View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
May 25, 1988

BUSINESSLINE OF DENMARK OFFERS BROKERS, DEALERS FAILSAFE TELEX BACK-UP

By CBR Staff Writer

Western Union may feel that the telex system has had its day (CI No 936), but a Danish company seems determined to resurrect it. Businessline A/S, a Copenhagen-based firm formed in 1986, has developed a piece of software aimed at financial institutions which is designed to restablish the telex line as a viable alternative dealing medium. Essentially, the Phoenix system replaces old-fashioned telex machines with a single operator console or workstation, which links directly onto a video screen on a dealer’s desk. Telex operators running Phoenix software can initiate deals or exchange rate enquiries without leaving their seats, and – thanks to a windowing facility – can control up to six telex lines on a single screen. Dealers can use existing screens and keyboards interactively to participate in fixings, confident that all details are simultaneously being printed out for future verification. Fault tolerance – vital for any dealing room system – is covered by a twin control topology which ensures that each telex line is connected to two workstations on the network. During normal operations only one connection is used: if however, one fails, the workload is automatically redistributed amongst remaining terminals. The company installed six of the systems in London-based banks and institutions during development, and has just installed a system at the Rhode Island Hospital Trust in the US. Prices for a system vary from site to site, but a four line installation, including hardware, software and user training will cost around UKP6,000. Businessline’s UK base is in South-East London.

Topics in this article :
Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU