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Trader Telecom Cost Control Solution from MDSL Debuts at SIFMA

Leading-edge telecom expense management solution from MDSL helps organizations better manage and control trading floor telecommunications.

MDSL, the leading provider of international telecom expense management (TEM), announced today the successful launch of Trader TCC (Telecom Cost Control), a new expense management solution, during the SIFMA Financial Services Technology Expo held in New York on June 22-24.

Trader TCC is uniquely designed for IT, trader support professionals, business and procurement leaders in charge of managing the complex telecom infrastructure of trading floors and rapidly deploying emerging technologies. It helps organizations drastically reduce telecom costs, control the services really used by traders and simplifies the day-to-day management.

“Many organizations are increasingly realizing that they are spending money on redundant services including unused circuits and open phone lines to trading houses that are no longer in business, especially after all the merger activity during the last two years,” says MDSL CEO Ben Mendoza. “Prior to our solution, curbing these costs would not have been possible without a lot of manual, intensive work. Trader TCC is the first solution to specifically address this business problem.”

Additional Trader TCC benefits include:

•Alerts on unused circuits.
•Reverse auction for trading lines.
•Streamlined procurement process.
•Automatic chargeback reports.
•Reduction in manual processes via business process automation.
•Updated, accurate telecoms inventory.
•Elimination of redundant services.