BT Supports NYSE Next-Generation Trading Floor Project

NEW YORK, Sept. 14 /PRNewswire/ -- BT today said it has played a key role in the ongoing next-generation trading floor project at the New York Stock Exchange (NYSE) by upgrading technology available to traders and specialists.

As part of the NYSE upgrade, BT is providing Internet protocol (IP) networking technology and the latest trading technology to NYSE member firms, offering them a broad product suite to choose from.  For the first time, member firms now have the ability to customize their own trading booths on the exchange floor with the equipment that best suits their individual needs.

The products and services offered are part of BT's Integrated Trading Systems (BT ITS) Voice Trading Platform, which supports voice, video, IM, email and other applications across a range of devices and communications standards.  

Howard Boville, head of capital markets and trading communications, BT, said: "NYSE member firms have enthusiastically embraced our product suite.  They like the flexibility the platform provides, the way they can customize it to suit their needs, and its potential cost savings.  For our customers, this is the future delivered.

"Customers also appreciate BT's managed service approach, which provides them the technical expertise and support they demand so they can focus on their business, not the underlying technology.  In fact, as more NYSE member firms put their trust in BT for their critical trading communications, they are also looking to BT to supply their broader networked IT needs."

Louis G. Pastina, executive vice president, NYSE Operations, said: "BT has been an outstanding partner on this project from the planning stages right through implementation.  The NYSE has invested in upgrading its trading floor and network as core components of the marketplace, and in parallel, BT has invested in enhancing its product offerings for NYSE members.  The combined result is greater capabilities for our members, which is helping to create growth among current market participants as well as attracting new participants."  

Lance Baraker, a senior managing director of TradeStation Prime Services, a division of TradeStation Securities, Inc. (Member NYSE, FINRA and NFA), said: "BT's ITS.Netrix, an advanced telecommunications system, gives us features and flexibility we need to better serve our customers.  By providing this system, BT has shown that it understands what NYSE-floor members like us need to help improve the quality of our services to the next level."

BT is one of the world's largest suppliers of trading communications systems.  Specific offerings available to NYSE member firms include:

• BT ITS.Netrix, a complete multi-media trading system that supports voice, video and data.
• BT ITS Anywhere, which extends access from the ITS platform to a range of devices including the web and mobile devices, while maintaining ITS' central call recording functionality for regulatory compliance.
• BT ITS Recorder, BT's reliable voice recording system for capturing, indexing and retrieving customer/caller interactions for front and back-office environments.
• Private wires for instant and secure point-to-point communication.

For further information

Enquiries about this news release should be made to the BT Group Newsroom on its 24-hour number: 020 7356 5369. From outside the UK dial + 44 20 7356 5369. All news releases can be accessed at our web site: http://www.btplc.com/News.

About BT

BT is one of the world's leading providers of communications solutions and services operating in more than 170 countries.  Its principal activities include the provision of networked IT services globally; local, national and international telecommunications services to our customers for use at home, at work and on the move; broadband and internet products and services and converged fixed/mobile products and services.  BT consists principally of four lines of business: BT Global Services, Openreach, BT Retail and BT Wholesale.

In the year ended 31 March 2010, BT Group's revenue was 20,911 million pounds Sterling.

British Telecommunications plc (BT) is a wholly-owned subsidiary of BT Group plc and encompasses virtually all businesses and assets of the BT Group.  BT Group plc is listed on stock exchanges in London and New York.  

For more information, visit www.bt.com/aboutbt.

SOURCE BT