Financial markets operating systems vendor, OpenFin, will provide its operating system (OS) to IPC as the latter builds up a voice app store for its 110,000+ global user community.
IPC, which provides trading communications solutions to financial services firms, leverages OpenFin’s OS to enable 6,600+ market participants to access market data and trade lifecycle services available on its Connexus Cloud platform. Building on OpenFin-enabled desktop, users of IPC’s terminals will also be able to integrate third-party applications into the company’s trading communications workflows.
IPC will deploy its data visualization solution, dubbed Blotter, on OpenFin in a bid to provide a combined technology and collaborative workflows. The move aims to provide IPC’s users with further choice in setting up workflows and accessing data while removing connectivity barriers for clients.
“Our global community of 110,000+ users and 6,600+ market participants can now rapidly exchange information across platforms and devices by leveraging the interoperability and technological flexibility that OpenFin brings,” said Bob Santella, Chief Executive Officer at IPC.
Enabling buy-side app interoperability
When running within the OpenFin environment, Blotter can share data across multiple applications and vendor platforms to enable automation of complex trading workflows.
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The migration is the first planned under the new partnership, which will be rolled out in multiple phases, with the next product phases via OpenFin due to launch at some point in 2020.
IPC said that the alliance with OpenFin aims to transform their users’ experience as they can rapidly exchange information across platforms by taking advantage of the interoperability that OpenFin brings.
In addition, IPC clients will be able to integrate third-party vendor applications already deployed on the OpenFin OS into their workflows, cutting down on the time and cost involved in technology updates usually required by independent desktop applications.
Set up in 2010, OpenFin has grown to serve more than 50 of the world’s largest banks and trading platforms including BNP Paribas, Citigroup, HSBC, ICAP, JP Morgan and RBS, which now use OpenFin to deploy applications both in-house and to over 250 buy-side and over 40 sell-side customers. OpenFin OS is also licensed across more than 125,000 desktops and is used to deploy hundreds of applications to over 1500 major banks and buy-side firms.
“Digital workspaces and contextual workflows are the future, and voice is a crucial information source within this. We are excited to enter into this partnership with IPC in order to help their large and diverse client community further unlock the power of voice,” said OpenFin CEO Mazy Dar.