Education Technology

What Are Cloud-Based Trading Turrets?



Trading turrets are an essential part of the financial industry. A trading turret allows traders to make hundreds of transactions a day, including buying and selling stocks, bonds and other financial assets. Traditional trading turrets operate through phone systems with multiple handsets. But with advancements in modern technology, an increasing number of traders have turned to turret as a service (TaaS).

Unlike hardware-based services, TaaS operates on the cloud to make your business as flexible as possible. You can use a cloud hosted trader voice on multiple devices and work in just about any location. TaaS allows you to get more work done than ever before, satisfying your clients and maximizing your business’s profits. Here’s what you need to know about trading turrets in a cloud-based solution.

What Are Trading Turrets?

Trading turrets are phone systems that allow people in the financial industry to take multiple calls at once. Trading turrets have multiple handsets, speed dial, speakers, private lines and other features that can handle hundreds of calls. When you’re a financial trader, you need to make quick decisions so you can capitalize on market trends. Trading turrets for the modern financial industry allow you to buy and sell assets in a matter of seconds.

What is Turret as a Service?

TaaS offers alternatives to hardware-based trading turrets. With a hosted trader platform, the technology that you need is located in the cloud. This means you can access your trading turret anywhere. Work in the office, at home, in a hotel room or anywhere else that’s convenient for you. Can’t make it into the office one day? Work from home so you don’t miss any of the action. Once you invest in TaaS, you’re no longer tied down to phone hardware.

Our trading turrets and dealer board options come with everything you’d get from a hardware-based turret. This includes speed dial, private lines, dial tones, recorded calls and the ability to use up to 24 speakers. Some options come with specialized features like a hybrid touchscreen and keyboard. Instead of relying on several pieces of equipment, you can streamline your system into one convenient cloud-based turret.

Where Can You Use a Hosted Trader Platform?

You can use your trading turret anywhere that has a WiFi connection. You could also connect your trader turret to ethernet using a VPN or router. Once you’re connected, you can access the features through your laptop, tablet or desktop computer. This kind of convenience allows you to work virtually anywhere.

What if You Need Customer Support?

When you work with Market Communications, we offer support and maintenance for your hosted trader voice solution. We’ll help you set up the platform, learn how to use this new technology and keep everything running 24/7. Plus, you don’t need to invest in TaaS to talk to a member of customer service–we’re happy to answer your questions and help you find the right solutions for your business. Our years of experience enable us to help financial traders throughout the globe.

Why Should You Work with Market Communications?

This is what you get when you purchase our TaaS services:

  • Access to personalized customer service that maximizes your investment
  • Multiple hosted turret options that have the right features for your business
  • Products that are fully compatible with the Speakerbus iSeries and Red Box Recorders
  • Knowledge and experience from a company that’s been in business since 1998
  • The ability to quickly add more turrets as your business grows
  • A monthly fee for TaaS instead of a large investment

Want to learn more? Get in touch with us today for more information about TaaS.