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Voice Technology Perks Up Top Desks: System Lets Pros Stay Ahead in Fast Markets

Traders Magazine, April 2001

Peter Chapman

After years of false starts speech recognition is starting to make inroads into trading rooms.

Three of the largest equity trading desks now speak, rather than type, their instructions for indications of interest and trade advertisements. Goldman Sachs, Credit Suisse First Boston, and UBS Warburg use technology from Novato, Calif.-based UmeVoice to send out more messages and to reduce errors. Merrill Lynch is currently installing and testing the UmeVoice system.

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