OpenFin, a desktop operating system built specifically for the needs of capital markets, has publicly contributed code to the Symphony Software Foundation that allows, for the first time, any OpenFin customer to deploy Symphony Chat on the OpenFin operating system.
The integration, currently in beta testing, enables seamless deployment and interoperability of Symphony alongside the expanding ecosystem of applications already running on OpenFin.
The Symphony Software Foundation (the Foundation), is a nonprofit organisation fostering innovation in financial services through open source software (OSS). The OpenFin contribution code is based on a standard developed collaboratively by the Foundation’s Desktop API Working Group. OpenFin has been a Gold Member of the Foundation and an active participant in the working group.
The Symphony Software Foundation now counts more than 50 projects, 100 plus contributors, four active working groups, and 25 member organisations; The Foundation has recently hosted a notable Open Source Strategy Forum, the first Open Source conference for Financial Services who brought together more than 300 thought leaders and innovators.
“A commitment to open source software has been a core guiding principle at OpenFin and we’ve always strongly supported the Foundation’s efforts to bring that ethos to finance,” says Mazy Dar (pictured), CEO of OpenFin. “By enabling Symphony to run on the OpenFin operating system, we are making it easy for our mutual customers to unify the Symphony desktop experience with their other OpenFin-based apps.” OpenFin’s customers include more than 45 of the world’s largest banks and trading platforms.
OpenFin OS is licensed across more than 125,000 desktops and is used to deploy hundreds of applications to over 400 major banks and buy-side firms. Using a modern, open technology stack, OpenFin is dedicated to addressing the specific needs of these customers, enabling rapid deployment and interoperability, while simultaneously improving security.
Gabriele Columbro, executive director, Symphony Software Foundation, says: “I am particularly thrilled to see OpenFin leveraging open source and open standards to integrate with another Member’s platform. By embracing open source, vendors can benefit from each other’s ecosystems, enabling each firm’s best-in-class technology to reach the widest number of developers. And by leveraging open standards, they can ensure high longevity integration to their customers, resulting in a positive-sum game for the entire industry. It’s through efforts like these, under the transparent and independent forum of our Foundation, that we are sparking innovation on new, high-value collaborative solutions which have the potential of reshaping Wall Street.”