About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Cosaic and Aiera Partner to Deliver Plug-and-Play Desktop Interoperability

Subscribe to our newsletter

Smart desktop technology specialist Cosaic – formerly known as ChartIQ – has partnered with Aiera, an event-monitoring platform to provide plug-and-play interoperability of Aiera’s components with other applications on client desktops. Aiera allows hedge funds, banks and corporates with live monitoring of Wall Street events, via desktop and mobile applications and APIs.

Aiera used Cosaic’s open-sourced Financial Desktop Connectivity and Collaboration Consortium (FDC3) Workbench and Finsemble Smart Desktop Designer to make its applications compliant with FDC3 standards in order to share and synchronise data and context with other desktop applications, out-of-the-box. FDC3 is a common language and API that applications can use to seamlessly communicate with each other so that they can interoperate immediately once installed on an FDC3 desktop agent. In October last year, Cosaic open-sourced its FDC3 Workbench and contributed it to FINOS (the Fintech Open Source Foundation), making it available at no cost for developers.

“Aiera did most of the work on this themselves,” says Cosaic CEO and co-founder Dan Schleifer. “We introduced them to our Smart Desktop Designer and to the open-sourced FDC3 Workbench, and they were able to very quickly get their applications FDC3-compliant. It’s exactly why we open-sourced the workbench. We want to make it as low friction as possible for application providers like Aiera to add desktop interoperability. And we’re not just making it easier for vendors, but also for internal application developers across the buy side and sell side too.”

According to Schleifer, firms can leverage Cosaic’s no-code/low code solution to create an integrated desktop environment and immediately connect FDC3-compliant applications, to enable rapid integration into client workflows. “Supporting FDC3 and validating compatibility with Finsemble — at zero cost to vendors — ensures that their applications will work everywhere, across all interop platforms, he says. “We need to stop building applications and start building workflows. That mindset change is really important. It’s the new status quo, and Aiera is at the forefront.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Unlock the Future of European Equities & Trading Technology: 2024 and Beyond!

In a world where the financial landscape is perpetually evolving, 2023 has brought widespread discussions around liquidity, regulatory shifts in the EU and UK, and advancements like the consolidated tape in Europe. For the year ahead in 2024, the European market is poised for transformative changes that will influence the future of trading technology and...

BLOG

The Key to Unlocking Alpha: The Data You Didn’t Know You Needed

By Brandon Tepper, Senior Vice President and Global Head of Data at Nasdaq. Markets can be up or down, volatile or steady, good or bad. But what is consistent is that companies and investors need to make important data-driven decisions to properly navigate them. The difference between success and failure lies in what types of...

EVENT

Data Management Summit New York City

Now in its 14th year the Data Management Summit NYC brings together the North American data management community to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.

GUIDE

Managing Valuations Data for Optimal Risk Management

The US corporate actions market has long been characterised as paper-based and manually intensive, but it seems that much progress is being made of late to tackle the lack of automation due to the introduction of four little letters: XBRL. According to a survey by the American Institute of Certified Public Accountants (AICPA) and standards...