MITSUI & CO. ENERGY SELECTS BT TO LAUNCH NEW SINGAPORE TRADING FLOOR

BT, a leading provider of converged communications, announced today that it has signed an agreement with Mitsui & Co. Energy Risk Management Limited to develop their trading technology infrastructure. As part of the deal, BT has provided Mitsui & Co. Energy with a robust, advanced trading floor strategy that will facilitate their trading activities in a more efficient and productive solution.

Mitsui & Co.’s energy traders have been equipped with ITS.Netrix, BT’s latest generation multimedia desktop device, which is designed to maximise trader effectiveness and enable converged communication and collaboration across the trading room and the enterprise. BT has worked in partnership with local telecommunication companies to deploy Mitsui’s local area network (LAN) and IP Telephony system. In addition, BT partnered with multiple suppliers to build a complete voice trading infrastructure, installation and maintenance solution leaving Mitsui & Co. free to focus on other critical aspects of its operations.

Akira Kamosaki, Deputy Managing Director, Mitsui & Co. Energy Risk Management (Singapore), said: “BT is helping us to replicate the same successful trading environment in Singapore that we have in London and New York. We chose BT for their best of breed technology solution as they integrate and work remotely with our IT team in London, which gave us great confidence and trust in their ability to deliver on time and within our budget. We see our relationship with BT as a significant stepping stone in the expansion of our services across Asia-Pacific.”

Phil Mottram, Managing Director, Trading Systems, BT Global Financial Services, said: “We are very excited to be the partner of choice for Mitsui & Co. as they launch their Asia Pacific operations. Mitsui & Co. will benefit from an advanced and customisable trading floor strategy that will enable them to meet the growing demands of today’s trader. We are working closely with Mitsui to help them achieve success with their business vision.”

BT has currently 41% of the turret market share in Southeast Asia and with 15,000 ITS.Netrix that were deployed globally; BT is well underway to continue its growth across this region.