JP Morgan led the round in OpenFin and although the startup claims to have no direct competitors, Electron claims to also provide a similar framework for creating native financial applications.
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OpenFin raises $15 million to disrupt Wall Street trading
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The New York-based startup wants to modernize the way capital markets are run by allowing traders and other end users to deploy desktop applications both in-house and to their buy-side and sell-side customers. The startup describes its technology as the “Android for capital markets” — a common layer that allows applications to be deployed and updated instantly and securely.
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