Forefront Communications

HFM Technology: FactSet Deploys On OpenFin In Move Towards Interoperability

Alexandra Hamer

Alexandra Hamer

Data and research specialist FactSet has joined the OpenFin ecosystem and adopted FDC3 interoperability standards.

The partnership allows users to easily deploy FactSet alongside proprietary, internally developed desktop applications.

The integration also means that users will be able to integrate third-party applications already on OpenFin directly into their FactSet workflows.

OpenFin has been building up its financial technology ecosystem over the past year, though partnerships with firms including risk technology vendor KRM22, data privacy specialist eXate and trading technology provider FlexTrade.

The partnership exposes FactSet, which has around 4.2% share of the financial data market and is the third most widely used vendor for the investment management industry, after Bloomberg and Refinitiv, to a new set of clients.

“FactSet is committed to being an open and flexible data and technology partner to our clients, and we are proud to be the first major market data and analytics provider to deploy on OpenFin,” said FactSet CTO and chief product officer Gene Fernandez.

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