Combining strengths, ChartIQ, Adaptive and OpenFin are joining forces to showcase capabilities for HTML5-based institutional trading platforms. The goal of the showcase is to demonstrate the front-end platform abilities of HTML5 technology, as well as revealing how it can connect with legacy software being used by banks and financial firms, and running on different programming language frameworks.
The announcement occurs as the world is going mobile and forcing legacy desktop software to evolve or get out of the way. For global banks and financial firms, this trend is leading companies to either redevelop their platforms with a mobile first philosophy, or integrate mobile and web-based front-end solutions to be used both internally and by clients.
While simply adding front-end systems is more cost effective for most firms than conducting a complete overhaul of their technology, it comes with its problems. Most notable are compatibility issues between connecting HTML5 front-end platforms to legacy systems using other programming languages.
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Speaking with Dan Schleifer, CEO and Co-Founder of ChartIQ, he explained that by partnering with OpenFin and Adaptive, their goal was to cover the friction points for institutional customers. Using OpenFin’s technology, firms can create a browser-based experience that is compatible with web and mobile devices, but integrates with existing desktop runtime software built on Java, .NET or C++.
In regards to Adaptive, the firm developed the Reactive Trader institutional FX trading platform that uses HTML5 charting technology from ChartIQ. Based on HTML5, the platform was created as a working demonstration to showcase the capabilities of HTML5 technology and how it can be used to perform the needs of banks as either a single-dealer platform that is distributed to clients or for internal uses. Integrating to banks, the platform connects using OpenFin’s technology.
Schleifer explained that the bottom line of the partnership is that it provides a “seamless” solution for banks where Adaptive will build custom made HTML5 platforms and use OpenFin to allow firms to “continue to use standards such .NET and Java.”