NEW YORK, April 22, 2016 /PRNewswire/ -- Last night Cloud9 Technologies LLC, a cloud-based voice trading communication provider for financial firms and institutional traders, received the honor of Best Sell-Side Trading Communication System at the 2016 Waters Technology Sell-Side Technology Awards. Steve Kammerer, Co-Founder and Chief Product Officer of Cloud9, accepted the award at the ceremony, which took place at the New York Marriott Marquis.
"Our team has worked tirelessly over the past two years to develop a secure, high-performance product," said Kammerer. "So it really is a great honor to get this kind of recognition from the industry and be distinguished as a leader in trader voice communications."
Each year, the Sell-Side Technology Awards recognizes leading technologies and third-party vendors in their area of expertise. Winners are determined by a panel of eight judges, consisting of four sell-side CIOs/Consultants and four of Waters magazine's senior staff members. To win the Best Sell-Side Trading Communications System, products must feature design simplicity, user-friendliness, high availability, support for simultaneous incoming and outbound calls, and voice recording.
With its flagship product, C9 Trader, Cloud9 differentiates itself in the field by providing an easy-to- use voice communications platform that is cost-effective, offers high-fidelity audio, end-to-end security, and a community of over 350 firms that enables users to easily connect with counterparties.
Built on WebRTC, a real-time communication protocol developed by Google and Amazon Web Services, the C9 Trader eliminates the infrastructure and expense associated with legacy turret systems for trader voice. By replacing traditional trader voice equipment (turrets) with an application that is easily implemented on a trader's desktop, it provides a high level of mobility and resiliency in disaster recovery scenarios, while meeting the most stringent regulatory requirements.
With more than 1500 new users added from January 2015 to January 2016, C9 Trader is currently used by more than 2,000 traders across 21 countries. Recent investments by J.P. Morgan, ICAP, and Barclays solidify the fact that Cloud9 is revolutionizing the way investors communicate across the industry. Its growth and global expansion in less than two years of operations have made it one of the top communication solutions for the sell-side.
"Since we started this company, we have been confident that we would revolutionize the way the financial services industry thought about communication," said Gerald Starr, CEO of Cloud9 Technologies. "This distinction validates that we are offering a not only innovative, but exceptional, product."
Cloud9 Technologies is a cloud communications service provider that delivers high performance voice and collaboration services designed for the unique needs of institutional customers. The company delivers its services from the cloud using software applications that leverages the Internet and advanced WebRTC technologies.
In the financial industry, Cloud9 connects counterparties across all asset classes via a cloud-based voice platform that features end-to-end security and encryption. Cloud9 eliminates the infrastructure and expense associated with legacy turret systems and telecommunication services for trader voice. Our customer base includes top brokerages, sell-side firms, and tier one banks. For more information, visit:www.c9tec.com.
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SOURCE Cloud9 Technologies