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News : Linx-Networks Teams with VoxSmart
London, July 16, 2015 -- Floor systems integrator, Linx-Networks, is to work with mobile call recording providers, VoxSmart, to provide trading hubs and solutions that meet the tough new European-wide trading regulations called MiFID II.
The new regulations, which become compulsory from January 2017, determine that all a trading organisation’s calls – fixed and mobile – and other electronic communications relating to its trading business, must be recorded and stored for at least five years. The new rules apply to more organisations and types of communications than the UK’s existing FCA regulations that they will effectively replace.
VoxSmart CEO, Oliver Blower, himself a former City trader, said the new rules demand fully integrated solutions involving IP-based telephony, mobile calls, internet and text messaging with immediate on-site storage, cloud-based back up for long-term archiving, and highly searchable data fields for easy retrieval. Blower has led the development of VoxSmart’s new VSmart™ solution to be able to deliver against the toughened regulatory regime.
Linx-Networks CEO Gareth Malone added: "Because the VSmart solution is also built to take advantage of IP telephony calling, it makes for a powerful partnership with our own IP-trading turrets and communications networks. The mobile recording set up is instant, there is compatibility with all mobile networks, and a great range of handset choice. We are certain that the integration with our solutions will deliver a market-leading, all encompassing, compliant call recording service that proves popular with the traders and the regulators."
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Telecommunications service provider
Founded in 2006 and headquartered in the heart of the City of London, Voxsmart is the leading provider of applications to record mobiles for regulatory compliance. Voxsmart’s solutions have been deployed to more than 10,000 traders globally and provide a secure, cost effective and reliable service that is easy to use, manage and deploy.
Published: Monday, July 20, 2015