This new world allows for quicker and easier deployment, a universal vendor-free language, and applications which can be accessed from multiple computers and form factors (e.g. phone and tablet).
Its progress has been tentative to date, largely because despite these advantages, until now HTML5 applications have lacked the capabilities and advanced features that desktop applications offer. Without these, it’s a case of a better system for IT managers but misery for end users who endure inferior applications with reduced functionality.
Enter three musketeers to lead both IT teams and their users to a better place: Finsemble, a deceptively simple, but powerful, framework, built on state of the art technology provided by OpenFin, and containing AdaptableBlotter.JS a fast, data-agnostic HTML5 grid that ships with all the advanced features that super-users expect and demand.
Multi-widget frameworks are a common feature on the financial desktop. With names like “Finance Dashboard”, ‘Trader Workstation’ or ‘Sales Console’, they host multiple different components communicating with each other and sharing data and events. They are typically built using technologies like WinForms CAB or WPF Prism.
The advantages to the end user are evident: multiple widgets – for trade capture, prices, positions, trades, RFQs, curves, graphs, aggregation views etc. – are visible in one single application. Windows can be sized and positioned to suit, and everything saves and reloads correctly.
Browser limitations have previously made it impossible to deploy such frameworks on the web. Finsemble – developed by the ChartIQ team – changes all that. By leveraging the powerful OpenFin layer (which provides a host of features including security, interoperability, native windowing and much else), it enables multiple widgets to be hosted in a single application.
Finsemble provides the same windowing functionality offered by desktop equivalents, enabling users to size, stretch and position windows as required. And it uses the OpenFin APIs to facilitate interaction and message sharing between these separate components.
The Adaptable Tools team provided the blotters for an initial demo of the Finsemble framework and the results exceeded our expectations. In addition to offering its exceptional range of advanced searching, editing, sorting, filtering, auditing and grid management functions, AdaptableBlotter.JS was also able to communicate directly with other 3rd party components.
From a technical point of view, it was straightforward to integrate AdaptableBlotter.JS into a Finsemble application. The clean, well-documented API meant it took less than a day for us to hook up a demo which showed how to set up message and data sharing between multiple components.
As the image above illustrates, we mocked up a typical trading application with trades, pricing and positions blotters and a ChartIQ chart widget.
Using the OpenFin bus we created a service layer which ensures the positions blotter continually updates in real time as trades are added and edited in the trade blotter, and as prices tick and spreads are amended in the pricing blotter.
The blotters can share messages; for example, filtering on the instrument column in one blotter applies that filter to the other blotters. Neatly, messages can be shared with third-party components. In the image above, clicking the instrument ‘PFE’ in the trades blotter not only highlights that instrument in the other blotters but loads the graph for PFE in the chart window. And the communication works 2-ways, so selecting an instrument in ChartIQ updates the display in the blotters.
Once pricing, aggregation, risk, RFQ and countless other components are added to the mix, the possibilities and potential for HTML5 financial applications get really exciting.
The revolution is happening now as financial services applications migrate from the thick desktop to the web desktop, bringing major benefits for users. Finsemble’s workspace management capabilities, OpenFin’s innovative architecture and the Adaptable Blotter’s fast, powerful, feature-rich grid are leading the charge, and will make sure that everyone makes it successfully into the future.
Learn more about the many features and capabilities by downloading the Finsemble White Paper or sign-up for our introduction to Finsemble with our CEO, Dan Schleifer.