Trading-optimized phones still a key technology

In this era of rampant electronic trading, you would think that telephones, except of the BlackBerry variety, would be on the endangered species list. You would be wrong. The lowly telephone remains a key trading tool. Telephone turrets (or consoles) are a far cry form that thing we used to rely on to communicate. These days, they've got to be tightly integrated with the computer (calling up trading profiles when the phone rings for example) and highly functional. Increasingly, they are better integrating them into messaging systems and even order management software, notes Financial News Online. The top vendors are working hard to keep trading desks spending. Still, spending on telecom trading gear may decline a bit this year. As budgets tighten, the justification may get a bit harder.  

For more:
- here's the Financial News Online article