28 May 2017
Book a meeting today

Wall Street big beasts go all in on OpenFin

16 February 2017  |  4488 views  |  0 One way

Some of Wall Street's biggest firms have participated in a $15 million financing round for capital markets software house OpenFin.

Participants in the round include Bain Capital Ventures, DRW Venture Capital, JPMorgan, NEX Group’s fintech investment business Euclid Opportunities, Nyca Partners, and Pivot Investment Partners, alongside an undisclosed list of angel investors and financial industry executives.

Underpinned by Google's Chromium engine, OpenFin's software provides a fast front-end upgrade path and unified interface for desktop applications commonly found in the trading rooms of big ticket US brokerages. The firm's open source-based technology stack enables clients to run high-performance, multi-window HTML5 applications on sell-side and buy-side desktops, cutting update times for UI refreshment and new app deployment from 6-18 months to instant.

Michael McFadgen, managing director, Euclid Opportunities, says: “We are currently in the process of bringing a number of our NEX Optimisation services onto the OpenFin platform. The ability to provide a cohesive and unified user experience is extremely powerful, and it makes our services more nimble allowing us to stay in front of innovations in any market. OpenFin has the ability to bring that kind of unification to the entire financial industry."

Combined with previous Series A and seed rounds of investments, OpenFin has so far raised a total of $22 million in venture funding.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

HTML5 specialist OpenFin raises $3m

HTML5 specialist OpenFin raises $3m

22 April 2015  |  6444 views  |  0 comments | 2 tweets | 1 linkedin

Related company news

 

Related company information

JPMorgan Chase

Related blogs

Create a blog about this story (membership required)
visit www.niceactimize.comvisit dh.comvisit www.ebaday.com

Top topics

Most viewed Most shared
BBVA launches Open API marketplaceBBVA launches Open API marketplace
13666 views comments | 53 tweets | 81 linkedin
Bank/fintech collaboration can take transaction banking to new heightsBank/fintech collaboration can take transa...
7929 views comments | 12 tweets | 24 linkedin
R3 raises $107mR3 raises $107m
7281 views comments | 16 tweets | 16 linkedin
TransferWise launches multi-currency business bank accountsTransferWise launches multi-currency busin...
7103 views comments | 12 tweets | 21 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job