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UmeVoice Infrastructure
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Benefits of the UmeVoice Infrastructure |
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Integration
Architecture |
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Technical
Specifications |
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2. Increase in Efficiency
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Designed around the "Say It, See It, Send It" paradigm, UmeVoice software has only one screen. |
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Transactions can be completed in seconds. |
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| 3. Fewer Mistakes
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Traders no longer have to talk to clients and type at the same time, or rely on assistants to enter information correctly for them. |
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The system corrects for context! For example, if the trader says a price which is outside of the range for that particular stock, the software will search for the closest sounding price that is within the price range. |
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The system is extremely accurate. A simple attachment to the trader's hand-set, The WolfTM cancels out the background noise of the trading floor, ensuring that only the trader's speech is analyzed. |
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| 4. Improved Trader-Client Relations
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| The Wolf, the device that cancels out background noise, also works when the trader is on the phone with a client. The clarity of sound for clients on the other end of the phone facilitates transactions, strengthening relationships and enhancing the brokerage's credibility.
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| UmeVoice chooses applications with and expected ROI for the client of at least $1 million per trading desk.
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| An ROI of at least $1 million is expected at new client with our initial application, indications of interest, for several reasons. In fast markets, the number and accuracy of trade advertisements often goes down. This reduction wastes time and results in lost opportunities. In contrast, the UmeVoice speech recognition infrastructure increases traders' efficiency and allows them to carry out more (advertising) transactions in a day. More trade advertising contributes to increased profits as well, as there is a clear (though not easily quantifiable) correlation between advertising and subsequent trades. |
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| Using UmeVoice's infrastructure to carry out tasks such as Indications of Interest, Order Entry and Routing and Retrieval brings numerous benefits to our clients. Note: UmeVoice currently begins each relationship with a low-risk application, Indications of Interest (IOIs) and the related activity, trade advertising. After UmeVoice for IOIs is installed and has been in use for a minimum of 3 months, other applications can be considered. |
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| 1. Integration and Ease of Installation |
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Our software integrates with current trade messaging systems. Our team customizes the application software to accommodate the trading platforms used by each client company. |
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The hardware integrates with a standard trading turret. |
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| 2. Short Training Period |
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The system is Speaker independent/Speaker adaptive, meaning each trader does not need to spend hours "training" the software to recognize his/her accent and manner of speaking. |
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Full integration with the systems currently in use at each client also dramatically cuts down on training time. |
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| 1. Ease of Use |
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The system understands trade jargon. For example, the trader might say: "Pepsi offer 200 at 38 point five seven client Fidelity." Or, "Knight Ridder small seller." Or "Raytheon offer then thousand at seven and a half." |
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The system is customizable: clients and symbols can be added or omitted from the lists for each user or a group of users at a firm. |
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The system allows the trader to use a single handset for both phone calls and communicating with the computer. The trader pushes a button on the handset to transition from talking with a client to talking to the system. |
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Trader interaction with the computer is modeled on a very simple paradigm: "Say It, See It, Send It." The trader simply pushes a button, speaks normally into their phone, glances at the screen to confirm that he or she has been understood and then sends the information with a verbal command (i.e. "Send message" or "Send"). |
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