IPC & GreenKey Technologies co-develops Dictation as a Service

By Pavithra R

IPC, a technology and service leader that powers financial markets globally along with GreenKey Technologies, a provider of an end-to-end platform for natural language processing (NLP), has announced the launch of a new managed voice trading dictation solution: Dictation as a Service.

Dictation as a Service combines GreenKey Technologies’ cloud-based speech recognition (automatic speech recognition) and NLP engine with IPC’s Connexus Cloud financial ecosystem. It provides a simplified way to integrate NLP while Connexus Cloud provides the infrastructure to scale. The service enables financial traders to “dictate” trade jargon via a dedicated IPC private wire, and consume the output transcribed in real-time via GreenKey’s and IPC’s co-developed Blotter visualization application.

Utilizing the Blotter application, Dictation as a Service provides an end-user solution for converting unstructured voice trade data into a searchable, exportable structured data format in real-time. Dictation as a Service is platform-independent and supports Unigy solution, third-party trading communications systems, and PBX users.

“Timely communication is critical for traders. The combined capabilities of IPC and GreenKey empower traders to take advantage of state-of-the-art speech recognition technologies to create workflow efficiencies,” said Bob Santella, Chief Executive Officer, IPC.

Members of IPC’s financial ecosystem can leverage Dictation as a Service for:

• Driving efficiencies in voice trading workflows
• API integration to premier chat services
• Creating automated text records of voice trades
• Providing a trader’s consolidated daily tape
• Searching through structured voice data to reconstruct trades
• Supporting internal and external regulatory compliance requirements

“Our collaboration with IPC continues to provide traders with the necessary tools for success. Much like Blotter, this industry-first solution will enhance trader productivity by providing unparalleled NLP capabilities,” said Anthony Tassone, Chief Executive Officer, GreenKey Technologies.

Recently, Vela & IPC announced market data partnership, leveraging cloud for market data.

Established since 1973, IPC is a technology and service leader powering the global financial markets. It helps clients anticipate change and solve problems, setting the standard with industry expertise, service, and comprehensive technology.