Glue42 signs major hedge fund

Glue42, a fintech providing intelligent desktop solutions for financial institutions, is helping a major hedge fund build its next generation trading platform.

The company has also recently onboarded two new partners.

Glue42 says the new collaborations reflect its workspace vision and how enabling the rise of task-oriented applications, standardisation and the re-use and migration of legacy applications are paramount to defining future interaction styles between humans and their desktop tools.

James Wooster, COO, Glue42, says: “To help firms succeed in delivering their digital transformation projects in 2020 and beyond, we are enabling financial institutions to embrace the reality of legacy applications while preparing for future innovation. Rewriting legacy systems is not always necessary and existing applications can be re-used without compromising the user experience. At the same time, we also want to ensure that new applications do not become the legacy applications of tomorrow and our users’ financial desktops and processes remain state of the art.”
One of Glue42’s latest clients embracing this approach to build its next-generation trading platform is a top five, global investment firm. By using a workspace approach, new and old applications can be integrated together for the first time while minimising the use of valuable screen real-estate. On these desktop spaces, traders and portfolio managers can run instances of the core trading applications and have access to an ecosystem of user-centric applications all of which can share data and functionality with each other.
By using Glue42, the fund’s development teams are able to develop and deploy new applications faster, while ensuring all applications continue to work together seamlessly. Ultimately this leads to increased productivity and compliance, and the ability to innovate in the search for alpha.
In addition to new client implementations, Glue42 has collaborated with Scott Logic, a UK-based software consultancy and Luxoft, a DXC Technology company, to focus on digital transformation services and software engineering to scale and address the demand for Glue42’s enterprise edition, and continue its quest to modernise the financial workspace.
“The onboarding of the global fund and new partners underlines what many independent analyst firms have been saying for some time; Glue42 is the most advanced desktop integration platform available today,” says Leslie Spiro, CEO, Glue42. “We are also stepping up our collaboration with FINOS as we continue to help extend standards such as FDC3.”