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

UC market grows past $500m mark

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

Avaya receives Canadian approval for Nortel buy

Firm expects transaction to be finalised before the end of the year 07 Dec 2009

Avaya wins $900m auction for Nortel corporate network business

Acquisition could pose a fresh challenge to market leader Cisco 14 Sep 2009

related whitepapers

today's top stories

Face facts: social media is the future

No organisation can afford to ignore the way business communications are changing 18 Mar 2010

Is the data watchdog about to pounce?

Experts believe the Information Commissioner’s Office is itching to use its new power to impose hefty fines for data breaches. Martin Courtney reports 18 Mar 2010

Lloyd’s of London gears up for regulation

CIO Peter Hambling tells Angelica Mari about how the insurance market has updated its IT infrastructure to comply with new regulations 18 Mar 2010

Protests greet new Digital Economy Bill amendment

ISPs, digital rights groups and Liberal Democrat supporters cry foul 05 Mar 2010

IT Leaders' Forum in association with IBM

A unique opportunity to hear from expert speakers and engage in a debate about the future of the CIO job function 29 Jan 2010

Advertisement

Keys to successful Service‐Oriented Architecture implementation

This white paper explores best practices and general design patterns for service oriented architecture (SOA).

The Roadmap to IT Maturity — Matching Strategy to Infrastructure for Business Success

This paper defines a roadmap for matching infrastructure strategy to business success.

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

NHS centralised data

NHS centralised data

Do you think the NHS can be trusted to safely look after personal data electronically?

View poll results

Latest audio and video articles

Video

HP unveils S Series notebooks

'Prosumer' line overhauled 01 Mar 2010

Web Seminar Listings

Preparing for enterprise-scale Windows 7 migration

The web seminar on 18 Feb will discuss how Windows 7 migration can increase IT efficiency in large enterprises, freeing up budgetary and personnel resources to focus on business innovation. Our panel of experts will examine the strategies, tools and services IT leaders can use to migrate successfully and reap the rewards of increased efficiency. 19 Feb 2010

Latest in-depth articles

Smiths Group CIO Brian JonesAnalysis

Q&A: Brian Jones, CIO, Smiths Group

How should conglomerates be looking at the new IT technologies coming through? Brian Jones explains. 19 Mar 2010

Analysis

What security strategy should enterprises adopt after the recession?

Act now to put your your firm on higher growth path advise CISOs 19 Mar 2010

Primary Navigation