LedgerEdge, the next-generation ecosystem for trading, has announced its deployment on OpenFin.
The firm’s web-based graphic user interface (GUI) will be deployed on OpenFin, allowing clients access to LedgerEdge’s distributed ledger technology (DLT)-powered corporate bond trading platform.
Clients will have an opportunity to use this platform alongside other Financial Desktop Connectivity and Collaboration Consortium (FDC3)-compliant trading applications and order management systems.
LedgerEdge says its DLT technology will aid traders in keeping full control over their data and use smart contracts to reveal only certain information, such as order and pricing, under specific conditions.
OpenFin leverages the FDC3 interoperability standards to provide faster and more flexible access to other trading tools and applications, without the need to build customised back-end integrations for each one.
Speaking on the announcement, LedgerEdge’s chief executive officer and co-founder David Nicol says: “The future of trading is digital and interoperable. End-user experience, interoperability and speed of deployment are all critical to driving adoption with front-office traders.
“We are thrilled to be working with OpenFin to seamlessly deliver this DLT-powered trading in a way that delights users and enables even easier integration.”
Mazy Dar, chief executive officer at OpenFin adds: “LedgerEdge is introducing a new, innovative way for traders to engage with the market and access corporate bond liquidity. We are excited to work with them as they use DLT technology to solve market structure problems in this fast-growing space.”
