MDX Technology (MDXT) has become the first provider of connectivity to real-time market data to integrate with OpenFin, the operating system for finance, enabling financial institutions and fintech firms to consume multi-vendor market data feeds.
With an extensive library of market data interfaces, MDXT enables OpenFin clients to connect their desktop applications to a broad range of real-time market data feeds via a single API, providing uniform access to a variety of providers, so data can be consumed by desktop and web applications, as well as Excel spreadsheets. This allows users to select the best-of-breed market data provider that best fits their trading requirements and enables institutions to deliver internally derived pricing to internal proprietary and client web applications.
As a result of the application interoperability inherent to all financial desktop applications built on the OpenFin Operating System (OS), the whole ecosystem of fintech firms and financial institutions operating applications on OpenFin are able to consume fully entitled and controlled data from all major third-party providers via MDXT. This fundamentally changes the way the industry is able to consume, harness and exploit the true value of market data.
OpenFin is the de-facto digital infrastructure provider for capital market firms and the technology companies building solutions to support them. Licensed to more than 175,000 desktops, the OpenFin OS provides a web environment for agile application development and is now used to deploy more than 1,000 applications, including mission critical trading, risk and order management systems, to more than 1,500 major banks and buy-side firms.
Richard Gissing, CTO of MDXT said in a statement: “By making our extensive library of market data interfaces available via the OpenFin OS, MDXT opens up access to a wider potential audience of OpenFin users requiring market data in their applications.”
MDXT ConnectExcel (Excel add-in) and MDXT ConnectAPI (abstraction layer available for .Net, C++, Python and R) provides uniform access to real-time market data from Activ Financial, Bloomberg, Exegy, Refinitiv, Solace, Sungard, TIBCO, Vela, amongst others. The new MDXT ConnectOF extends the platform benefits to OpenFin users.