Cloud9, a cloud-based voice trading communiciation provider for institutions announced that it raised an undisclosed investment from J.P. Morgan, ICAP and Barclays.
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Cloud9 raises investment from consortium of banks
Built on WebRTC and supported by Amazon Cloud Infrastructure, Cloud9 has quickly become the most widely used cloud-based voice trading platform due to its reliability, resiliency, and ability to streamline trading technology and hardware overhead. Cloud9 believes that with increased adoption by the industry, it could save banks up to $1 billion in annual costs related to telecom equipment and services.
