BidFX, a provider of electronic foreign exchange (forex) trading solutions, has recently launched its flagship desktop forex trading application on OpenFin, an operating system for the financial industry.

The launch of the application marks a significant expansion to its product offering. According to the company’s statement on Thursday, the desktop-installed web application supports the layout of window-based components that interoperate across a trader’s multi-screen workstation.

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Commenting on the launch, Jean-Philippe Malé, the CEO of BidFX, said in the statement: “The latest web and cloud technology offers improved flexibility over traditional fat-client applications when developing world-class user interfaces, resulting in faster time to market for new features. Alongside this, the market is now asking for that extra layer of development and functional maturity that continues to build confidence in trading over the cloud. 

“BidFX’s history and vision is built upon being a leader in technological advancements in the FX electronic trading world. Building on OpenFin enables us to continue to invest in creating a rich multi-window FX trading experience that combines the best attributes of the desktop and web applications.” 

BidFX, which is owned by the Singapore Exchange (SGX), selected OpenFin to deliver its application to address its institutional trader’s concerns over cloud adoption, web browser compatibility and internet security, the company said in its statement.

BidFX Selects OpenFin to Address Trader’s Concerns

“Having a digital desktop strategy has become increasingly important in supporting remote working practices, especially as many traders have moved from six screens to two or three,” added Adam Toms, European CEO of OpenFin in the statement.

“More than ever, they need to be able to link applications seamlessly across multi-screen workstations and have access to the right workflow tools while minimizing the screen real estate they consume. We are delighted to welcome BidFX to our ecosystem of users and look forward to our collaboration.”