OpenFin has launched a new HTML5 desktop technology, OpenFin Desktop, for the financial industry. The new technology will allow financial services firms to deploy high-performance, interactive trading applications using HTML5.

Mazy Dar, CEO at OpenFin, said, "HTML5 creates exciting new possibilities for trading application design and deployment. We developed OpenFin to unlock this potential and to help the financial industry accelerate its HTML5 adoption.”

The technology allows HTML5 applications to run outside the browser with the performance, functionality and security required for real-time trading. Application providers can use the software to deploy a single application, or, alternatively, to provide customers with a branded desktop app store.

In addition, it helps financial services firms migrate to HTML5, avoiding the need to rewrite existing applications.

OpenFin Desktop can run Flash and Silverlight applications, and integrates seamlessly with Java, C++ and .NET (News – Alert) through an API. The software is built on Chromium, an open-source project from Google that also powers the Google Chrome browser.

Chuck Doerr, president and COO at OpenFin, said, "Trading applications have unique requirements for performance, user experience, security and scalability. OpenFin enables developers to meet and exceed these requirements building with HTML5.”

HTML5 is displacing technologies such as Adobe (News – Alert) Flash and Microsoft Silverlight that have been widely used to develop many trading applications. The financial industry is at a crossroads, however, as the majority of financial industry desktops don’t run a modern Web browser that adequately supports the HTML5 standard.

More critically, trading applications often require functionality that is impossible to achieve within the constraints of even modern browsers.

Founded in 2010 by trading technology experts, the firm’s desktop software empowers financial services firms to deploy high-performance, interactive trading applications using HTML5. The firm is headquartered in New York and is backed by senior executives and entrepreneurs from across the financial industry.

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