YORK, 6 December, 2022 – BXS, the industry’s leading regulatory reporting provider has partnered with IPC Systems, a leading provider of secure, compliant communications and multi-cloud connectivity solutions for the global financial markets. The partnership provides connectivity to BXS’ recently launched BXS Trade Surveillance Solution accessed via Connexus® Cloud, IPC’s unparalleled multi-cloud platform for the global financial markets.
The all-new trade surveillance solution is the latest innovation from BXS (formerly Best Execution Solutions), a longtime leader in the data analytics and regulatory reporting space for the capital markets industry. BXS is taking its expertise from 20+ years of niche best execution experience and applying their knowledge to help firms with trade surveillance and monitoring. Now, BXS’s unparalleled surveillance solution can be accessed via the secure, high-performance Connexus Cloud platform, which aims to provide a streamlined experience for compliance managers to rapidly view the most important alerts that may include orders and trades involved in market manipulation.
Within this new product a user can investigate the complete order life cycle and view a snapshot of the marketplace surrounding the time of the order to resolve alerts quickly and effectively, avoiding a backlog of aging tickets. Some of the alerts include, spoofing, layering, marking the open/close, and insider trading among many others. By enabling connectivity on the IPC Connexus Cloud, new users and existing clients alike can now easily access the BXS platform and all other products including Rule 606 and TCA reporting, with expedited and seamless on-boarding.
Connexus Cloud is an award-winning multi-cloud platform for the global financial markets, an ecosystem that interconnects over 7,000 diverse capital market participants across 750 cities in more than 60 countries. This flagship solution leverages IPC’s 50 years of experience in delivering specialized communications solutions connecting clients throughout the trade lifecycle.
“We are excited to extend IPC’s compliance offering as we partner with BXS to create a streamlined approach to trade surveillance, successfully mitigating the myriad of challenges often associated with execution analytics and compliance.”– Mike Smith, Director of Network Services at IPC Systems.
“The industry is always looking for ways to improve and become more efficient, often that can mean consolidating vendors and workflows. Our All-in-one Trade surveillance solution combines alerts, investigation, and case management in one tool, consolidating workflows and saving time for compliance managers.” – Michael Post, Executive Vice President at BXS.
BXS is a trade data analytics firm that builds cutting-edge technology to deliver high-performance compliance solutions and powerful market insights to broker-dealers, buy-side firms, hedge funds, market centers, and individual traders. BXS focuses on providing Best Execution tools, trading analytics and surveillance software across a range of asset classes, which enable market participants to meet a variety of reporting obligations while also unlocking competitive advantages. Founded in 2015 by the team that helped shape the modern equites reporting landscape and built on a robust modular platform, BXS combines made-to-measure solutions with exceptional client service, enabling a streamlined, highly intuitive process that minimizes cost.
IPC is a technology and service leader powering the global financial markets. We help clients anticipate change and solve problems, setting the standard with industry expertise, exceptional service and comprehensive technology. With a customer-first mentality, IPC brings together one of the largest and most diverse global financial ecosystems spanning all asset classes and market participants. As the enabler of this ecosystem, IPC empowers the community to interact, transact and react to market changes and challenges, and we collaborate with our customers to help make them secure, productive, compliant and connected. Visit ipc.com and follow us on LinkedIn and Twitter (@IPC_Systems_Inc).
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