Over 20 years
AVT was set up to offer a cost-effective, independent alternative for clients requiring voice services for trading floors and dealing rooms in the City. AVT has been at the forefront of developments in transaction and voice technologies, including VoIP.
Actively trading since 1988, AVT enjoys strong, long-term relationships with many of the City's major players. Our business success is based on sound technical knowledge combined with a flexible approach and a rapid response in the changing regulatory landscape.
AVT Timeline
1988: Founded by Mike Fenton and Mark Redwood from JP Morgan, who fund AVT as silent partners (both join AVT within two years). Their aim is to develop innovative technologies that will improve the both front and back office processes in the financial sector.
1989: Developed a synchronised timestamping system that enables the atomic clock signal to be distributed around the trading floor. The largest users of timestamps (LIFFE) become a customer in 1992.
1992: Contracted by the London Metal Exchange to design and supply a range of new innovative applications for the new site in Leadenhall Street. Applications include time synchronisation of all systems, specialized displays to indicate metals traded and price reporting systems to update price feeds to Reuters.
1994: Developed voice recognition technology for command and control of Windows (Voice Server for Windows).
1995: Developed CRPS (Conference Record & Playback System) to record morning meetings for playback at any time. First customers included Deutsche Bank, Commerzbank and Robert Fleming.
Appointed Racal voice recording sales and support reseller.
Developed MQT (Mobile Quote Terminal) in partnership with Reuters. (Real time Reuters rates on Nokia Communicator)
1996: Developed VoIP 'hoot and holler' system for large Canadian Bank enabling London and South African traders to talk over data lines, saving £70k on dedicated voice line.
Developed VoIP conferencing system for UK Regional Stockbroker to distribute morning commentary to all regional offices.
Developed Position Aggregator for banks to rapidly co-ordinate position keeping between teams of traders covering positions on the back of large customer orders.
Developed an electronic transaction system for Foreign Exchange (code name Genideal). Exploiting Java, it uses AVT's own innovative and patented firewall tunnelling technology. Early adopters include Bank of New York, Dresdner and UBS.
1997: Developed Ceryx to capture deals as they are done on the phone and present them as voice files directly at the back office desk. This speeds up the process confirmation to counterparties from 30+mins to approx 60 seconds.
2002: Expanded installed Genideal customer base to include HSBC, JP Morgan, Merill Lynch, ABN Amro and RBS. The technology is adopted by FX All, owned and operated by all the main FX banks including Goldman, Deutsche and Citicorp.
2003: Sold a major part of company (AVT Technologies) to Reuters, who have rolled out the systems worldwide.
AVT Founder Mark Redwood joins Reuters as part of the deal.
2004: Established as established NICE voice recording reseller, supporting their own clients and providing professional services to other resellers including Avaya, BT and Azzuri.
2006: Awarded EMEA NICE Service Partner of the Year.
2007: Appointed IP Trade's first UK solution partner. IP Trade Turret offers all the features normally associated with traditionally deployed trading rooms, but delivers these via a range of IP-PBX vendors' solutions.
2008: Sold voice recording business to NICE. Customer base includes Commerzbank, Credit Suisse, UBS, Investec, BoNY.
Appointed Autonomy partner, selling the Autonomy product range and developing bespoke applications based around Autonomy's award winning IDOL engine.
