2 startups are joining forces — and together they could pose a threat to Bloomberg

pulse

February 8, 2018 2:02 PM

Symphony, a messaging service used by some Wall Streeters, is being integrated onto OpenFin's platform of financial-services apps.

Symphony, a messaging service used by some Wall Streeters, is being integrated onto OpenFin's platform of financial-services apps.
The integration could allow Wall Streeters to create their own pick-a-mix platforms, combining Symphony's chat function with trading and data apps already on OpenFin.
That could pose a threat to Bloomberg's terminal business and Thomson Reuter's Eikon.

Symphony, a messaging service that has gained some traction among Wall Street firms, has been integrated into OpenFin, an operating system built for financial-services, the two companies announced Thursday.

OpenFin hosts more than a hundred applications on its platform, and the integration means Symphony will be "interoperable" with those apps, the same way social media apps on your phone are able to talk with one another.

“By enabling Symphony to run on the OpenFin operating system, we are making it easy for our mutual customers to unify the Symphony desktop experience with their other OpenFin-based apps," Mazy Dar, chief executive of OpenFin, said of the news.

ISymphony, a unicorn, announced a $63 million fundraise in May, bringing the total amount the company has raised to $234 million. $15 million round of venture funding backed by JPMorgan in February 2017

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