CMC Markets
Online trader CMC Markets connects 13 offices with IP telephony

CMC standardises IP telephony software

Online trading specialist CMC markets is installing a new telephony system designed to meet FSA requirements and improve customer retention.

Written by Martin Courtney

The project was not intended as a cost savings exercise. . . It is more about having good telephony features around call routing

Ian Wright CMC IT infrastructure manager

Faced with the difficulties of managing 11 different IP telephony systems in 13 offices around the world, online finance company CMC Markets recently decided to simplify things by standardising on a single communications platform.

The first phase of the upgrade, based on Avaya’s Communication Manager IP telephony suite and integrated with CMC’s existing call centre applications, was performed earlier this year with the help of systems integrator Datapoint. The system will be used by dealers and technical service staff handling spread betting, contact for difference (CFD) and foreign exchange transactions.

CMC previously used a mixture of Inter-tel (since merged with Mitel) and Avaya telephony systems in its various offices, and found that some, including the one installed at its London office, were already working beyond their original capacity.

“The main driver was to standardise our telephony supplier and configuration in all of our offices, using our London HQ as a central hub and delivering failover and security on top of that,” says CMC Markets IT infrastructure manager Ian Wright.

Given the nature of CMC Markets' business, one of the key elements is the integration of Verint’s global voice recording system, designed to meet regulatory requirements in 15 different countries.

“When you are dealing with people’s money, regulatory bodies like the FSA require agents to record calls for audit and compliance requirements, but each country has different rules,” says Wright.

Employees will also be able to search customer details by date, time or call centre agent to speed up their response and call handling, something that could not be done with the previous telephony systems in place.

CMC briefly considered other IP communications software platforms from Siemens, Cisco and its existing supplier Inter-tel, but having existing expertise on an Avaya telephony system already in use at its Sydney office tipped the balance.

“The [Avaya] investment in the Asia Pacific (APAC) region was only two years old and would have been too big a write down,” says Wright. “No hardware upgrades were needed – it was just a case of making configuration changes to the underlying Cisco switching technology.”

The system will not be completely rolled out until 2010, but will eventually link 13 different offices in Europe, the US and Canada, and the APAC region and about 1,000 users across the globe. So far, all the European offices in Germany and Austria have been upgraded to use the telephony elements of the Avaya software, but the next stage will be to explore the options around unified communications that Avaya Communications Manager version 5 provides, such as online chat and skills-based routing that matches customer knowledge and language requirements with agents based in different regions of the world.

“What we are looking at now is how to connect our APAC systems, which luckily are Avaya, but at least one location needs a technology refresh to reach the standards we have set,” says Wright.

“We also need to start looking at the global call management and routing them through our London office, rather than through the APAC region.”

CMC says it does not expect to save money on call charges by installing the telephony system – rather it was after a best-of-breed software from a company that it could be sure would be around for some time to come.

“The project was not intended as a cost savings exercise, and Avaya is probably the most expensive system on the market,” says Wright. “It is more about having good telephony features around call routing – making sure they put through to the right person at the right time in order to improve customer retention.”

  • Have your say
  • Send to a friend
  • Print this
  • Share

reader comments

related articles

SIPCommunications

UK enterprise SIP deployment - still waiting for SIP services?

SIP promises to help firms reduce communication costs. So why has take up been so hesistant? 01 Apr 2009

 

Infosec 2009: Alcatel-Lucent launches secure VoIP solution

Comms giant combines VPN Firewall Brick and telephony platforms 28 Apr 2009

IBM offers unified communications in a box

Big Blue targets SME market with collaborative solutions 16 Jul 2009

ShoreTel squares up to market silverbacks

IP telephony specialist aims to cash in on others’ misfortune in bid to become one of the big boys 29 Jan 2010

Channel veteran Millett starts consultancy

Ex-Nortel, Avaya, Siemens and Inclarity man founds Equinox Business Consulting to offer VARs practical advice 25 Feb 2009

UC market grows past $500m mark

Infonetics Research claims worldwide unified communications revenue jumped 16 per cent in 2008 20 Jul 2009

related whitepapers

today's top stories

Police hunt for moles with security software

Lancashire Constabulary to monitor data input of 7,000 staff in bid to prevent intelligence leaks 09 Feb 2010

PaperlinX outsources IT and comms to Bull and BT

Paper company spends €22m on five-year deal for desktop management, helpdesk and datacentre services 05 Feb 2010

Social tools take KM to a new level

Technology expert David Tebbutt explains how – and why – organisations should integrate social networking tools into their knowledge management strategy 02 Feb 2010

EDS court defeat puts vendors on their guard

BSkyB’s victory in a long-running court case against EDS has serious implications for the IT industry 02 Feb 2010

Law firm monitors web traffic violations

Bucks declining global security appliance sales with unified threat management (UTM) platform deployment 01 Feb 2010

Advertisement

Security: The New Face of Intrusion Prevention
An outline of traditional IPS functionality, modern developments and how IPS can be deployed easily.

UK businesses’ attitudes to Cloud Computing revealed

Features results from a survey of over 200 Computing readers.

Advertisement

Keep up to date with the latest products, services and technologies from the world's leading IT companies; ITHound.com brings you over 6,000 white papers, case studies and analyst reports.

Advertisement

Newsletter signup

Sign up for our range of FREE newsletters:

More available - click 'submit' to view

Existing User

Newsletter user login:

Jobs

Related jobs

Job of the week

Job alerts

Sign up here

Find your next job

IT Salary Checker

Check salary here

Advertisement

Latest poll

Internet Explorer 6

Internet Explorer 6

Following recent concerns about the security of Internet Explorer 6 are you planning to phase it out?

View poll results

Latest audio and video articles

Tony McAlisterVideo

Video Q&A: Tony McAlister, CTO, Betfair - Part one

On changing the skills development strategy at the online gambling firm - part one of a two-part video interview 05 Nov 2009

Video

Nokia shows upcoming handset technologies

Mobile phone features of tomorrow take the stage 21 Oct 2009

Latest in-depth articles

Analysis

Police hunt for moles with security software

Lancashire Constabulary to monitor data input of 7,000 staff in bid to prevent intelligence leaks 09 Feb 2010

Businessman with eye patch, dagger and tie round head, sitting at laptopFeatures

Are you sure you're not a pirate?

It is alarmingly easy for an IT leader to unwittingly exceed the scope of a software licence, and the chances of being caught out have never been greater, as technology lawyers Mark Weston and Paul Gershlick explain 09 Feb 2010

Primary Navigation