[November 18, 2009] Digium Partner EUS Creates Asterisk-based Trading Communications Platform Tweet Nov 19, 2009 (Close-Up Media via COMTEX) -- Digium announced that telephony integration partner EUS Networks has completed and deployed an Asterisk-powered IP telephony solution for trading room floors for a hedge fund client in the asset management industry. The solution includes Digium's Asterisk Business Edition, the enterprise-grade version of the open source telephony software, and trading turrets from IP Trade Networks. Digium reported that the new system gives the customer, a hedge fund, advanced call-control functionality, including the call recording capabilities required by Sarbanes-Oxley, the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA); disaster recovery; the cost advantages of voice over IP (VoIP); and the ability to keep using existing hardware and phone sets to save money. Asterisk is a widely used open source telephony platform and toolkit. Its feature set and standards compliance empower developers and systems integrators to create advanced communication solutions that can be customized to meet the specific needs of a business. Wall Street firms have long been recognized for their work with open source products and technologies because they can be customized in ways that proprietary alternatives cannot. The EUS system delivers these benefits at a fraction of the cost of a turret system that uses proprietary software. "With the customer's previous system, the staff of 50 traders fielded nearly 200 calls daily with each trader managing an average of six to eight calls simultaneously," said Jeronimo Romero, CTO, EUS Networks. "It took one day for EUS Networks to configure the trade turrets over Asterisk and within once month of the deployment, the firm reported reduced operational costs, enhanced customer service and greater employee productivity." "Financial services firms are good shoppers--they're the last to throw money away on expensive technology when there's an alternative," said Leslie Conway, vice president of global marketing for Digium. "The solution that EUS created gives their customer all the features of a phone system that would cost hundreds of thousands of dollars, and saves them additional money by letting them keep phones and other system components that they didn't want to replace. This sort of application is a great example Asterisk's ability to add value to an existing telephony infrastructure in a way that delivers fast ROI and that doesn't require upheaval to the rest of the phone system." ((Comments on this story may be sent to [email protected])) [ Back To TMCnet.com's Homepage ]