Banks and brokers automate voice broking

A group of banks, brokers and technology firms have launched an online post-execution messaging service in an attempt to make voice broking more efficient.

The Trader Notification Service Consortium aims to bring straight-through processing to voice broking on all asset classes. This means clients will use a standard technology system, which the companies say will be cheaper, quicker and reduce errors through cutting out much of the manual processing.

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