Wafa Financial Services has selected BT to provide the latest voice trading technology across their dealing rooms in the United Arab Emirates.
The solution, which includes BT's ITS.Netrix and a fully managed trading switch, will be delivered in partnership with Keross, which act as architecture consultants and systems integrators for this project.
Mr. Adel Trabelsi, general manager of Wafa, said: "We have been researching various trading platforms available on the market. We have found BT's ITS platform to be the best fit for Wafa. The solution is consistent with our determination to maintain our technological edge in the market, particularly on the level of service we offer to local and foreign institutional investors. "
Phil Mottram, Managing Director, Radianz and Trading Systems, BT Global Financial Services, said: "We are delighted Wafa has chosen to deploy BTs voice trading technology in the rapidly growing United Arab Emirates. In choosing BT, Wafa joins a global community of financial services firms using our technology to improve how they transact with their trading partners."
Mr. Farouk Said, managing partner at Keross, said: "We are pleased to help Wafa fulfill their strategy of maintaining technological superiority in the UAE brokerage market. Our relationship with Wafa and BT in the Middle-East is a true partnership where we consistently seek to enhance our client's value proposition."
Today, BT has deployed over 30,000 ITS.Netrix turrets at more than 550 customer sites worldwide.