Multi-asset execution and order management systems company FlexTrade has just announced that it has teamed up with the operating system (OS) of finance OpenFin.
The partnership will improve workflow management for buy-side traders using FlexTrade’s execution management system FlexTRADER and its cloud-based trading system FlexNOW.
Andy Mahoney
FlexTRADER has operated an open architecture model for many years, ensuring traders have the data and workflows they need right at their fingertips,” said Andy Mahoney, Head of Sales at FlexTrade UK. “OpenFin is the next natural step for this architecture to evolve by providing an interoperability layer connecting FlexTRADER to complementary third-party applications and data, with minimal technology overhead and seamless upgrades.
Mahoney added:
Connecting with the interoperability bus from OpenFin allows FlexTRADER users to both source normalized data, and control other applications from within the trader’s day-to-day workflow without information leakage.” continued Mahoney.
Adam Toms
Adam Toms, CEO of OpenFin Europe, commented:
Inefficient trader workflows hamper productivity and introduce an unnecessary level of operational risk. FlexTrade is pioneering change on the buy-side trader’s desktop and we are delighted to partner with them on this journey to build the next generation of financial desktops. Jointly, we empower traders to interact with the market in the way they prefer, with unprecedented levels of functionality and performance, accessing applications they need quickly, easily and securely, and without additional deployment costs.
OpenFin also ensures that from a technology perspective, interfaces between the EMS and other applications become normalised, reducing vendor lock-in and redefining the term ‘Software-as-a-Service,’” concluded Mahoney.
FlexTrade has also announced that it has joined the Financial Desktop Connectivity and Collaboration Consortium – FDC3.