Wall Street & Technology is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Infrastructure

10:57 AM
Connect Directly
Facebook
Google+
Twitter
RSS
E-Mail
50%
50%

Orange Business Services Launches First Mobile Recording Solution

By next year, traders will be required to record all mobile phone conversations related to trading, based on FSA announcement.

Orange Business Services announced the launch of the first mobile recording solution for traders, according to the company’s release today. Orange is preparing for the likelihood that next year, the current exemption on recording mobile phone conversations will be removed and all conversations related to a trade, including those on mobile phone will need to be recorded.

Orange said the solution is guaranteed to help traders get ahead and meet these new requirements when recording mobile phone conversations becomes necessary.

“We anticipated the regulations around mobile recordings were going to be strengthened in terms of recording especially after the recent FSA announcement and are proud to be the first provider that will allow traders access to these new mobility features, enabling them to get ahead and meet the compliance regulations,” said Caroline Ourion, compliance director, Orange Business Services – Trading Solutions, in the release. “We have worked very hard on the key functionalities of this solution according to traders needs and look forward to expanding the facility in the near future,” Ourion stated.

The new recording technology was developed in partnership with Voxsmart, the mobile recording specialist. In addition to meeting new regulatory requirements, this solution will provide companies with better resiliency against pandemics or disasters if business continuity plans (BCP) need to be put into action, and calls can be recorded if traders need to work remotely whilst still adhering to compliance regulations. Users will have the flexibility of not always needing to be in the office given the ability to work remotely through this solution, the release stated.

The mobile recording solution will initially be available on Smartphones and offers users automatic recording of all calls, instant messaging, SMSs and voicemail, wherever they are, globally. It is also turret, recording system and operator agnostic so can be used regardless of the network being used and is completely transparent to the user so that they are aware that the call is being recorded. The user also has the ability to switch off the recording facility if personal calls come in, but the call can still be tracked.

Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio

Register for Wall Street & Technology Newsletters
Video
7 Unusual Behaviors That Indicate Security Breaches
7 Unusual Behaviors That Indicate Security Breaches
Breaches create outliers. Identifying anomalous activity can help keep firms in compliance and out of the headlines.