3rd October, 2013: Manama Bahrain - BATEC (Bahrain Advanced Technology W.L.L.) a provider of Unified Communications solutions, Convergence, Business collaboration and services, today announced that BBK, one of the leading and prominent Banks in the region has deployed Open Trade Systems, from Etrali Trading Solutions a partner of BATEC, to provide a state of the art Convergence and Trading Systems Solution & Services for their Trading and Dealing room requirements. BBK traders can now collaborate all of their resources and technologies with easy-to-use communications capabilities and interfaces across different applications, devices and from any location.
BBK has adopted a comprehensive solution from Etrali Trading Solutions and BATEC with the Open Trade Express Trading Solution as the core of its Trading Technologies Platform. Open Trade is the first intelligent trading communication platform combining voice, email; instant messaging and video for easy communication in the fast-moving financial market conditions.
"With the Open Trade System solutions from Etrali and BATEC, we can now meet the needs of enterprises and our customer's across the globe for high-definition voice and collaborations services. Our Traders now have a system that is reliable, stable, and intelligent and has the most effective and user friendly user interface akin to that of a smart phone that increases productivity of our personnel. Open Trade simply enhances productivity, reduces costs, and we are proud to always strive to apply the best the industry has to offer." commented Mr. Jamal Hijris, BBK General Manager - Support Group.
Open Trade is a pre-integrated solution for smooth deployment with a complete ecosystem. With its pure IP architecture, voice trading can now integrate cloud strategy and back-end can be localized in the network. It is also much easier and cost-effective to manage distant sites and turrets, with remote access and administration. Any Open Trade component can be managed as standard IT equipment and free seating is native.
"BATEC with ETRALI Trading Solutions is delighted to have successfully implemented Open Trade with BBK. With so much focus on regulation and transparency, BBK is now well placed to meet any current and future requirements in the fast moving highly regulated market. Also, the system architecture is completely flexible and integrates with rich ecosystems, reducing back end complexity and size. The smart turret is truly innovative and is ideal for banks looking to move to a unified solution quickly and with minimal disruption." said Brian James, Business Manager- Strategy, Planning and Development at BATEC.
Open Trade addresses resilience in an innovative and efficient way by eliminating a hardware centric central switch. Core communication services are now software-based and benefit from IP resiliency. Open Trade is a highly reliable system, running in a critical environment, which calls for high-system fault tolerance. Thanks to its flexible design, Open Trade can be directly integrated in customer Business Continuity Plans (BCP) to meet the regulatory requirements of financial markets.
Open Trade meets the mandatory high-demanding voice trading communication specificities: high number of simultaneous communications and line status sharing, presence management and perfect audio quality. Open Trade optimizes trader's reactivity, comfort and productivity as well as increases collaboration at the user, group and company level. Open Trade Smart Turret implements a customizable one-touch design: the contact directory at the trader's fingertips accelerates both communications and business.
Open Trade Store is the perfect trading application store offering specific applications to users such as traders, analysts and sales people. It brings the application portal model to the smart turret and adds a rich layer of trading and business applications to the desktop environment.
About Etrali Trading Solutions
Etrali Trading Solutions is a leading provider of convergent voice and electronic trading infrastructure and services for the financial communities. Employing over 450 people in major financial centers, the company is supported by a global partner network of distributors in 50 countries offering customers round the clock service. Founded in 1965, Etrali Trading Solutions (formally Orange Business Services - Trading Solutions) was acquired by The Gores Group, a private equity firm in 2013. With longstanding experience in the trading industry, the company brings innovative solutions and the highest quality services focusing on building long-term partnerships with customers. It provides optimized solutions over its dedicated trading network to a community of more than 2,000 network member organizations, encompassing buy-side and sell side institutions and trading venues. Etrali Trading Solutions also offers state of the art, flexible, unified voice trading solutions and compliance products including mobile recording and business continuity capabilities. Its next generation, award winning Open Trade turrets feature programmable user interfaces, touchscreens and instant messaging.www.etrali.com
About BATEC
BATEC- Bahrain Advanced Technology Co.W.L.L. Est. 1984, is a leading Value added ICT (Information Communication & Technology) solutions provider of: Convergence, Enterprise Networking, Enterprise Security, Enterprise Mobility, Data Center Technology and Platform collaboration products, services and solutions covering the Kingdom Of Bahrain, Kingdom of Saudi Arabia, Kuwait and Qatar.BATEC offers a product portfolio of technologies, services and solutions that are the best in their industry from globally reputed Vendors that integrate and compliment one another. www.batec.com.bh
About BBK
BBK has been the pioneer in Commercial Banking for over 40 years in the Kingdom of Bahrain. As a revolutionary market leader, BBK has built a name and reputation which is respected locally as well as internationally. To maintain this reputation, BBK has been at the forefront, incorporating the latest technologies to provide the finest services. One example of which is the e-banking solutions offered by BBK, which provide new generation services through its user friendly award winning website www.bbkonline.com, along with the telebanking, cash depository machines and automated teller machines services. BBK is proud to be honored for its Corporate Governance by the "Hawkamah Institute for the 3rd consecutive year. This award has become a prestigious, competitive and highly coveted bank award that highlights the industry's strong commitment to good corporate governance.
© Press Release 2013
