22 October 2017
Register now

BT takes voice trading to the cloud

07 February 2011  |  2395 views  |  0 Source: BT

BT today announces the next phase of the roll-out of its next generation voice trading platform.

A number of large global investment banks and hedge funds are now engaged to become early adopters of BT's leading edge technology - a key element of BT's collaboration suite for financial markets. Customer trials will commence in April this year and live deployments are then expected to begin on branch floors from July.

BT's next generation voice trading platform breaks down the barriers of physical and proprietary hardware switches by moving to an open, software-based component model, which can be distributed across a trading firm or into the cloud. This provides organisations with an enhanced level of flexibility and cost efficiency in how they deploy their trading communications.

Built on Session Initiation Protocol (SIP) technology, the next generation voice trading platform introduces a new level of agility for supporting trading operations dispersed throughout a region. The next generation architecture is highly scalable and is capable of supporting many thousands of users equipped with BT's ITS.Netrix trading turrets. It can be rolled-out across customers' trading floors with the minimum of disruption and without the need to rip-and-replace existing technology.

Larry Tabb, Founder and CEO, Tabb Group said: "As financial services firms look to solve their cost, power and space challenges while extending their infrastructure, it will be critical for these firms to examine more software- and cloud-based voice solutions."

Howard Boville, head of financial markets and MD trading systems, BT, said: "In the days of analogue equipment, the largest trading floors could need up to 200 racks of equipment - the equivalent of a basketball court. Going digital then reduced this to around 20 racks, about the size of a squash court. This move to switchless open components is the next step in the evolution of the trading communications world and can reduce the data centre space required down to just two racks, about the size of a pool tablll table - saving space, power, and CO2 emissions.

"Our next generation trading platform is a key component in our new suite of cloud based financial services solutions, which are all designed to drive the industry forward. Working hand-in-hand with our customers enables BT to deliver new innovations to fit the exacting needs of the market and help our customers to thrive in an ever changing world."

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.vasco.comvisit www.innotribe.comRegister now

Top topics

Most viewed Most shared
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
12809 views comments | 17 tweets | 28 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
11999 views comments | 22 tweets | 28 linkedin
satelliteGates Foundation backs Ripple collaboratio...
9475 views comments | 13 tweets | 10 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
8916 views comments | 11 tweets | 22 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
8504 views comments | 9 tweets | 18 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job