Orange Business Services - Trading Solutions, the leader in voice and electronic trading infrastructure and services for the trading communities, today announced a strategic partnership with Market Communications, the largest third-party provider of turret hardware and maintenance in the US.
The partnership will see Market Communications become a direct distributor of Trading Solutions' turrets including the next generation, multimedia communications platform, Open Trade in this growing region.
Under the partnership, Market Communications will provide end-to-end services to US clients including the sale and maintenance of Trading Solutions' Open Trade, launched last year. Having traditionally sold and serviced end-of-life products, Market Communications has seen a change in market demand. The company is keen to respond to customer requests for modern server based smart turrets, like Open Trade, which reduce back-office real estate and offer unified communications capabilities including SIP (Session Initiation Protocol) and IP services.
"We chose to partner with Orange Business Services - Trading Solutions because we wanted to present our clients with a new, innovative platform which boasts advanced capabilities. As a leader in cutting edge technology for the financial services industry, the company was a natural choice for us", said Kevin Clifford, vice president of operations at Market Communications. "Open Trade is a slick model and as firms increasingly look to move away from traditional hardware, we are moving to the next level, providing our customers with market leading technologies that are built for the future".
Jerry Mattiace, vice president, North America at Orange Business Services - Trading Solutions said, "We are very excited about this partnership as it presents us with an opportunity to make a broader push into the US and boost awareness of our brand. With a proven track record, Open Trade is already installed on several trading floors across the globe and this is an excellent opportunity to capture increased market share. We look forward to building on our relationship with Market Communications, leveraging our synergies to create a broader service organisation in the market".
Open Trade is designed to be a personal trading assistant, offering reliable contact and presence management. An intuitive touch screen makes it easy and speedy for traders to use, ensuring a competitive advantage in today's challenging markets. Deployment is fast and the system integrates seamlessly with compliance solutions such as voice recording.