FASTER.CLOSER.SMARTER - BT's financial technology services ezine

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21 November 2013
London, United Kingdom

News from BT Unified Trading and BT Radianz

Record, retrieve and archive

Industry regulation creates an ever-evolving landscape for financial markets. These regulations have an impact on the technology people use, and how they implement it. One particular regulation that is currently top of mind in the financial services world is mobile recording. We've seen a lot of developments on this front recently, and we are set to see even more over coming years – and in different geographies around the world. In the US, we are working with Truphone to provide solutions to help you remain compliant, regardless of where you're doing business.

Undoubtedly the global regulatory environment will continue to evolve – and it's quite likely that in the future, an audit trail of all forms of communication, and potentially even analysis of conversations using speech recognition systems might be required.

Wherever you locate your operations, BT provides solutions to record, archive and retrieve your communications – whether by voice, IM, email, SMS or video – and across any device, from desktop to mobile.

Robin Farnan, MD, BT Financial Technology Services, BT

Read more about our BT Unified Trading and BT Radianz portfolios, watch our videoor contact us to arrange an appointment.

In the spotlight

BT to market Truphone mobile recording service to help firms meet new financial market regulations in the US

BT has joined forces with global mobile operator Truphone to market a mobile recording service for mobile devices to support US firms' compliance with new financial markets regulations called for by the Dodd-Frank Wall Street Reform Act.

Under the "oral recordkeeping" requirement of the Act, all companies operating or doing business with an organisation in the US for certain regulated trading activities have to record all communications from mobile devices that lead to a trade. This information must be stored for a year in a retrievable format that can be easily searched, and includes conversations and data interactions made on mobile devices such as mobile phones and smartphones. Read more >

Read more about compliance commitments and the forthcoming deadlines: The clock is ticking... are financial services firms ready to meet their compliance commitments?

Visit the BT website, ask your account manager for more information, or Download the BT for Regulatory Compliance paper >

BT in the news

BT city fibre network launched in Paris

BT has launched a BT City Fibre Network (BT CFN) in Paris and its suburbs. Consisting of three fibre loops interconnecting ten data centres and covering the majority of business centres in the Paris area, it provides cost effective multiservice access at speeds up to multiple 10Gbps to the BT Connect portfolio of network services, which includes optical, Ethernet, MPLS IP VPN and Internet services.

BT employs 2,000 people in France where it operates three data centres, a network operations centre and a security operations centre. It already serves 400 clients including major French banks and provides a wide range of managed security services. Read more >

BT ranked on the InformationWeek 500 list for Top Technology Innovators in the US

BT has received a top accolade from US publication InformationWeek.

It has once again ranked on the InformationWeek 500 list for Top Technology Innovators, which features the top 500 companies who passionately seek to bring innovation to information technology.

BT was recognised for its Unified Communications innovations and its Hybrid Architecture Services which help customers bring UC investments together by overcoming the challenges of managing a multi-vendor UC environment. Read more >

Making great steps across the pond

Did you know that our technology underpins trading floor transformation for NYSE Euronext? Or that we serve 74 per cent of the Fortune 500?

Our 'Bringing it all Together' infographic enables you to discover more about us in the US and Canada. See it here >

Making global connections

Exciting announcement from BT and the CBOE Futures Exchange

CBOE Holdings Inc expanded trading hours for futures on the CBOE Volatility Index on Monday 28 October. Five hours and 45 minutes have now been added to the trading day in two stages, with the biggest chunk of extra time coming during European trading hours.

Volatility traders have eagerly anticipated the expansion of CBOE Futures Exchange, which allows European based customers to trade CBOE Volatility Index futures during their local trading hours.

BT and the CBOE Futures Exchange celebrated the announcement of the extended hours and the opportunity to connect locally to access one of the CBOE's flagship products at a cocktail reception on 14 November at BT Centre. Customers were given the chance to speak to the experts about the ability to connect to CBOE Futures Exchange via BT Radianz.

Aquis Exchange to offer access via BT Radianz Cloud

Aquis Exchange Limited, the proposed new pan-European stock exchange has entered into a new agreement with BT Radianz.

Under the agreement, BT Radianz will be the Exchange's preferred cloud connectivity supplier. Aquis members will be able to access the Exchange's trading platform via the BT Radianz cloud and its services will also be accessible to the thousands of members of the BT Radianz Cloud community globally. Aquis Exchange members will also be able to use the BT Radianz infrastructure to connect with Aquis Exchange's clearing partners using one resilient access point...Read more >

BT in the spotlight at the World Financial Information Conference

BT was a Gold sponsor at the World Financial Information Conference hosted by the Financial Information Services Division (FISD) in Lisbon, Portugal on 6-9 October 2013.

Michael Cooper, CTO BT Radianz at BT Global Banking and Financial Markets, moderated a roundtable discussion about big data. In a video interview with Inside Reference Data's Nicholas Hamilton he explains how financial firms are succeeding in bringing together diverse data sets and applying analytics to them.

BT futurologist Dr Nicola Millard spoke at the event about how collaborative technologies can make people more productive and organisations more efficient.

Read Nicola Millard's blogpost here or view her collaboration white paper here >

Name change for FIX Protocol

Since its launch 15 years ago the FIX Protocol has become the language of the global financial trading community. But now the non-profit industry standards body has announced it is to rebrand as FIX Trading Community and will launch an online user knowledge exchange designed to facilitate ideas exchange, collaboration and interaction between the organisation's member firms.

To find out more about FIX watch the video of The Chartered Institute for Securities & Investment (CISI) event: FIX – Standardising for operational efficiency hosted by Chris Pickles at BT Centre in June. In addition to his role as Head of Industry Initiatives, BT Global Banking & Financial Markets, Chris also chairs the FIX Trading Community global education and marketing committee.

Download the BT Radianz Global Fix Connectivity datasheet >

Download the BT Connectivity to Global FX Markets datasheet >

Read Chris's blog on ISO standards and open networks for corporate actions >

Let's Talk

Diamonds in the rough – what can the financial sector glean from Big Data?

Big data has been causing quite a stir, and most of us have heard of it being used in the context of banking and financial services. But why is it such a big deal? Are the supposed opportunities really there? Asks Emma Cadzow. Read more >

The shape of things to come for financial services

Recently, I was asked what I think the future holds for the financial services industry. Now, I might not have a crystal ball, but I do know one thing for sure; the future landscape for financial services has no room for outdated, legacy systems and technology, writes Robin Farnan. Read more >

Why should financial services institutions consider moving to a managed outsourcing model?

In this interview Fabrice de Windt, VP, sales & business development, Global Banking & Financial Markets, explains how Standard Life has benefited from an award-winning managed outsourcing model provided by BT. Read more >

Does regulation limit growth?

Luis Alvarez, CEO BT Global Services on why he believes that excessive regulatory restrictions can stifle growth in the financial sector by putting a dampener on the entrepreneurial spirit of banks. Read more >

Hiding security breaches has its price

The tradition of trying to hide security breaches in the financial sector continues today – but it's in the industry's interests to be open about the type of data that has come under attack and the scale of those attacks, says says Chris Pickles. Read more >

Banks beware – hacking 2.0 is coming to a mobile near you

Security teams within financial institutions are struggling with competing internal priorities, reduced resources and reduced budgets, while hackers can focus on one thing and doing that one thing very well. Read more >

Is microwave the hottest way to deliver speed to financial markets?

A new trend is catching the attention of the trading world: the microwave. Microwave technology can provide low latency connectivity because the propagation delay in air is some 30 per cent faster than in glass which makes it a superior medium to fibre and copper. Michael Cooper discusses the pros and cons of microwave. Read more >

ISO standards and open networks for corporate actions

Back in 2001 the Giovannini Group recommended that the securities industry must increase the efficiency of securities processing through the implementation of standards. That can be done most cost-efficiently today by using ISO standards across open and shared networks, argues Chris Pickles. Read more >

Smartphones: our new digital limb

The underlying catalyst of the consumerisation phenomenon is the extent to which smart mobile devices have become an embedded part of our daily lives, says Adrian Drury, Practice Leader. Consumer Impact Technology, Ovum. Read more >

A BYOD policy that works: solving the information and data challenge

There is no one size fits all BYOD policy. Each business has its own context, infrastructure and culture. Read more >

Cloud services offer a single solution to brands trying to break into Asia

Cloud-based technology could provide a single solution to the multiple problems facing brands trying to break into the Pan-Asia market. It can liberate companies from geographic constraints and fixed resources with applications and data held securely and remotely, but accessible anywhere. Read more >

Security, compliance and cloud

Security is a very big concern when it comes to cloud. And as a leading provider of cloud to the enterprise market we're proud that it's one of our main USPs. Read more >

Every streetwise CIO needs a Tech-savvy CEO

Luis Alvarez, CEO BT Global Services shared his experiences of being a CEO who was once a CIO at the recent Gartner ITxpo in Barcelona Read more >

How to build connections with virtual workmates

If connecting with a team member online takes more than one click, research has shown that informal encounters won't happen, and apps like instant messaging and video can be helpful... Read more >

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