BT today said it has played a key role in the ongoing next-generation trading floor project at the New York Stock Exchange (NYSE) by upgrading communications technology available to traders and specialists.
As part of the NYSE upgrade, BT is providing Internet protocol (IP) networking technology and the latest trading technology to NYSE member firms, offering them a broad communication product suite to choose from. For the first time, member firms now have the ability to customize their own trading booths on the exchange floor with the equipment that best suits their individual needs.
The products and services offered are part of BT's Integrated Trading Systems (BT ITS) Voice Trading Platform, which supports voice, video, IM, email and other applications across a range of devices and communications standards.
Howard Boville, head of capital markets and trading communications, BT, said: "NYSE member firms have enthusiastically embraced our product suite. They like the flexibility the platform provides, the way they can customize it to suit their needs, and its potential cost savings. For our customers, this is the future delivered.
"Customers also appreciate BT's managed service approach, which provides them the technical expertise and support they demand so they can focus on their business, not the underlying technology. In fact, as more NYSE member firms put their trust in BT for their critical trading communications, they are also looking to BT to supply their broader networked IT needs."
Louis G. Pastina, executive vice president, NYSE Operations, said: "BT has been an outstanding partner on this project from the planning stages right through implementation. The NYSE has invested in upgrading its trading floor and network as core components of the marketplace, and in parallel, BT has invested in enhancing its product offerings for NYSE members. The combined result is greater capabilities for our members, which is helping to create growth among current market participants as well as attracting new participants."
Lance Baraker, a senior managing director of TradeStation Prime Services, a division of TradeStation Securities, I Inc. (Member NYSE, FINRA and NFA), said: "BT's ITS.Netrix, an advanced telecommunications system, gives us features and flexibility we need to better serve our customers. By providing this system, BT has shown that it understands what NYSE-floor members like us need to help improve the quality of our services to the next level."