Barclays, JPM, NEX in $14mn round for voice trading on Cloud9

Cloud9 has completed a $14 million Series B raising, led by Barclays and including J.P. Morgan and NEX Group. Point72 is also listed as a partner on the firm’s website. The funds will be used for development and global roll-out of Cloud9’s SaaS-based voice communications platform, which provides a cloud-based replacement to traditional trading turrets; access to a growing pool of liquidity; interoperability with third-party systems; and real-time provision of high-fidelity audio, trading metadata and transcription.

In addition to its investment, Barclays will work with Cloud9 on the acceleration of its adoption across the industry. This follows JPMorgan’s earlier decision to onboard more than 2,000 internal traders and salespeople to Cloud9 as its primary tool for voice communication between the bank and its clients globally. The implementation of a cloud-based voice trading solution creates an interoperable community with the capability to integrate with numerous third-party applications and analytics providers.

Read the release

Related Posts

Previous Post
AFME and ISDA: loss of EU passporting after Brexit a threat to OTC derivatives, novation uncertain
Next Post
Finadium Big Ideas Quarterly Q3 2018 now online

Fill out this field
Fill out this field
Please enter a valid email address.


Reset password

Create an account