ION subsidiary and consultancy Lab49, and interop.io, a finance interoperability provider, have formed a joint implementation partnership to modernise the trading desktop user experience for traders, portfolio managers, risk managers and other financial professionals.
The new partnership will offer buy and sell-side firms access to the complete suite of interop.io solutions and services, in order to better streamline operational workflows, improve trading efficiency, and support digital transformation and platform modernisation initiatives. The collaboration allows for product and platform development teams to work more closely, keeping every aspect of the user interface, performance, and security at the centre of their solutions.
Using interop.io’s maturity model, joint clients will benefit from strategic alignment instead of technical compatibility, with the intention that firms have a clear long-term vision with associated milestones to build actionable goals for the next five to 10 years, supporting the successful outcome of strategic digital transformation initiatives.
Interactive practice head Brian McAllister, Lab49, said: “Investment banks and organisations in capital markets have been building and developing single-dealer platforms for years, but many incorporate out-of-date technologies in need of re-architecture and re-writing.”
“The desktop platforms of the future should consist of apps that are designed to be seamless, encourage users to focus without unnecessary switching from task to task, and to minimise digital distractions. This can alleviate high-volume context switching error rates which are a significant drag on productivity.”
“Platform modernization is an important aspect that becomes increasingly essential to any participant in the capital market space,” McAllister added. “With interop.io, firms can achieve a better user experience with associated benefits that would be impossible in a web browser or simply too expensive to build from the ground up.”
Interop.io president and cofounder Dan Schleifer said: “Container frameworks, interoperability, and desktop integrations are the future of trading desktops and will be part of sophisticated user experiences going forward.”
“Building high-quality applications is as much a technology exercise as an opportunity to examine what buy and sell-side users require and how to provide for those needs by creating custom software. These complex applications require collaboration and cross-functional teams, pulling expertise and domain knowledge from users, developers, and vendors. This partnership brings this together,” Schleifer added.
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