JonesTrading Selects Wesley Clover Solutions for Unified IP Communications Solutions
Technology Focused Institutional Broker-Dealer to Rollout Unified Communications and IP Trading Turret Platform Linking More Than 200 Professionals in all US Offices
New York, NY – January 29, 2013 – Wesley Clover Solutions, a leading provider of IP communications products and services for financial trading firms, today announced that JonesTrading Institutional Services LLC has selected the Wesley Clover Solutions integrated IP communications platform for all of their US offices. The solution will leverage the existing JonesTrading MPLS backbone, enable simple, centralized system monitoring and management and provide a scalable, robust voice equipment infrastructure for more than 200 employees, including trading floor staff.
Founded in 1975 and headquartered in Westlake Village, California, JonesTrading is a broker-dealer focused on executing large orders from institutional clients. JonesTrading maintains active relationships with approximately 1,200 clients through a network of traders located in offices throughout 21 major US centers.
“Firms like JonesTrading see an opportunity to increase productivity, decrease costs and provide a full resilient system platform to support all of their offices,” said Al Pigliacelli, Senior Vice President of Sales for Wesley Clover Solutions. “Our system, utilizing the Mitel IP-based communications platform, optimizes communication and collaboration for staff on a single, platform that offers an array of IP trading desktops, IP phones and software-based unified communications, conferencing and mobility applications.”
Wesley Clover Solutions provides an all IP software-oriented and server-based system. It enables firms dealing in capital markets to significantly reduce space and power requirements, virtualize voice applications, assure business continuity, easily open new offices and connect remote workers, and leverage their enterprise IT infrastructure while conforming to corporate policy and regulatory mandates.
“By providing the latest IP technology, Wesley Clover Solutions meets the requirements of our staff across all business activities, for a timely flow of information between all of our US offices,” stated Jack Garceau, Chief Technology Officer of JonesTrading. “Their years of experience with financial trading firms and national support presence helped us to reduce our communications costs and operational risks.”
As Mitel’s exclusive US partner for the capital markets sector, Wesley Clover Solutions enables customers to reap the benefits of a single, scalable communications platform that supports the unique requirements of trading floors, executives, analysts, investment bankers and the back office in multi-location enterprises.
About Wesley Clover Solutions
Wesley Clover Solutions designs, sells, installs and maintains IP communications platforms for financial trading organizations, global enterprises and command and control centers. Wesley Clover Solutions meets the growing demand for expertise in managing the transition from Legacy to IP voice communications solutions while reducing risks, complexity and costs. The Company’s flagship Crossover Series of IP Desktop Trading Platforms blends the instant communications capability of trading turrets with a comprehensive suite of enterprise voice applications including presence-enabled unified communications, collaboration and messaging in a single, scalable, platform.
About JonesTrading Institutional Services, LLC
JonesTrading Institutional Services LLC is one of the oldest and largest pure execution-only equity trading firms in the U.S., and a worldwide leader in block trading. Since 1975, the sole focus of JonesTrading has been creating liquidity for institutions. The ability to provide a secure, trusted platform connecting a diverse group of market players enables the firm to unlock liquidity, providing best-quality execution for larger and more complex trades.
Wesley Clover Solutions Contact:
Senior Vice President of Sales
JonesTrading Institutional Services LLC Contact:
Chief Technology Officer