ChartIQ, OpenFin and Adaptive Showcase HTML5 eFX Trading Technology

Combining strengths, ChartIQ, Adaptive and OpenFin are joining forces to showcase capabilities for HTML5-based Institutional Trading Institutional Trading Institutional trading can be characterized as individuals or entities with the ability to invest in securities that are not available to retail traders directly.This includes specific investments such as FX forwards or swaps, among others.There are many types of players in the institutional trading space. These include central banks, retail and commercial banks, internet banks, credit unions, savings, and loan associations, investment banks, investment companies, brokerage firms, insurance compa Institutional trading can be characterized as individuals or entities with the ability to invest in securities that are not available to retail traders directly.This includes specific investments such as FX forwards or swaps, among others.There are many types of players in the institutional trading space. These include central banks, retail and commercial banks, internet banks, credit unions, savings, and loan associations, investment banks, investment companies, brokerage firms, insurance compa Read this Term platforms. The goal of the showcase is to demonstrate the front-end platform abilities of HTML5 technology, as well as revealing how it can connect with legacy software being used by banks and financial firms, and running on different programming language frameworks.

The announcement occurs as the world is going mobile and forcing legacy desktop software to evolve or get out of the way. For global banks and financial firms, this trend is leading companies to either redevelop their platforms with a mobile first philosophy, or integrate mobile and web-based front-end solutions to be used both internally and by clients.

While simply adding front-end systems is more cost effective for most firms than conducting a complete overhaul of their technology, it comes with its problems. Most notable are compatibility issues between connecting HTML5 front-end platforms to legacy systems using other programming languages.

Speaking with Dan Schleifer, CEO and Co-Founder of ChartIQ, he explained that by partnering with OpenFin and Adaptive, their goal was to cover the friction points for institutional customers. Using OpenFin’s technology, firms can create a browser-based experience that is compatible with web and mobile devices, but integrates with existing desktop runtime software built on Java, .NET or C++.

In regards to Adaptive, the firm developed the Reactive Trader institutional FX Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term that uses HTML5 charting technology from ChartIQ. Based on HTML5, the platform was created as a working demonstration to showcase the capabilities of HTML5 technology and how it can be used to perform the needs of banks as either a single-dealer platform that is distributed to clients or for internal uses. Integrating to banks, the platform connects using OpenFin’s technology.

Schleifer explained that the bottom line of the partnership is that it provides a “seamless” solution for banks where Adaptive will build custom made HTML5 platforms and use OpenFin to allow firms to “continue to use standards such .NET and Java.”