Trading turretwikipedia
A trading turret or dealer board is a specialized telephony key system that is generally used by financial traders on their trading desks.
trading turretTurrets

Business telephone system

PBXprivate branch exchangekey telephone system
A trading turret or dealer board is a specialized telephony key system that is generally used by financial traders on their trading desks.
These systems commonly have their front end units referred to as Turrets and are notable for their presentation of hoot-n-holler circuits.

Electronic trading platform

electronic trading platformtrading platformonline trading platform
Although most trading volume is now done via electronic trading platforms, some phone trading persists and trading turrets are common on trading desks of investment banks.
The client graphical user interface of the electronic trading platforms can be used to place various orders and are also sometimes called trading turrets (though this may be a misuse of the term, as some refer to the specialized PBX phones used by traders).

Hoot-n-holler

hoot-n-hollersquawk boxpermanent voice circuit
In addition, many traders have dozens or hundreds of dedicated speed dial buttons and large distribution hoot-n-holler or Squawk box circuits which allow immediate mass dissemination or exchange of information to other traders within their organization or to customers and counter-parties.
* Trading turret

IPC Systems

IPC's products, called trading turrets, are specialized, multi-line, multi-speaker communications devices used by traders.

Trader (finance)

tradertraderstrading
A trading turret or dealer board is a specialized telephony key system that is generally used by financial traders on their trading desks.

Trading room

trading roomtrading floortrading desk
A trading turret or dealer board is a specialized telephony key system that is generally used by financial traders on their trading desks.

Open outcry

open outcrytrading floorfloor trading
Trading has progressed from floor trading through phone trading to electronic trading during the later half of the twentieth century with phone trading having dominated during the 1980s and 1990s.

Electronic trading

electronic tradingscreen-based tradingeTrading
Trading has progressed from floor trading through phone trading to electronic trading during the later half of the twentieth century with phone trading having dominated during the 1980s and 1990s.

Investment banking

investment bankinginvestment bankinvestment banker
Although most trading volume is now done via electronic trading platforms, some phone trading persists and trading turrets are common on trading desks of investment banks.

Dedicated line

dedicated telephone linesdedicated linededicated telephone line
Trading turrets enable users to visualize and prioritize incoming call activity from customers or counter-parties and make calls to these same people instantaneously by pushing a single button to access dedicated point-to-point telephone lines (commonly called Ringdown circuits).

Ringdown

ringdownPrivate line automatic ringdownnon-dialed connection
Trading turrets enable users to visualize and prioritize incoming call activity from customers or counter-parties and make calls to these same people instantaneously by pushing a single button to access dedicated point-to-point telephone lines (commonly called Ringdown circuits).

Stock

stockequitiesequity
Due to these requirements many Turrets have multiple handsets and multi-channel speaker units, generally these are shared by teams (for example: equities, fixed income, foreign exchange) or in some cases globally across whole trading organizations.

Fixed income

fixed incomefixed-incomefixed income securities
Due to these requirements many Turrets have multiple handsets and multi-channel speaker units, generally these are shared by teams (for example: equities, fixed income, foreign exchange) or in some cases globally across whole trading organizations.

Foreign exchange market

foreign exchangeforeign exchange marketforex
Due to these requirements many Turrets have multiple handsets and multi-channel speaker units, generally these are shared by teams (for example: equities, fixed income, foreign exchange) or in some cases globally across whole trading organizations.

Time-division multiplexing

time-division multiplexingTDMtime division multiplexing
As processing power has increased and switching technologies have matured, voice trading systems are evolving from digital time-division multiplexing (TDM) system architectures to Internet Protocol (IP) server-based architectures.

Instant messaging

instant messagingIMinstant messenger
IP technologies have transformed communications for traders by enabling converged, multimedia communications that include, in addition to traditional voice calls, presence-based communications such as: unified communications and messaging, instant messaging (IM), chat and audio/video conferencing.

Videotelephony

videoconferencingvideo conferencingvideo chat
IP technologies have transformed communications for traders by enabling converged, multimedia communications that include, in addition to traditional voice calls, presence-based communications such as: unified communications and messaging, instant messaging (IM), chat and audio/video conferencing.

Intercom

intercomintercom systeminterphone
While some of trading turret systems also include intercom functions, it is common that financial services firms use an independent intercom system alongside with trading turret systems.

Straight-through processing

straight-through processingstraight through processingstraight-through processing ("STP")