Merrill Lynch picks VOIP-powered trading systems

London, New York and other floors around the world to go VOIP

Merrill Lynch has selected IPC Systems to provide advanced voice over IP (VOIP) trading systems in a global deal.

The contract -- for an undisclosed sum -- will see IPC install nearly 4,000 of its IQ/MAX trading desktops on Merrill Lynch's two largest trading floors in New York and London, and on other trading floors around the world.

The VOIP-powered digital system will be implemented in early 2008. IPC will also provide four data centers for the finance giant in London and New York.

Tony Kerrison, Merrill Lynch's chief technology officer for global technology infrastructure, said the IPC system offered "what matters most to our traders: efficiency, dependability and user-friendliness". IQ/MAX would provide reliable and collaborative trading floor communications.

Merrill Lynch is one of a group of financial institutions backing the launch of the Turquoise pan-European equity trading platform. The launch of Turquoise had been due this month, but has been delayed until early 2008 by complex negotiations over the technology that will drive the new venture.

Earlier this year, Merrill signed a deal making it the biggest user of Salesforce.com's on-demand customer relationship software. The hosted application is set to be rolled out to 25,000 staff.

Join the PC World newsletter!

Error: Please check your email address.

Struggling for Christmas presents this year? Check out our Christmas Gift Guide for some top tech suggestions and more.

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Tash Shifrin

Computerworld UK

Most Popular Reviews

Follow Us

Best Deals on GoodGearGuide

Shopping.com

Latest News Articles

Resources

GGG Evaluation Team

Kathy Cassidy

STYLISTIC Q702

First impression on unpacking the Q702 test unit was the solid feel and clean, minimalist styling.

Anthony Grifoni

STYLISTIC Q572

For work use, Microsoft Word and Excel programs pre-installed on the device are adequate for preparing short documents.

Steph Mundell

LIFEBOOK UH574

The Fujitsu LifeBook UH574 allowed for great mobility without being obnoxiously heavy or clunky. Its twelve hours of battery life did not disappoint.

Andrew Mitsi

STYLISTIC Q702

The screen was particularly good. It is bright and visible from most angles, however heat is an issue, particularly around the Windows button on the front, and on the back where the battery housing is located.

Simon Harriott

STYLISTIC Q702

My first impression after unboxing the Q702 is that it is a nice looking unit. Styling is somewhat minimalist but very effective. The tablet part, once detached, has a nice weight, and no buttons or switches are located in awkward or intrusive positions.

Latest Jobs

Shopping.com

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?