Proteus Trader

Proteus® Trader

Proteus® Trader combines call detail record analysis of your Trader Voice platform (private lines, turrets and traders) with your internal and external telephony platform. It monitors calls for cost analysis and cost allocation, security, compliance and asset tracking, and interfaces with all trading platforms (IPC, BT ITS, Etrali, Speakerbus, Siemens, etc.), and over 100 PBX.

PROTEUS® TRADER

  • Call Accounting solution specifically for trading floors
  • Identify, track and analyse data from any trading system for private wires, turrets and traders
  • Track assets using the private wire inventory
  • Attribute call costs and line rental directly to departments or individual traders

SMARTRECORD®

  • Records PBX, cell and Trader systems through one system
  • Helps firms meet regulatory compliance
  • Carrier-grade architecture for high availability and resilience
  • High levels of security through encryption, digital fingerprinting and multi level account types

SMARTLISTEN

  • Phonetic-based speech recognition system
  • Capable of sampling your entire call store, not just selected recordings
  • Indexes in real time and automatically categorises at call termination
  • Build multiple complex search terms to identify specific calls by their spoken content and change the search terms at-will without having to re-index calls

The Dodd-Frank Wall Street and Consumer Protection Act is a federal statute signed into law by the Obama administration that is the largest overhaul in financial regulations since the Great Depression. These regulations mandate that financial institutions keep all records of trading activity on their premises with easy accessibility.

The record-keeping rules outlined in the Dodd-Frank Act come down to 3 main regulatory requirements:

1. All communication between parties must be recorded
2. Must be able to reconstruct trades as they happened
3. All communication amongst the parties are to be monitored by the same rules

The rules in regards to call recording state that recordings must be maintained in a searchable format for a period of at least one year, on the premise of the organization, and must be able to be retrieved within 72 hours. Dealers are required to establish and maintain a system to supervise all business activities, including the record-keeping of the following media types:

  • Telephone
  • Voicemail
  • Facsimile
  • IM
  • Chat
  • Email
  • Mobile
  • Digital or Electronic media
Proteus® Trader - The Call Accounting solution specifically for trading floors

Proteus® Trader - The Call Accounting solution specifically for trading floors

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Penalties for Non-Compliance

Compliance reports must be submitted to the U.S. Securities and Exchange Commission (SEC) annually

Fines are placed on a subjective basis:

Tier 1 - $5,000/day for violating a rule.

Tier 2 - $25,000/day for reckless violation of the law

Tier 3 - $1,000,000/day for purposefully violating.