Celebrating 10 Years of Symphony: Leading the Way in Fintech
Symphony turns 10! Discover how we’re transforming the financial industry through trust, passion, and cutting-edge technology.
On June 1, 2021, I joined Symphony as Chief Product Officer – the same day Brad Levy became our CEO. That same month, we announced the acquisition of Cloud9: a cloud-native, API-first approach to trader voice. It was a pivotal month in an exciting and eventful year for Symphony, and myself. One year later, we have made remarkable strides to convert Symphony’s potential into transformational value for our customers – and Cloud9, its people and its product, have played an integral role in our progress.
I’m always thinking of ways to articulate the intended value our products deliver to our customers. I recently spoke about the concept of “signal velocity” – which, bear with me – is a physics concept that measures the speed at which a wave carries information. At Symphony, we use this concept as a proxy for how we help our customers accelerate the speed at which their messages (data, ideas, opportunities) get to their best-possible recipient. In this time of macro market uncertainty and increasing technological complexity, signal velocity is more important than ever.
My team’s job is to create products that maximize signal velocity, usually in one or more of the following three ways:
When it comes to maximizing signal velocity, our acquisition of Cloud9 is potentially the best example of the progress we’ve made in the past year. Cloud9 introduced unparalleled user flexibility and location flexibility through its API-first, cloud-native approach to trader voice. The way Cloud9 brought those two capabilities to market – at a time when those were more important than ever – has transformed the way users communicate, both within their teams and with their counterparties.
Now, our product team is leveraging those transformative capabilities to develop an integrated product offering. Previously, trader voice and messaging represented two completely separate tech stacks and user experiences. Through Symphony’s integration with Cloud9, we will introduce capabilities that allow users to seamlessly transition between chat and voice, without switching applications or platforms. If you’re messaging with your team or customer in a room on Symphony, you will be able to immediately open up a direct voice channel with one click – and deliver your signal to your team, instantly.
In the financial markets, unlocking high-value information and getting the right message to the right people at the right time is more crucial than ever. At Symphony, we believe that maximizing signal velocity is the key to cutting through the fog in today’s world and driving transformational value in global markets. I’m very proud of what we’ve accomplished since June of 2021, and look forward to building on that progress with the product team moving forward,
Learn more about Cloud9 and Symphony at symphony.com or contact [email protected] for more information.
Symphony turns 10! Discover how we’re transforming the financial industry through trust, passion, and cutting-edge technology.
FDC3 aims to simplify communication between different financial applications. Traditionally, traders juggle multiple displays, manually transferring data. FDC3 enables automatic context sharing between these applications, saving time and reducing errors. Common uses span from pre-trade to post-trade activities.
Symphony, a member of the open-source foundation FINOS, is deeply involved in developing FDC3 and promoting its use in global capital markets. Our focus is standardizing integration APIs, giving customers flexibility in choosing their Desktop Integration Platform provider while supporting FDC3.
The 2020s are an unprecedented decade of disruption and every market participant is either the disruptor…or the disrupted. Today, we stand at the precipice of artificial general intelligence and every well-run organization should be actively seeking to disrupt themselves right now. Symphony has been able to remain almost a decade ahead of disruption by understanding one simple truth—thriving through disruption. This demands three things from your technology: resiliency, stability and flexibility.