BidFX launches FX desktop trading app on OpenFin

By Megha Bhattacharya

Electronic foreign exchange trading solutions, BidFX has announced an addition to its product range delivered via OpenFin, the operating system of finance. BidFX will now be able to offer a desktop-installed web app for supporting the layout of window-based components that interoperate securely and seamlessly across a trader’s multi-screen workstation.

Jean-Philippe Malé, CEO of BidFX, said, “The latest web and cloud technology offers improved flexibility over traditional fat-client applications when developing world-class user interfaces, resulting in faster time to market for new features. Alongside this, the market is now asking for that extra layer of development and functional maturity that continues to build confidence in trading over the cloud.”

He added, “BidFX’s history and vision is built upon being a leader in technological advancements in the FX electronic trading world. Building on OpenFin enables us to continue to invest in creating a rich multi-window FX trading experience that combines the best attributes of the desktop and web applications.”

BidFX aims to address institutional traders’ concerns over cloud adoption, web browser compatibility, internet security and screen space limitations by selecting OpenFin’s service.

Recently, equity capital marketplace, Appital, deployed its desktop application on OpenFin, the OS of finance. The platform allows buy-side firms to gain greater exposure to deal flow opportunities they have not been able to access before, thus helping portfolio managers and heads of trading to build a comprehensive base of liquidity including highly illiquid, small and mid-cap stocks.

Adam Toms, the European CEO of OpenFin, added, “Having a digital desktop strategy has become increasingly important in supporting remote working practices, especially as many traders have moved from six screens to two or three. More than ever, they need to be able to link applications seamlessly across multi-screen workstations and have access to the right workflow tools while minimizing the screen real estate they consume. We are delighted to welcome BidFX to our ecosystem of users and look forward to our collaboration.”