Edgewater Markets, a leading technology provider offering access to the FX markets globally, announced a partnership with OpenFin, the operating system (OS) for enterprise productivity, to provide extra native desktop capabilities for FX traders on Monday. The partnership has seen the full suite of products offered by Edgewater Markets now available on OpenFin and is being distributed to FX clients across the world.
Edgewater Markets migrated its products on the OpenFin platform because of increased customer demand derived from limitations associated with browser workflow processes. As a result, Edgewater Markets is using the OpenFin platform to offer a more flexible UX that enables users like Tier 1 and 2 banks, emerging market and regional banks, macro funds, high-frequency funds, pension funds and corporates to customize their workspace.
Edgewater Markets’ development has made full product parity with the existing browser version, in addition to enhanced benefits provided by OpenFin. By leveraging OpenFin's main product, web-based operating system (OS), Edgewater Markets’ clients can now take advantage of an enhanced UX/UI experience across the desktop, such as window management for efficient workflows and desktop real estate management, while maintaining enterprise-grade security, zero-install, memory retention and native desktop capabilities.
Brian Andreyko, CFA, the Chief Product Officer at Edgewater Markets, said: “Our clients needed more robust windowing performance from our platform. Since partnering with OpenFin, users have been very happy with the enhanced user experience due to window management capabilities, and have seen an upgrade in performance of data delivery as a result. Our development team was able to deliver the solution within four weeks utilizing the OpenFin framework, and we were off and running.”
Meanwhile, Adam Toms, the CEO of Europe at OpenFin, added: “Edgewater Markets plays a valuable role in helping FX traders access liquidity in emerging markets areas. Connectivity to OpenFin has helped Edgewater clients to have better control over their desktop real estate and perform more efficiently overall.”
Since the initial launch in Q3 of 2021, Edgewater Markets on OpenFin has been deployed into production accessible from its data centers in Singapore, London, New York and Tokyo.
Business Growth through Diversification
In July last year, Edgewater Markets launched a new foreign exchange (FX) trading and pricing engine in Singapore (SG1) as part of an extension of its global growth strategy. Recently Edgewater launched a subsidiary arm, Edgewater Digital Technologies, a company that offers a class trading platform that enables institutional clients to trade cryptocurrencies. As a part of this move, Edgewater made several changes to its business by restructuring its top-level key management roles. To ensure better service offerings to its customers, Edgewater has been expanding its presence in the global markets and aggressively strengthening its team.
Edgewater Digital Technologies has a low latency electronic trading network with data centers in Mexico City, New York, London and Tokyo through which the firm provides its customers with access to global liquidity via its trading platform.
