LSEG uses OPENFIN technology to enhance financial market solutions
  financefeeds 2023-05-11 13:04:49
Description:London Stock Exchange Group (LSEG) has taken a major step forward in enhancing the user experience by partnering with OpenFin, the financial industry\'s leading provider of Chromium container and workspace technology. The collaboration aims to simplify th

London Stock Exchange Group (LSEG) has announced a strategic partnership with OpenFin to leverage the latter's advanced technology to improve the distribution and interoperability of its flagship LSEG Workspace platform, ultimately transforming the experience for financial market professionals.


London Stock Exchange Group (LSEG) has taken a major step forward in enhancing the user experience by partnering with OpenFin, the financial industry's leading provider of Chromium container and workspace technology. The collaboration aims to simplify the distribution of LSEG's next-generation data and analytics to customer desktops using OpenFin's secure zero-install delivery model and container technology.


LSEG Workspace is a comprehensive platform that provides wealth advisors, research analysts, portfolio managers, investment bankers and traders with access to premium financial data, news, analytics and productivity tools. The platform's intuitive end-user experience has made it a popular choice across the financial industry.


Dean Berry, Group Head of Trading & Banking Solutions at LSEG, highlighted the importance of a seamless user experience, saying: "Transforming the user experience starts with the seamless delivery of LSEG Workspace to customers' desktops. OpenFin significantly enhances our delivery model and end-user experience, leveraging technology trusted by most global banks and leading asset managers."


OpenFin's technology has been deployed to more than 3,800 banks and buy-side companies, and it has become the industry standard for Chromium container solutions. As part of the partnership, LSEG will migrate the LSEG Workspace platform to OpenFin's technology, ensuring seamless deployment and interoperability with thousands of internal applications developed by banks and buy-side customers.


Adam Toms, CEO of OpenFin Europe, commented: "We are delighted to partner with LSEG to advance their digital transformation journey together. We believe the work they are doing will make a real difference for our mutual customers and the industry as a whole."


OpenFin's unique position as the only container technology provider to maintain common stability with Google Chromium ensures the continued seamless delivery of critical security patches and enhancements to the Chromium engine for end users. In addition, the company's zero-install model, designed in collaboration with major financial institutions, enables agile delivery while guaranteeing security and stability.


Borre Wessel, Technical lead for Desktop platforms, added: "As technologists, we are grateful to OpenFin for their commitment to open Web standards and their rigorous process to keep up with Google Chromium. We will leverage their technology to provide a cross-platform LSEG Workspace for Windows and Mac devices."


The collaboration between LSEG and OpenFin marks a promising step in the journey of digital transformation of financial markets as it continues to optimize the user experience and drive innovation.


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