BT, one of the leading providers of converged trading communications, today announced that it has further expanded its efforts in Asia with the addition of CNCB to its growing list of customers across the region. CNCB, a large transnational conglomerate which successfully listed in A&H share market on April 27th 2007, will leverage BT’s converged trading communications solutions, that encompasses a range of capabilities including the ITS.Netrix turret, mobile, web and remote access as well as business continuity and compliance support via ITS Anywhere and digital voice recording solutions.
BT won a competitive bid against two providers of voice trading technology and as a result, continues to lead the way in converged communications for the mission critical trading floor across the region. As part of the deal, CNCB will deploy BT’s trading technology across its foreign exchange, money markets and bond trading desks in Beijing. Components of the deal include, BT’s ITS.Netrix, a trading turret that offers multi-media support for voice, video and data giving front office trading staff command of all communication channels. ITS Anywhere, an application that enables access to the ITS platform from a range of devices (IP and mobile phones, Blackberry and the Web) and digital voice recording, a functionality embedded into ITS.Netrix that enables full replay of all conversations directly from the turret.
The chief dealer of CNCB said: “BT’s innovation and flexibility with its trading technology solutions is impressive. The ITS platform offers us the unique ability to communicate via Voice over Internet Protocol (VoIP), traditional TDM connectivity or both at the same time. This solution coupled with ITS.Netrix and ITS Anywhere is a comprehensive package that will enable our traders to maintain a market leading position, while staying connected even when away from the desk. Moreover, as our markets continue to evolve, BT has provided us with a solution that can be upgraded in a phased approach without being disruptive to our traders or business.”
Dan Moran, General Manager, Trading Systems North East Asia, BT Global Financial Services, said: “As the stock markets in Asia continue to mature, there is a growing need for enhanced voice-based trading technology for banks to maintain the competitive edge and CNCB is leading the way. It is a great opportunity for us to work with CNCB in Beijing, especially as we continue to fortify our position in China, which is fast becoming one of the most competitive financial centers across the globe.”