Voice Trading Firm Cloud9 Raises $14 Million From Barclays, J.P. Morgan and NEX
- Cloud9 replaces traditional telephone-based trading hardware, aka turrets.
Cloud9 Technologies, a Cloud Cloud The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc Read this Term-based voice trading communication provider for financial firms and institutional traders, announced today the closing of a $14 million Series B fundraising with J.P. Morgan, NEX Group, and Barclays.
Cloud9 replaces traditional telephone-based trading hardware, aka turrets, the current mainstay of trader communications technology. Instead, the company’s platform delivers real-time voice communications while adhering to compliance and security standards required by financial professionals. Its service is end-to-end encrypted and supports voice chat as well as integration into 3rd-party apps.
Finance Magnates previously reported on Cloud9 after the firm announced a series A funding round from a consortium of financial institutions to help it expand its cloud-based voice trading communication solutions globally.
The service has over 5,000 institutional users in nearly 30 countries, according to a press release announcing the fundraiser.
“In addition to its investment, Barclays will work with Cloud9 on the acceleration of the Company's adoption across the industry. This follows JPMorgan's earlier decision to onboard more than 2,000 internal traders and salespeople to Cloud9 as its primary tool for voice communication between the bank and its clients globally,” it added.
The industry’s adoption of cloud technology
Cloud9 will use the funding to support innovation, accelerate the development of several products to meet demand by its customer base and expand the service offering into new markets.
Cloud9 connects counterparties across all asset classes via a cloud-based communication platform. The company believes that with increased adoption by the industry, it could save banks up to $1 billion in annual costs related to telecom equipment and services.
The rapid growth of Cloud9 since the company’s launch in 2014 has run in parallel with the industry’s adoption of cloud technology. Cloud9 exploited the opportunity to extend the platform’s benefits into areas such as workflow, compliance and advanced Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term.
Cloud9 Technologies, a Cloud Cloud The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc Read this Term-based voice trading communication provider for financial firms and institutional traders, announced today the closing of a $14 million Series B fundraising with J.P. Morgan, NEX Group, and Barclays.
Cloud9 replaces traditional telephone-based trading hardware, aka turrets, the current mainstay of trader communications technology. Instead, the company’s platform delivers real-time voice communications while adhering to compliance and security standards required by financial professionals. Its service is end-to-end encrypted and supports voice chat as well as integration into 3rd-party apps.
Finance Magnates previously reported on Cloud9 after the firm announced a series A funding round from a consortium of financial institutions to help it expand its cloud-based voice trading communication solutions globally.
The service has over 5,000 institutional users in nearly 30 countries, according to a press release announcing the fundraiser.
“In addition to its investment, Barclays will work with Cloud9 on the acceleration of the Company's adoption across the industry. This follows JPMorgan's earlier decision to onboard more than 2,000 internal traders and salespeople to Cloud9 as its primary tool for voice communication between the bank and its clients globally,” it added.
The industry’s adoption of cloud technology
Cloud9 will use the funding to support innovation, accelerate the development of several products to meet demand by its customer base and expand the service offering into new markets.
Cloud9 connects counterparties across all asset classes via a cloud-based communication platform. The company believes that with increased adoption by the industry, it could save banks up to $1 billion in annual costs related to telecom equipment and services.
The rapid growth of Cloud9 since the company’s launch in 2014 has run in parallel with the industry’s adoption of cloud technology. Cloud9 exploited the opportunity to extend the platform’s benefits into areas such as workflow, compliance and advanced Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term.