Financial markets in the money with cloud-based collaborative services

New York Stock ExchangeBT has revealed plans to network the global financial community with the launch of its collaboration suite for financial markets.

Unveiled at an event at the New York Stock Exchange, the new services offer customers a powerful set of cost-effective cloud-based services that can be tailored by financial organisations for their own needs. .

It includes a next-generation range of voice and collaboration services enabling financiers to communicate and trade via multiple communication channels. All the services are brought together on a single ‘dashboard’ that can be viewed via the desktop or mobile devices.

Said Andy Nicholson, president, global banking & financial markets, BT: “Our new collaboration suite helps market participants face unprecedented market challenges – and opportunities.

“The option of new commercial models offers flexible “pay-as-you-go” type contracts and cloud-based technology that can be easily scaled up and down which addresses budget constraints.

“Plus it doesn’t require a rip-and-replace of current technology as this new service is compatible with existing infrastructure and the end-user enjoys the familiar look and feel of their existing and trusted interface,” he said.

The new cloud-based suite of services also enhances regulatory compliance by giving firms greater tools to help them comply with increasingly stringent regulations.