The London Stock Exchange Group (LSEG) has partnered with OpenFin, the operating system for enterprise productivity. This partnership will see LSEG migrate ‘LSEG Workspace’ to leverage OpenFin’s technology.
LSEG Workspace provides wealth advisors, research analysts, portfolio managers, investment bankers and traders with access to leading financial data, news, analytics and productivity tools in an intuitive end-user experience. Financial market professionals across the industry currently use the platform.
OpenFin provides container technology that is co-stable with Google Chromium, ensuring that critical security patches and other enhancements to the Chromium engine are continuously and seamlessly delivered to end-user desktops. Its zero-install model, designed through collaboration with major financial institutions, ensures security and stability while enabling agile delivery.
OpenFin provides Chromium container and workspace technology to the financial industry. It has now deployed the technology to more than 3,800 banks and buy-side firms.
LSEG’s partnership with OpenFin enables the stock exchange and financial information company to make LSEG Workspace more easily deployable and interoperable with thousands of internal apps developed by banks and buy-side customers.
‘Transforming user experience’
Dean Berry, group head of trading and banking solutions at LSEG, explained how OpenFin’s technology could enhance LSEG Workspace capabilities. Berry said: “Transforming user experience starts with seamless delivery of LSEG Workspace to customer desktops. Use of OpenFin significantly enhances our delivery model and end-user experience, leveraging technology that is already trusted by most global banks and leading asset managers.”
Borre Wessel, head of desktop platform technology at LSEG, also explained. He said: “As technologists, we greatly appreciate OpenFin’s commitment to open web standards and their rigorous process for keeping up with Google Chromium. We will leverage the OpenFin technology to deliver LSEG Workspace cross-platform to both Windows and Mac devices.”
Adam Toms, CEO of OpenFin Europe, also commented on the partnership and the impact it could have at LSEG. Toms said: “We are delighted to be partnering with LSEG on their digital transformation journey. We believe the work they’re doing will be truly transformative for our mutual customers and for the industry overall.”