Sell-Side Technology Awards 2020: Best Implementation at a Sell-Side Firm—OpenFin

For its latest foreign exchange (FX) single-dealer platform, Cortex LIVE, BNP Paribas leveraged OpenFin’s industry-specific operating system. The project was announced in September 2019, and the bank’s users now benefit from new data visualization techniques, workflow automation tools, and client integration capabilities, as well as Insight LIVE, a real-time market intelligence portal.
The project resulted in a build that involved a shift to HTML5, as well as a transformation of BNP’s FX trader workflow. Additionally, work included a user-experience upgrade that mainly focused on the provision of visualization tools and alerts, while a digital assistant, dubbed ALiX, was also added to help traders navigate the platform.
“The combination of Cortex LIVE and ALiX provides our clients with better execution capabilities as well as an unrivaled digital user experience,” says Chris Meehan, head of product management, e-commerce and digital at BNP Paribas. “Leveraging OpenFin to develop and deploy our platform has been pivotal in upgrading our technology stack, solving multiple workflow problems and ensuring our platform is future-proof.”
In the application interoperability world, OpenFin has made major inroads over the last three years. In addition to BNP Paribas, RBC, Barclays, FactSet, and other financial giants have turned to OpenFin’s operating system to improve productivity by making it easier to find relevant apps and content, reducing the number of clicks in the workflow ecosystem, and maximizing screen real estate by allowing both internal and external applications to “talk” to one another and share information, rather than the user having to toggle between screens and platforms.
Most recently, the vendor rolled out Platform API, which makes it easy for developers to create complex layouts across multiple apps with full customization of the look and feel of their windows and user experience. It also launched the FDC3 API, which implements the Finos FDC3 standard that OpenFin originally created and contributed to Finos. The standard is now backed by more than 50 sell-side and buy-side firms, and vendors.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Awards & Rankings
AFTAs 2023: All the winners and why they won
Here are the winners of the 30 categories in the 2023 American Financial Technology Awards. This year's multi-category winners are JP Morgan, Morgan Stanley, Goldman Sachs, Northern Trust and Wells Fargo.
AFTAs 2023: Best IT team (buy side)—TCW Group
Team name: Architecture and Engineering Team (AET)
AFTAs 2023: Best third-party technology vendor IT team—Devexperts
Project name: DXtrade XT
AFTAs 2023: Best reporting initiative—Northern Trust
Project: Service Governance Reporting Dashboards
Buy-Side Technology Awards 2023: All the winners and why they won
Here are the 37 category winners comprising the 2023 Buy-Side Technology Awards.
BST Awards 2023: Best buy-side execution venue—360T
Product: 360T
BST Awards 2023: Best buy-side EMS—360T
Product: 360T EMS