Turquoise Plato Connects OpenFin to Provide Data Stream

FlexTrader will be the first company to offer this data feed on its EMS.

London Stock Exchange Group’s Turquoise Plato is establishing a connection with OpenFin, an operating system for enterprise productivity. This, according to the companies, has come in response to the industry’s need for workflow efficiencies, application interoperability and unified experience for buy-side firms.

Announced on Tuesday, the integration will deliver market data feed directly into trader workflows to support liquidity discovery and decision-making processes leveraging OpenFin’s open architecture.

“As a market operator, Turquoise is well-positioned to bring the industry together around a common ambition: to collaborate, innovate and improve efficiencies on traders’ desktops,” said Dr Robert Barnes, Group Head of Securities Trading and CEO of Turquoise at LSEG.

“This will not only support best execution efforts but also improve performance for end investors as it helps us reduce the slippage cost at the point of execution.”

OpenFin provides a web-based OS layer specific to the financial services industry. As per the company data, its technology is being used by more than 2,400 buy-side and sell-side firms across over 60 countries.

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“Operational complexity and costs arising from bilateral integrations are fast becoming a thing of the past as users can now access the right tools and data sets, surfaced directly into their workflows, delivering powerful capabilities and tangible results,” OpenFin’s European CEO, Adam Toms said.

“We are very excited to be working with Turquoise to bring new, visionary models of collaboration to life and to market.”

Users Already in Place

Furthermore, the official press release shared with Finance Magnates detailed that FlexTrade Systems will become the first platform to deliver the Turquoise data feed into its EMS via the OpenFin message bus.

FlexTrade’s EMEA Managing Director, Andy Mahoney said: “We are delighted to work with Turquoise and OpenFin to support liquidity discovery and execution opportunities, and bring tangible benefits to the buy-side trading desk.”

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