In his new position, Carmody has global responsibility for driving the company's network engineering strategy focused on extending and enhancing the IPC Financial Extranet to further expand the portfolio of fully managed connectivity services, thereby providing customers with comprehensive voice and electronic trading solutions. Carmody brings more than 20 years of experience in leading and designing complex network solutions for the trading community, including over 12 years dedicated to developing and supporting financial extranet services.

"Our electronic trading and enhanced voice services are growing, and bringing Tim on board will ensure we continue to drive service innovation at a rapid pace," David Brown, senior vice president for Network Services Operations, said. "His experience and expertise will add considerable value as we continue to develop strategic network platforms for our global customer base."

Carmody's appointment comes as IPC aggressively expands its data connectivity services including its global financial extranet which links capital markets participants to one another, allowing them to seamlessly communicate, transact, receive and distribute information. "IPC is already a market leader in providing voice and electronic trading communications," Brown said. "Our innovation, expansion and enhancement of our data connectivity services such as our financial extranet provide our customers with the tools they need to trade more efficiently and grow their business."

"IPC is committed to service innovation and excellence," said Carmody. "Whether a customer is creating a resilient trader voice infrastructure to assure business continuity, expanding its geographic reach to enter new markets, or maintaining a competitive edge in the ever evolving electronic trading environment, our service portfolio, network platform and support structure will accommodate their requirements."

Throughout his career, Carmody has led devedevelopment of pioneering solutions such as large scale multicast delivery, ultra-low latency solutions and shared extranet services for the financial services industry. Most recently, he led the North American Engineering team at BT Radianz and was responsible for all top tier revenue providers including all major Execution Venues and Market Data Providers. Prior to that he designed and integrated financial industry networks, extranets and niche trading floor technologies for IPC and IXNET. Carmody holds a B.S. degree in Systems Engineering from Boston University.