Tullett Prebon, Tradition Among First on GreenKey's Design Partner Program

The program also features seven tier-1 banks and several global exchanges.

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Telephony-platform provider GreenKey has launched a new development program, dubbed the Design Partner Program, which aims to create common standards for workflows and use cases for the vendor's voice-driven technology.

The program is being led by interdealer brokers Tullett Prebon and Tradition and it will also include feedback from seven tier-1 investment banks, according to a statement, as well as "several" global exchanges. Members will work to create workflows that utilize GreenKey's speech recognition capabilities and voice-user interface (VUI), which allows users to interact with their computers to populate trade tickets or create pricing whiteboards, for example.

Design Partners will also look to build avenues for voice collaboration, instant messaging capture and speech recognition for voice-driven workflows.

"Hybrid voice is at the heart of our business," said David Perkins, managing director of electronic broking for Tullett Prebon, in a statement. "The ability to transcribe voice communications into secure, recorded usable data in real time is highly beneficial. We are strongly supportive of GreenKey's open and integrated model which helps us comply with changing regulations in the US, Europe and elsewhere globally."

Daniel Marcus, global head of strategy and business development for Tradition, noted in a statement that they use GreenKey to help stay compliant with new regulations and to provide multiple asset-class execution coverage via any medium. "GreenKey's cutting-edge technology that incorporates flexible, open, integrated instant message aggregation, recording and voice transcription will play a key role in enabling Tradition to satisfy our strategy on a global basis," he said.

GreenKey's CEO, Paul Christensen, added that this latest launch will help to establish voice protocols for quote- and trade-capture applications, "which are particularly important in Europe for MiFID II compliance," he said in a statement.

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