Cloud9 Technologies Reaches for Perfection in Trader Voice Transcription
Monday,31/07/2017|09:41GMTby
Colin Firth
Cloud9 develops solution with quantify and Google Voice that will help to transcribe traders' voices within milliseconds.
Cloud9 Technologies, a Cloud communications service provider that delivers voice and collaboration services for institutional traders, has announced the development of a voice trading transcription solution which deciphers trader talk.
For a long time, traders' voices had been difficult to decipher due to their use of slang, their intermittent nature, and their use of difficult trading jargon. This is similar to the problem that is faced in highly specialised work environments like air traffic control, hospitals, etc.
But by using Google Open Source technology in collaboration with Quantiphi, the report says that Cloud9 technologies has been able to convert the complex trader voice into text. The company recently secured $30 million in funding and this development should please its investors.
German Soto Sanchez, Global Head of Corporate Development at Cloud9, said: “Today, PMs, traders, and analysts utilize only 5% to 10% of voice data for analysis - with Cloud9’s Voice Transcription Solution, they can now use 100%”.
The report goes on to add that a live demonstration was held among hundreds of representatives from major financial services firms and it was largely successful in converting all traders' voices, complete with jargon, into text in a matter of milliseconds.
Conversion of the voices into text within milliseconds is a challenge which many existing transcribing solutions have failed to crack. This development from Cloud9 will help a great deal in moving to an advanced stage as far as compliance, surveillance and trader voice Analytics goes.
Could9 believes that by pushing through with the adaptation of this breakthrough development, if and when that happens, the industry will be able to advance further in its quest for better compliance and trading standards which will only enhance the trading ecosystem as a whole.
Cloud9 Technologies, a Cloud communications service provider that delivers voice and collaboration services for institutional traders, has announced the development of a voice trading transcription solution which deciphers trader talk.
For a long time, traders' voices had been difficult to decipher due to their use of slang, their intermittent nature, and their use of difficult trading jargon. This is similar to the problem that is faced in highly specialised work environments like air traffic control, hospitals, etc.
But by using Google Open Source technology in collaboration with Quantiphi, the report says that Cloud9 technologies has been able to convert the complex trader voice into text. The company recently secured $30 million in funding and this development should please its investors.
German Soto Sanchez, Global Head of Corporate Development at Cloud9, said: “Today, PMs, traders, and analysts utilize only 5% to 10% of voice data for analysis - with Cloud9’s Voice Transcription Solution, they can now use 100%”.
The report goes on to add that a live demonstration was held among hundreds of representatives from major financial services firms and it was largely successful in converting all traders' voices, complete with jargon, into text in a matter of milliseconds.
Conversion of the voices into text within milliseconds is a challenge which many existing transcribing solutions have failed to crack. This development from Cloud9 will help a great deal in moving to an advanced stage as far as compliance, surveillance and trader voice Analytics goes.
Could9 believes that by pushing through with the adaptation of this breakthrough development, if and when that happens, the industry will be able to advance further in its quest for better compliance and trading standards which will only enhance the trading ecosystem as a whole.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
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🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
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Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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