Activa Solutions, the UK arm of CyberTech International, has announced that its latest voice and data recording solutions are fully compliant with the new FSA regulations, which are due to come into force from March 2009. This technology will enable firms to meet the new regulations which require all telephone conversations relating to client orders for the equity, bond and derivative markets to be recorded and securely stored for six months.
According to Paul Manyweathers, Managing Director of Activa Solutions: “We can provide financial institutions with future-proofed recording solutions that exceed all current and proposed FSA regulations aimed at combatting insider trading and manipulation of markets.”
Activa actually exceeds FSA requirements by not only recording all transactions carried out over fixed telephones including VoIP, but also by providing one of the first effective solutions for the recording and storage of mobile phone communications without having to input prefix numbers. It will give traders greater flexibility as to how and where they talk to clients and will enable them to better meet the demands of fast moving markets.
The technology also provides faster access to recorded calls by automating the authorisation process and delivering instant call retrieval and replay to the workstation without having to wait for tapes or disks to be manually located and loaded onto a playback unit. After identifying the specific recording from their workstation, traders gain a replay of the full recording, subject to user rights and permission. The authorisation process is fully documented with a complete audit trail of every event.