IPC has completed the engineering and installation of a new trading floor for Lloyds TSB Corporate Markets.
The newly-merged Lloyds TSB Corporate Markets selected IPC to handle the move of its derivatives, FX, credit and debt capital markets traders from the main floor to a new 250-position trading floor and to enhance the firm’s trader voice infrastructure, enabling robust business continuity across the enterprise.
To outfit the trading floor, Lloyds TSB chose IPC’s Slliance MX infrastructure, IQMX and Remote Enterprise IQMX turrets, applications modules with TraderVision and Enterprise ICMX intercoms. In addition, Lloyds TSB chose to replace its overall voice network infrastructure with IPC’s enterprise voice services (EVS).
Because EVS allows voice communications to be delivered at both sites simultaneously, the new site could be tested in real-time while traders were still working on the original floor. The actual move took place in August. Because no switchover was required, traders were able to report to work at the new trading floor after the three-day weekend having suffered no downtime and no loss of productivity.
Additionally, EVS has made it possible for Lloyds to make use of the original site as a fully operational disaster recovery site. Possible points of failure have been dramatically reduced, and now new trader voice circuits can be added in less than a day – a process that had taken three to four days in the past.
More and more firms are now looking at trading floors on a global scale rather than one at a time. They are demanding much more sophisticated environments, relying on the integration of many different types of technologies and services. We’re working with our clients to achieve efficiencies and benefits on this global scale, which helps them create a sustainable advantage in the marketplace, said Lance Boxer, CEO of IPC.