LSEG partners with OpenFin to bolster distribution of LSEG Workspace

OpenFin’s zero-install delivery model and container technology will be leveraged by LSEG to improve the delivery of data and analytics to clients.

London Stock Exchange Group (LSEG) has selected OpenFin’s technology to deliver its flagship LSEG Workspace platform to customer desktops.

The partnership will see LSEG leverage OpenFin’s zero-install delivery model and container technology to improve and simplify the distribution of LSEG’s data and analytics to clients.

The LSEG Workspace platform offers traders, wealth advisors, research analysts, portfolio managers and investment bankers with access to financial data, news, analytics and productivity tools in what the firm describes as an intuitive end-user experience.

“LSEG’s Workspace product built and deployed on OpenFin’s OS will create a more unified, UX focused solution that delivers on LSEG’s digital transformation strategy to rationalise their application space, deliver the best technology to end users and drive better engagement with end clients through interoperability,” Adam Toms, chief executive of OpenFin, told The TRADE.

“This flagship partnership is part of our continued investment in providing the largest and most diverse Capital Markets ecosystem in Finance.”

OpenFin provides Chromium container and workspace technology to the financial industry and has deployed to over 3,800 banks and buy-side firms.

As part of the partnership, LSEG will migrate LSEG Workspace to leverage OpenFin’s technology, with the aim to make its platform more easily deployable and interoperable with internal apps developed by banks and buy-side customers.

“As technologists we greatly appreciate OpenFin’s commitment to open web standards and their rigorous process for keeping up with Google Chromium,” said Borre Wessel, head of desktop platform technology at LSEG.

“We will leverage their technology to deliver LSEG Workspace cross-platform to both Windows and Mac devices.”