VTFinTech, the technology provider of portfolio management and research evaluation services, today announced that it has joined the OpenFin platform to quickly and seamlessly onboard, deploy and deliver its Parity One software at scale to financial institutions.
Parity One is a platform that is used by investment firms to build and manage systematic investment strategies end to end. Leveraging its factor-based approach to portfolio construction, its proprietary research evaluation methodologies combine quantitative and qualitative measures to evaluate research under MiFID II.
OpenFin is the first common desktop operating system designed specifically for users in the financial services industry. Used by the banks, brokers, asset managers and hedge funds, OpenFin standardises the operating environment for hundreds of industry applications on financial desktops, allowing seamless deployment, interaction and interoperability between apps to enhance the workflow and increase efficiency.
Vishnu Thurpati, CEO of VTFinTech, explained why he is excited about this:
The OpenFin roster of hundreds of applications and expanding client base allows VTFinTech to seamlessly deploy its Parity One based services to all of Openfin’s clients and integrate into key client workflows.
Clients can not only manage investment portfolios smartly using Parity One, but also exchange investment ideas between sell side and buy side, with just a click. Our proprietary research evaluation service will bring the multi-asset investment research to a level playing field.
Adam Toms, CEO of OpenFin Europe, commented:
We are excited to welcome VTFintech to the OpenFin community, joining the growing number of providers who are offering innovative solutions to the asset management industry.
VTFintech’s Parity One solution helps the investment firms tackle the regulatory impact of EU Benchmarks Regulation and assists with quantifying the performance of investment research, a key requirement under MIFID II. VTFintech will be able to collaborate with other companies in the OpenFin ecosystem to offer interoperable solutions to asset managers and hedge funds.