RSRCHXchange first to join OpenFin Community Edition; launches RSRCHX desktop application via OpenFin
London, 16 May 2017: Following the launch last week of OpenFin’s Community Edition, RSRCHXchange, the MiFID II research solution and marketplace, is pleased to announce that they are the first partner to join the OpenFin Community.
RSRCHXchange is now developing its RSRCHX application on OpenFin, the world’s first common operating layer for financial desktop applications, which provides the connectivity and interoperability that will significantly enhance the user experience for RSRCHX clients.
The RSRCHX application gives the option of moving away from web browsers to the desktop, allowing users to access the RSRCHX portal in a next generation segregated desktop application. By developing on OpenFin, RSRCHXchange is enabling both asset management firms and research providers to use its unique live consumption analytics, real-time research assessment tools and research marketplace in conjunction with other best-in-breed solutions to meet their MiFID II and research needs.
OpenFin’s common operating layer is licensed on over 125,000 desktops by 35 of the world’s largest banks and trading platforms. The new OpenFin Community Edition provides free access to the operating layer, making the platform more accessible to the entire ecosystem of capital markets applications.
Vicky Sanders, Co-Founder, RSRCHXchange, commented: “Building the RSRCHX desktop application on OpenFin goes beyond simply improving the user experience of our research platform; with the industry facing a sprint in order to be ready in time for MiFID II implementation in January next year, it’s connectivity which will allow the industry to join the dots, linking together multiple MiFID II solutions.”
Jeremy Davies, Co-Founder, RSRCHXchange, added: “Leveraging OpenFin in this way is one of several developments that we have been working on to build out our connectivity for our customers and providers. It keeps RSRCHXchange at the forefront of financial technology innovation and we look forward to announcing other product upgrades and partnerships with more best-in-class providers, which will further improve our offering.”
Matt Fincham, Streets Consulting
Phone: 020 7959 2235
RSRCHXchange is the MiFID II compliant marketplace for institutional research, a purpose-built unbundling solution. Designed in consultation with asset management institutions and research providers, the RSRCHX platform enables asset management firms to read, purchase and monitor research services from banks, brokers & boutique providers in a more efficient and transparent way. RSRCHXchange was launched in 2014 by an experienced industry team and has grown its user base to over 1,000 buyside firms and over 200 research providers. To find out more, please go to www.rsrchxchange.com or follow us on Twitter @rsrchx
Move fast. Break nothing. OpenFin is the financial industry’s first common operating layer, enabling rapid and secure deployment, native experience and desktop interoperability. The world’s largest banks and trading platforms use OpenFin to deploy desktop applications both in-house, and to their buy-side and sell-side customers. OpenFin investors include Bain Capital Ventures, DRW Venture Capital, Euclid Opportunities, J.P. Morgan, Nyca Partners and Pivot Investment Partners among others. The company is based in New York with offices in London. To find out more, please go to www.openfin.co