Cloud9 and IPC Named joint Finalist for Best Cloud-Based Trading Environment in TradingTech Insight 2020 USA Awards
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By Emilia David, WatersTechnology
As head of product management at Cloud9 Technologies, Reeba Mathen is responsible for the firm’s entire product vision. With the strong performance of Cloud9 this past year, it is no wonder that Mathen has won the technology innovator of the year (vendor) category in this year’s Women in Technology and Data Awards.
NEW YORK, March 10, 2020 – Cloud9 Technologies (“Cloud9”), a leader in cloud-based communications, has partnered with Business Systems (UK) Ltd (“BSL”), a specialist in call recording and workforce optimization solutions, to provide more robust and legally-compliant cloud-based recording solutions for institutional traders.
Through the collaboration, Cloud9 and BSL can provide customers with a more comprehensive recording management system that features a sleek, easy-to-use dashboard for viewing data. Cloud9’s purpose-built communication and data digitization platform captures voice conversations of institutional traders that can be repurposed for regulatory reporting, monitoring and trade reconstruction via BSL’s optimization platform.
“Institutional voice recordings have historically been one of the most unstructured forms of data in capital markets,” said Jerry Starr, CEO of Cloud9 Technologies. “By partnering with innovative and well-established firms like BSL, we’re unlocking new avenues for voice data so that financial institutions can remain compliant while making more informed, strategic decisions.”
“Firms in today’s financial sector need to be able to repurpose their data in numerous ways,” said Richard Mill, Managing Director at BSL. “As the industry evolves, as do the needs and demands of our customers. The marriage of BSL and Cloud9 allows us to provide the technical capabilities necessary to stay ahead of these changes as they unfold.”
The core module provides reporting and portal view into one or more recording systems and can be seamlessly integrated into existing workflows, addressing rising infrastructure costs faced by financial institutions and incentivizing them to leverage voice data more effectively. It has the ability to ingest voice, SMS, and IM chat data.
About Cloud9 Technologies
Cloud9 Technologies is the leading voice communication and analytics platform designed for the unique needs of the financial markets. Cloud9 developed a solution that harnesses the voice communication talk path for the trading floor of the future – offering more functionality and analytic insight than legacy hardware at a fraction of the cost. Cloud9 connects counterparties across all asset classes via a cloud-based communication platform that eliminates the infrastructure and expense associated with legacy hardware and telecommunication-based solutions, with front-office focused data and transcription, purpose-built for the financial markets. For more information, visit www.c9tec.com.
About Business Systems (UK) Ltd
Business Systems (UK) Ltd specializes in providing workforce optimization technology solutions and today ranks as one of the industry’s most experienced and innovative providers of call recording platforms. The company’s expertise covers systems design, project management, implementation and ongoing service delivery-support. BSL is the UK’s largest and most established independent call recording specialist extending its global reach through specific associated partners. Founded in 1988, the company has built an impressive reputation for implementing complex projects on time and counts amongst its clients, institutions such as The Bank of England and Standard Life.
Paragon Public Relations
NEW YORK – March 4, 2020 – IPC, a leading provider of communications and networking solutions for the financial markets, and Cloud9 Technologies (“Cloud9”), a leader in cloud-based communications, announced today the launch of Disaster Recovery as a Service (DRaaS). The introduction of this state-of-the-art cloud-based offering for financial firms transforms the industry with a complete turnkey solution for voice trading disaster recovery. DRaaS is a SaaS service that allows traders to have ubiquitous access to a custom-designed virtual trading desk from any global location during an emergency.
“Political unrest, natural disasters, pandemic threats and a litany of other unpredictable events frequently jeopardize the most critical operations of traders,” said Bob Santella, Chief Executive Officer, IPC. “Continuous innovation is in IPC’s DNA and the launch of DRaaS, an industry first, is an example of us pursuing partnerships and constantly solving for some of the most pressing challenges facing financial market participants.”
“DRaaS, developed by our award-winning partnership with IPC, can protect your business’ most vital trading functions during a disaster,” said Gerald Starr, Chief Executive Officer, Cloud9. “DRaaS is transformational for the industry as all market participants can be empowered with a complete disaster recovery plan that requires little or no capital expense or infrastructure investment.”
DRaaS is underpinned by two award-winning solutions – IPC’s Connexus Cloud™ multi-cloud platform, a global ecosystem that interconnects more than 6,600 diverse capital market participants across 750 cities in over 60 countries, and Cloud9’s C9 Trader™ voice communications and analytics platform. DRaaS is agnostic to the customer’s existing voice technology and is designed to work with all trading systems and other endpoints. The annual DRaaS subscription model affords firms the ability to support any number of trading positions for their business contingency requirements through a plan customized for each trader’s configuration.
The DRaaS solution unites the best of IPC and Cloud9 technologies to address an underserved market requirement. Traders have access to the following voice trading features from any location during an emergency:
- Full-featured and customized soft turret interface on the user’s computer/laptop
- Access to all IPC trader voice services and trading counterparties
- Full voice recording and trading compliance
- Outgoing public switched telephone network (PSTN) calling
- Global intercom between all DRaaS users within the firm
- Global hoot & holler
IPC is a technology and service leader powering the global financial markets. We help clients anticipate change and solve problems, setting the standard with industry expertise, exceptional service and comprehensive technology. With a customer-first mentality, IPC brings together one of the largest and most diverse global financial ecosystems spanning all asset classes and market participants. As the enabler of this ecosystem, IPC empowers the community to interact, transact and react to market changes and challenges, and we collaborate with our customers to help make them secure, productive, compliant and connected. Visit ipc.com and follow us on Linkedin and Twitter (@IPC_Systems_Inc).
About Cloud9 Technologies
Cloud9 Technologies is the leading voice communication and analytics platform designed for the unique needs of the financial markets. Cloud9 developed a solution that harnesses the voice communication talk path for the trading floor of the future – offering more functionality and analytic insight than legacy hardware at a fraction of the cost. Cloud9 connects counterparties across all asset classes via a cloud-based communication platform that eliminates the infrastructure and expense associated with legacy hardware and telecommunication-based solutions, with front-office focused data and transcription, purpose-built for the financial markets. For more information, visit: c9tec.com.
Certain statements contained in this press release may be forward-looking statements. Any forward-looking statements are based on current expectations, assumptions, estimates and projection and involve known and unknown risks and uncertainties. Actual results may differ materially from any future results expressed or implied by these forward-looking statements.