Winterflood Securities

Winterflood Securities: Leading market maker settles on an innovative solution

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BT SettleNET secure messaging helps Winterflood assure profitability under varying trade volumes

Playing it safe in securities

In global equities, communication is crucial during the entire execution cycle from pre-trade right through to settlement. When issues with an old messaging platform started to impact operations, Wayne Davies of Winterflood considered alternative solutions.

Moving to BT SettleNET would allow the company to use its existing BT Radianz Cloud network for resilient connectivity and so get rid of expensive dedicated circuits. Not only that, but flexible BT SettleNET pricing matches market volumes.

Now Winterflood has a more resilient and secure messaging platform that its traders can rely on, while also saving significant networking costs each year.

Winterflood SecuritiesWith BT SettleNET we’ve freed-up valuable resources, and settlement costs are now predictable, protecting our profitability.”
- Wayne Davies, Head of Networks and Infrastructure Winterflood Securities

Fast facts

  • Winterflood Securities processes some 47,000 trades every day
  • An old messaging system was failing and its commercial terms were inflexible
  • BT SettleNET links financial institutions with CREST, with a fixed price per 100 kilobytes of data
  • Network costs have dropped by two-thirds

Meeting financial market requirements

In an environment where time is money, Winterflood values a messaging system like BT SettleNet, which is fast, reliable and comes with a fixed pricing structure.

Security and compliance assured

Financial markets have a clear and consistent need for security and compliance. Both requirements are met by the BT-hosted platform used by Winterflood for messaging.

Helping reduce costs and cut problems

BT SettleNET is part of the BT Radianz Messaging portfolio, which allows Winterflood to take advantage of shared connectivity to reduce network costs, while cutting problems to zero over two years of use.

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