Algomi Deploys OpenFin’s HTML5 Layer for Faster, More Secure Software Updates
Algomi will use OpenFin’s operating layer to update its sell-side Synchronicity and its buy-side Honeycomb platforms.
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The deployment is expected to benefit both Algomi and its clients, as the software updates are about responding more rapidly and efficiently to market changes.
Information-matching provider, Algomi, has announced a partnership with London-based HTML5 runtime technology provider, OpenFin, in an effort to accelerate the software updates on its products.
The new HTML5 layer is going to underpin Algomi’s two flagship offerings, Honeycomb and Synchronicity. The firm expects software updates to be faster, more secure and with better interoperability with the existing technology of its clients.
With OpenFin, applications can be updated from a common source rather than individually on every machine and with the same speed as consumer applications.
Usman Khan, CTO of Algomi, says that technology in the bond markets is changing fast, requiring rapid and scalable software deployment across desktop applications. “We are now entering a world in which capital markets technology providers can roll out software updates as frequently as technology companies update apps on smartphones,” he says.
Mazy Dar, CEO of OpenFin stated: “Our operating environment gives change-resistant capital markets the ability to keep pace with the rapid innovation cycle that is emerging in the industry.”
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