Voice-to-text software touted as Mifid II quoting fix

Quotes given over phone can be transcribed and broadcast, claim ‘soft turret’ firms

risk-0916-phone-trading-web
Off the hook: traditional phone technology could be replaced by browser-based methods

Until a few months ago, Paul Christensen and Germán Soto Sanchez were doing similar jobs at rival banks. Today, both men are doing similar jobs at rival technology companies. Their aim is to replace a trading desk's souped-up phone console, or turret, with cheaper, browser-based software. But it's not just about cost.

The firms plan to offer speech recognition and transcription tools that will automatically convert voice into text in real time – the best way to satisfy new rules on

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: