BT has built out its Netrix range of trading turrets with Netrix HiTouch, a turret that integrates with services delivered by the BT Radianz Cloud as well as with trading applications and market data. The turret is designed to support complex trading strategies requiring high touch collaboration and communication among traders, clients and counterparties, and complement low touch automated trading.
The turret has been built by BT from the ground up with software based on a Linux platform and open interfaces to support application and market data connectivity. Communication is underpinned by BT Unified Trading software and integration with BT Radianz Cloud provides high definition audio and video as well as access to trading apps and market data feeds. The Netrix HiTouch user interface takes cues from smartphone technology, supporting swipe and gesture interaction.
Tim Furmidge, head of product management for BT’s Financial Technology Services business, explains: “The huge rise in automated trading has made it harder to find investment returns, so complex strategies have emerged and they need more human interaction to find liquidity and collateral. Netrix HiTouch acts as a control centre for human interaction, integrates with apps such as order management and customer relationship management systems, and is tightly integrated with BT Radianz Cloud services. We see the need for high touch intervention to complement low touch automation on both the sell side and the buy side. In the past, our technology has appealed mostly to the sell side, but the collaborative tools we can now offer are also of interest to the buy side as it takes more control of trade execution.”
As well as supporting collaboration across multi-asset class execution strategies, BT Netrix HiTouch offers compliance with regulations requiring access to recordings of pre-trade conversations through its use of BT Unified Trading, which captures, records, archives and recreates trades.
BT Netrix HiTouch will not replace the previous BT Netrix Button turret, but is expected to attract more users on the basis of its extended services. The company has signed up its first customer, a central bank that is working through a beta project ahead of full production in August, and is running a controlled product release over the same period to offer general availability of Netrix HiTouch in August 2014.