OpenFin, the desktop operating system built for specifically for the needs of capital markets, announced it 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 enables seamless deployment and interoperability of Symphony alongside the expanding ecosystem of applications already running on OpenFin. Major financial services firms like T. Rowe Price intend to use the integration.
The Symphony Software Foundation (the Foundation), is a nonprofit organization fostering innovation in financial services through open source software (OSS). The OpenFin contribution code is based on a standard developed by the Foundations Desktop API Working Group and is open source at https://github.com/symphonyoss/symphony-of under the Apache License v2.
OpenFin has been a Gold Member organization of the Foundation and an active participant in the working group which is dedicated to making Symphony interoperable with other industry applications.
The Symphony Software Foundation now counts more than 50 projects, 100 plus contributors, four active working groups, and 25 member organizations; 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.
At our core, OpenFin is a technology company cut from the same cloth as the giants of Silicon Valley, but with a focus on the worlds financial hubs. A commitment to open source software has been a massive contributor to the success of those companies and weve always strongly supported the Foundations efforts to bring that ethos to finance, said Mazy Dar, 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 worlds 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 said, I am particularly thrilled to announce an open source integration between Symphony and OpenFin. Its a perfect example of innovation that can be achieved through efficient collaboration on open source and open industry standards. By embracing open source, vendors can benefit from each others ecosystems, enabling each firms 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. Its 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.”
