Financial market firms using Totan’s brokerage services will continue to receive all current services but will also have access to the full range of voice trading technologies offered by BT. This new deal will provide Totan’s customers with cost-effective and easy access to any future innovative voice and data technology brought to the market by BT.
Kiyomi Saito, CEO of Totan IT, said: “BT is well-known for its expertise in networking, and we have enjoyed a long standing relationship with them. We have turned to BT as our preferred choice to take over the operation of our private network community voice trader services so that we can focus on support of our core brokerage activity. We will be working closely with BT to make sure that, together, we provide a seamless switch over for our customers.
“By connecting our existing voice trading services to BT’s worldwide network, we are leveraging BT’s investments in Japan and ensuring our customers have greater access to international investment opportunities both into and out of Tokyo.”
Tom Regent, president, global banking & financial markets and sales & marketing, BT Global Services, said: “We are pleased to be extending our relationship with Totan IT and look forward to providing its customers with the highest level of service. This type of agreement is underpinned by the investment programme we launched across Asia-Pacific two years ago and is a testimony to the impact of our renewed commitment to the Japanese markets. This deal adds a large number of significant Tokyo-based clients to our on-net Unified Trading community and bolsters BT’s commitment to strengthening our business there.”