BT Global Services Appoints Howard Edelstein to Head New Business Unit Focused on Financial Industry; BT Global Financial Services to Combine BT Radianz with Trading Systems and Financial Solutions Groups.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- BT Global Services, a part of BT (NYSE NYSE See: New York Stock Exchange :BT), has selected Howard Edelstein, President & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of BT Radianz BT Radianz (formerly known as Radianz before being acquired by BT Group plc in 2005), is a secure financial extranet that connects worldwide financial institutions and stock markets together. , to head a new business unit within BT Global Services focused on serving the global financial industry. The new unit will combine BT Radianz, the leading global provider of financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. connectivity, with BT Trading Systems and BT Global Financial Solutions into a single market-facing vertical designed to be best of breed in the financial services industry. Edelstein will serve as President & CEO of BT Global Financial Services. Andy Green Wing Commander Andy D Green OBE BA RAF (born 1962), a British RAF F-4 Phantom and Tornado F3 pilot and Officer Commanding Operations Wing at RAF Wittering, is the current holder of the land speed record and the first person to break the sound barrier on land. , Chief Executive Officer of BT Global Services, said: "The decision to launch this new vertical flows out of the strategic thinking that lay behind our recent acquisition of Radianz. Meeting the stringent requirements of the financial industry in the 21st Century for B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business services will require a unique combination of market expertise and specialist technology skills. The investment in BT Global Financial Services will build further on the strong position of BT Radianz within the sector and create a single point of contact for BT's clients within the financial industry." BT Trading Systems is one of the world's largest suppliers of financial trading room systems. More than 60,000 traders in over 1,400 trading rooms across 51 countries rely on BT's sophisticated voice applications and integration technologies. BT Global Financial Solutions provides multi-million dollar IT outsourcing services to nearly 50 financial institutions worldwide. Larry Tabb, Founder & CEO of Tabb Group, said: "This announcement should not be a surprise. BT has a very significant global financial markets business and looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. a strong leader is a natural extension of that focus. Howard has years of industry experience and a very successful track record. Since joining Radianz two years ago, he's extended the business, raised its visibility, and built a successful business whose model is changing the way the industry thinks about connectivity and network-based services." About BT Radianz BT Radianz is the leading provider of secure, reliable, and scalable connectivity and hosting to the global financial services community. BT Radianz's shared market infrastructure offers a content- and application-neutral platform optimized for the time-critical demands unique to financial services. The BT Radianz network connects more than 10,000 financial sites around the world through a single, redundant, fully-managed connection - while also providing access to more than 170 pre-trade, trade, and post-trade applications from the world's leading content and service providers across its straight-through processing straight-through processing The direct exchange of cash and securities. Straight-through processing is a major objective for cross-border transactions that are generally much more costly to settle compared to domestic transactions. (STP STP or standard temperature and pressure, standard conditions for measurement of the properties of matter. The standard temperature is the freezing point of pure water, 0°C; or 273.15°K;. ) chain. BT Radianz is part of BT Global Services. One CommunityOne ConnectionOne Focus For more information, visit www.btradianz.com. About BT BT is one of the world's leading providers of communications solutions serving customers in Europe, the Americas and Asia Pacific. Its principal activities include networked IT services, local, national and international telecommunications services, and higher-value broadband and internet products and services. BT consists principally of three lines of business: --BT Retail, providing a comprehensive range of communications and related services to more than 20 million UK consumers and businesses. --BT Wholesale, providing network services and solutions within the UK to more than 600 fixed and mobile operators and service providers including the provision of broadband and private circuits. --BT Global Services, providing networked IT services to meet the needs of multi-site organisations globally. BT Global Services operates in more than 130 countries and also offers international carrier services. In the year ended 31 March 2005, BT Group's turnover was GBP GBP In currencies, this is the abbreviation for the British Pound. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 18,623 million with profit before goodwill amortisation, exceptional items and taxation of GBP 2,085 million. BT Group plc is listed on stock exchanges in London and New York. British Telecommunications plc (BT) is a wholly-owned subsidiary of BT Group and encompasses virtually all businesses and assets of the BT Group. For more information, visit www.bt.com/aboutbt. |
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