Industry Trends | March 12, 2018

Finsemble Teams up with Financial Desktop Connectivity and Collaboration Consortium (FDC3)

Written by Cosaic Engineer

FDC3 logo

Finsemble as well as over twenty banks and capital markets solution providers have joined together to create a group called Financial Desktop Connectivity and Collaboration Consortium (FDC3). The goal of FDC3 is to provide a universal connectivity and standards for all desktop applications for finance. FDC3 looks to enable faster decision-making, improve productivity, and streamline workflows through interoperability of desktop applications.

WatersTechnology reached out to our CEO and Co-founder, Dan Schleifer, about his thoughts on how FDC3 will support Finsemble and the financial industry. Dan said, “To make the great unbundling a reality you need standards for interoperability. The tough part is that standards take a lot of time and buy-in to happen, and people want things they can use now. And once they do emerge, you then need implementations that adhere to the standards, which takes even longer. As a vendor, we want to make the future a reality now—offering interoperability and workflows in [the company’s UI/UX toolkit] Finsemble today—while also fully participating in standards development. So, we commit to our customers that if they build using Finsemble, we’ll support the standards under the hood when they do emerge.” Read Banks and Buy Side Ally for Desktop App Interoperability for more.

Members include:

Algomi – develops and provides software for fixed-income market data.

AllianceBernstein – investment management and research firm.

Barclays – British multinational bank and financial services company.

BGC Partners – global brokerage company servicing the financial and real estate markets.

BNP Paribas – French international banking group.

Citadel – American global financial institution.

Cloud9 – Secure, Compliant Cloud Communication for the Financial Markets and Business Communities

FactSet – financial information and analytic software provider.

Fidessa – trading and investment management systems, analytics and market data software and services provider.

GreenKey – voice collaboration platform with integrated speech recognition.

IHS Markit – provides information and analysis to support the decision-making process of businesses and government.

J.P. Morgan – global financial services firm and banking institution.

Morgan Stanley – financial services firm providing investment banking, securities, wealth management and investment management services.

OpenDoor – offers a unique, cost effective, session-based trading system that enhances liquidity across Off-the-Run Treasuries (OFTR’s) and TIPS.

OpenFin – financial operating system provider.

OTAS Technologies – provider of trader intelligence and decision support analytics, powered by artificial intelligence and big-data analysis.

RBC – multinational financial services company and largest bank in Canada.

RSRCHXchange – online marketplace for unbundled financial research.

Trumid – financial technology company bringing efficiency to credit trading through data, technology and beautifully simple products.

TP ICAP – global firm of professional intermediaries that plays a pivotal role in the world’s financial, energy and commodities markets.

Wellington Management Company – private, independent investment management company.

The Evolution of FDC3 and Finsemble

Finsemble is a committed FDC3 participant. Communication between applications is what makes Finsemble tick. But what is FDC3?

Learn more about FDC3
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