OTC trading requires communications tools that can both meet strict regulatory compliance requirements and help reduce operational costs while increasing trade efficiency.
Green Key Technologies is a provider of VoIP software, recording, storage and analysis capabilities for the financial market. The company also offers an internal quote management platform for brokers designed specifically to facilitate block trading. Recently, the company announced the launch of Trader Voice Box, a suite of VoIP technology applications leveraging cloud telecom and storage capabilities.
"Financial markets communications are moving to hosted VoIP," said Anthony Tassone, chief executive officer of Green Key Technologies, in a statement. "We offer voice connectivity, recording, storage and analysis in the cloud, which represents a dramatic cost reduction for financial firms while enabling compliance and disaster recovery mandates to be met."
Trader Voice Box enables global financial market participants to rapidly set up and instantly speak on private, secure voice networks without hardware. To use this platform, users have to download and install software onto a user's PC from Green Key Technologies' cloud telecom infrastructure. Once complete, one-to-one, one-to-many or many-to-many encrypted channels can be created to route voice data securely and efficiently around the globe.
With Trader Voice Box, brokers and traders can rapidly set up multiple private voice communication channels without investing in any hardware solutions. Moreover, organizations can also take advantage of cloud recording, storage and analysis capabilities on the same platform, said the company.
This announcement follows just months after Green Key Technologies’ release of The Block Pool, a click-entry platform aimed at over-the-counter brokers executing off-exchange transactions. The platform is designed to aid private negotiation, aggregation and crossing of quotes, which can be routed to a central clearing house to be matched, cleared and made available for audit.
Edited by Blaise McNamee