It has been announced that Lab49, an ION company that specializes in technology consulting, and interop.io, the leading interoperability provider for the finance industry, have signed a joint implementation agreement to modernize trading desktop user experiences for traders, portfolio managers, risk managers, and other financial professionals.
As a result of this new partnership, both buy-side and sell-side firms will have access to the full suite of interoperability solutions.Providing customers with a range of io solutions and expert professional services tailored to their unique needs. As a result, finance professionals across the trading ecosystem will be able to streamline operational workflows, improve trading efficiency, and support their digital transformation and platform modernization initiatives more efficiently.. Furthermore, the collaboration allows product development teams and platform development teams to work more closely together, ensuring that each of the aspects of the user interface, performance, and security are taken into account when developing new products and platforms
Furthermore, the collaboration allows product development teams and platform development teams to work more closely together, ensuring that each of the aspects of the user interface, performance, and security are taken into account when developing new products and platforms
With the help of the partnership and its offerings, an institutional broker-dealer has been able to integrate multi-step workflow processes into a single operations platform, which has enabled its traders to focus on business tasks rather than switching between multiple separate applications, chats, and emails.. As a result of another successful implementation, the equity desk of a major investment manager now receives rich, interactive notifications, which allow them to act immediately on trade opportunities directly from the notifications itself. As a result, workflows are unblocked and the cost of navigating complex blotters and order forms is reduced
As a result, workflows are unblocked and the cost of navigating complex blotters and order forms is reduced
It is because of these implementations that both partners are motivated to set new industry standards and raise the bar for desktop integration excellence. Using interop.io's maturity model, joint clients can benefit from strategic alignment rather than technical compatibility as a result of interop.io's maturity model. By developing an actionable long-term vision with associated milestones, firms will be able to support the successful outcome of strategic digital transformation initiatives by building actionable goals for the next five to ten years.
"Investment banks and organizations in the capital markets have been building and developing single-dealer platforms for years, but a great number of them use out-of-date technologies that need to be rewritten and re-architected," said Interactive Practice Head Brian McAllister, Lab49.. Essentially, desktop platforms of the future will consist of applications that are designed to be seamless, encourage users to focus without switching from one task to the next without unecessarily switching between them, and minimize distractions from digital devices. By doing this, the high-volume context switching errors that are a significant drag on productivity can be reduced
By doing this, the high-volume context switching errors that are a significant drag on productivity can be reduced
Moreover, McAllister stressed that platform modernization is an important aspect that has become increasingly important to all participants in the capital market space. It is possible to achieve a better user experience, as well as the associated benefits, through interop.io that would be impossible to accomplish in a web browser or simply too expensive to develop from scratch.
There is no doubt that containers, interoperability, and desktop integrations are the future of trading desktops and that they will be an integral part of sophisticated user experiences going forward," said Dan Schleifer, president and co-founder of the trading platform..The IoT. There is a great deal of technology involved in the development of high-quality applications, but they are also an opportunity to examine what buy-side and sell-side users require and how to meet those needs through custom software solutions. As a result of the complexity of these applications, it is necessary to build cross-functional teams and to pull expertise and domain knowledge from users, developers, and vendors alike. It is through this partnership that we are able to bring all of this together
It is through this partnership that we are able to bring all of this together
Lab49 is currently working on expanding its desktop integration offering, as well as certifying its team as an interop.io implementation partner in the near future.
If you would like to discuss how our partnership can help you evaluate the maturity level of your desktops and provide you with a practical route to achieving successful desktop integration in your company, please contact [email protected].
We provide additional UX and UI technology assessment engagements as part of Lab49's Future of Desktop initiative and partnership in order to help you understand and drive forward your modernization efforts. Send an email to [email protected] if you would like to discuss assessments in more detail.
The company Lab49, owned by ION, develops bespoke technology in partnership with some of the most important financial companies in the world as part of its consulting service. In addition to the firm's focus on finance, it also possesses integrated strategy, design, and product development expertise, providing it with a unique position as a partner capable of delivering best-in-class solutions tailored to clients' complex and variable commercial and technical requirements. Having delivered hundreds of projects for a majority of the world's tier-one investment banks and the largest buy-side firms on a global basis, Lab49 is now an established partner in the financial markets
Having delivered hundreds of projects for a majority of the world's tier-one investment banks and the largest buy-side firms on a global basis, Lab49 is now an established partner in the financial markets
We are an interop.io-powered global powerhouse that enables application interoperability in capital markets and beyond through the merger of Finsemble and Glue42 in June 2023. Interop.io, a company that leverages FDC3 and workflow automation, offers clients a unique way to create Straight-Through WorkflowsTM that result in unparalleled levels of business agility, a more productive workforce, and improved operational control through the creation of Straight-Through WorkflowsTM. 
Founded in 1977, Interop has offices in New York, Charlottesville, London, and Sofia. For more information about the firm, please visit their website at interop.io.
Interop.io is the source of this information
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