FlexTrade has announced a partnership with OpenFin that provides application interoperability and improves workflow management for buy-side traders using FlexTrade’s execution management system, FlexTrader, and its cloud-based trading system, FlexNow.
The firms say that technology updates across trader desktops can prove time and cost intensive as a result of the multitude of independent desktop applications used throughout the business day. By partnering with OpenFin, traders using FlexTrade products are able to integrate third-party vendor applications already deployed on the OpenFin OS into their workflows. Not only does this modernise and simplify the desktop experience, the firms say, but traders now have the ability to select the best applications necessary for their daily workflows, and to navigate complex markets while benefiting from full interoperability between these applications.
Leveraging OpenFin’s technology also enables FlexTrade’s products to roll out new desktop applications to its clients faster using a common language that allows desktop applications to communicate with one another and share information, intent and context in a permissioned manner.
“FlexTrader has operated an open architecture model for many years, ensuring traders have the data and workflows they need right at their fingertips,” says 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.Connecting with the interoperability bus from OpenFin allows FlexTrader users to both source normalised data, and control other applications from within the trader’s day-to-day workflow without information leakage.”
Adam Toms, CEO of OpenFin Europe, adds, “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.”