OpenFin announced the connection of LSEG’s (London Stock Exchange Group) Turquoise Plato for buy-side workflow efficiencies, application interoperability, and a more unified desktop experience. OpenFin provides a common web-based OS layer across the financial services industry for applications and desktops.
Turquoise on OpenFin delivers an insightful data feed directly into trader workflows to support liquidity discovery and decision making processes leveraging OpenFin’s open architecture. The API passes FDC3 compliant Context objects, and makes use of OpenFin’s message bus to pass that data to OpenFin-enabled applications including visualisation tools, in-house and 3rd party applications.
Robert Barnes, group head of Securities Trading and CEO of Turquoise Global Holdings at LSEG, said in a statement: “As a market operator, Turquoise is well positioned to bring the industry together around a common ambition: to collaborate, innovate and to improve efficiencies on traders’ desktops. 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.”
Adam Toms, European CEO of OpenFin, said in a statement: “Collaboration and innovation are central to our mission to simplify app distribution, unify the digital workspace and enable seamless communication and workflows between applications.”
FlexTrade Systems will be the first to deliver the Turquoise data feed into their flagship EMS via the OpenFin message bus. Traders can then act on that data, automate processes and take advantage of emerging liquidity opportunities. Built-in visualization capabilities ensure the block trading activity from Turquoise Plato Order Books is easy to digest and subsequently interact with.
OpenFin’s technology is deployed on 300,000 desktops across the industry, powering over 3,500 applications in more than 2,400 buy-side and sell-side firms in 60+ countries.