London Stock Exchange Group (LSEG) has selected OpenFin’s technology for its flagship LSEG Workspace platform. The partnership will leverage OpenFin’s secure zero-install delivery model and container technology to simplify distribution of LSEG’s next-generation data and analytics to customer desktops.
LSEG Workspace provides wealth advisors, research analysts, portfolio managers, investment bankers and traders with access to leading financial data, news, analytics and productivity tools in an intuitive end-user experience. The platform is used by financial market professionals across the industry.
OpenFin is the leading provider of Chromium container and workspace technology to the financial industry, now deployed to more than 3,800 banks and buy-side firms. Under the partnership, LSEG will migrate LSEG Workspace to leverage OpenFin’s technology, making its platform more easily deployable and interoperable with thousands of internal apps developed by banks and buy-side customers.
Dean Berry, Group Head of Trading & Banking Solutions at LSEG, said: “Transforming user experience starts with seamless delivery of LSEG Workspace to customer desktops. Use of OpenFin significantly enhances our delivery model and end user experience, leveraging technology that is already trusted by most global banks and leading asset managers.”
OpenFin is the only provider of container technology that is co-stable with Google Chromium, ensuring that critical security patches and other enhancements to the Chromium engine are continuously and seamlessly delivered to end user desktops. Its zero-install model, designed through collaboration with major financial institutions, ensures security and stability while enabling agile delivery.
Borre Wessel, Head of Desktop Platform Technology, said: “As technologists we greatly appreciate OpenFin’s commitment to open web standards and their rigorous process for keeping up with Google Chromium. We will leverage their technology to deliver LSEG Workspace cross-platform to both Windows and Mac devices.”
Adam Toms, CEO of OpenFin Europe, said: “We are delighted to be partnering with LSEG on their digital transformation journey. We believe the work they’re doing will be truly transformative for our mutual customers and for the industry overall.”
Source: OpenFin
NEWSLETTER SIGN UP
And receive exclusive articles on securities markets
As Technology Evolves, Asset Managers Adapt and Innovate
https://www.marketsmedia.com/as-technology-evolves-asset-managers-adapt-and-innovate/
Citi Changes Organizational Structure
https://www.marketsmedia.com/citi-changes-organizational-structure/
SEC Charges Virtu for Disclosures Relating to Information Barriers
https://www.marketsmedia.com/sec-charges-virtu-for-disclosures-relating-to-information-barriers/
ICE Futures Singapore Partners with CoinDesk Indices
https://www.marketsmedia.com/ice-futures-singapore-partners-with-coindesk-indices/
Related articles
-
The group's first quarter net revenue increased by 6%.
-
AWS is the preferred cloud provider for LSEG's markets, risk intelligence and FTSE Russell divisions.
-
The new additions almost double the number of tradable ETFs.
-
The proposed KDX will be a fully regulated platform dedicated to tokenizing real-world assets.
-
Electronification combines the adaptability of Flex Options with scalability, transparency & convenience.