OpenFin tech for capital markets goes open source
Application developers get free access
New York-based OpenFin has open sourced its core technology and is giving application developers free access to its operating layer for financial desktop web applications via its OpenFin Community Edition.
The firm, which is a provider of HTML5 runtime technology, says the open source project, called Hadouken, will run under an Apache 2.0 licence. It will enable “direct contribution” to the operating layer from firms both inside and outside the financial industry. Firms supporting the project include Microsoft, Barclays, JP Morgan, Morgan Stanley and NEX Group.
Jonathan Carter, programme manager at Microsoft, says: “By building on the open web stack, Hadouken easily fits into the ecosystem we have created around Visual Studio Code.”
OpenFin Community Edition provides a free commercial licence for applications that don’t require enterprise features and support. According to OpenFin, it offers instant deployment, security sandboxing and “native desktop experience” including windowing, notifications and secure system access.
Last year, OpenFin joined Symphony Software Foundation, described as “a non-profit organisation fostering open innovation around the Symphony secure messaging platform”. Members on its list include BNY Mellon, Citadel, Citi, Credit Suisse, Goldman Sachs, JP Morgan, Morgan Stanley and Wells Fargo.
