Speakerbus, the leading provider of innovative mission-critical voice collaboration solutions for financial institutions, today announced that ADM Investor Services International Ltd (ADMISI), a full service multi-asset brokerage company, has chosen Speakerbus’ iTurret solution as its specialist voice broking platform in London.
ADM Investor Services has offices in Chicago, Hong Kong, Taiwan, Singapore, Mumbai and Gibraltar providing coverage in all markets.
Having chosen Cisco’s Unified Communications (UC) infrastructure, ADMISI needed an open voice solution which could be integrated with Cisco, to ensure that the company’s communications systems worked together seamlessly and efficiently. ADMISI chose the Speakerbus iTurret for its compatibility with the Cisco system as well as the flexibility and cost-effectiveness it offers.
ADMISI’s brokers execute derivatives contracts on behalf of banks, institutional investors, corporate, trade clients and high net-worth individuals. Speakerbus’ iTurret’s specialist telephony, hoot ‘n’ holler and private line access capabilities will enable ADMISI’s brokers to share information with colleagues and counterparties in real time.
With a client base across capital markets, commodities, hedge funds and brokerage sectors, the Speakerbus iSeries platform provides proven and compliant solutions for voice-based trading across multiple asset classes. Speakerbus enables organisations to replace legacy dealerboard platforms with a range of cost-effective, high performance, endpoint options, that are compliant, self-manageable, maximise investment in existing infrastructure and reduce private line leasing costs.
Patrick McCullough, Speakerbus CEO, said, “We are delighted to have ADMISI as a client, and to add them to our roster of clients in asset management. As the fastest-growing trading turret company, we are seeing more and more financial institutions having to wrestle with similar challenges to those at ADMISI. They are looking to replace costly legacy dealerboards and maximise their existing investment in UC infrastructure. The iTurret is designed to operate with the highest level of interoperability with Cisco and other leading UC platforms, to ‘best fit’ into an organisation’s existing communications infrastructure with ease and efficiency.”
Paul Weygang, Head of IT at ADM Investor Services International, said:
“Our legacy platform was no longer able to meet the business demands of our trading environment and the total ownership costs were too high. We have made a significant investment in a Cisco UC infrastructure and sought a dealerboard solution that would allow us to fully leverage this investment. The interoperability of Speakerbus’ iTurret with our Cisco platform enables us to achieve far greater flexibility from an operational standpoint.”
The 24 hour ADMISI FX desk brings together market access, products and services plus technical, fundamental, economic and on-desk trading expertise. The company draws on over a century of currency trading experience to deliver stability, continuity and the highest service levels in FX trading for major, emerging market and exotic currencies.
Based in the City of London, ASMISI offers tight, timely market fills on all FX trades. These include spot, forwards, EFPs and non-deliverable forwards for a variety of thinly-traded or non-convertible currencies including the Indian rupee, Russian rouble and Brazilian real, to hedge against stock, commodities and other products.