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.
Symphony is the most secure and compliant markets infrastructure and technology platform, where solutions are built or integrated to standardize, automate and innovate financial services workflows. The Symphony platform is a vibrant community of over half a million financial professionals with a trusted directory and it is powering over 2,000 community built applications and bots. No minor feat. Let’s take a step back for a minute.
My story with the founder of the company, David Gurlé, started back in 2005. At the time, David was running Reuters Messaging and I was leading the Goldman Sachs Principal Strategic Investments team. A constructive and very collaborative journey between David and myself started then. We agreed on a key fact: the industry needed a neutral and independent collaboration platform that would bring all market participants together.
And so it formally began in 2014. Under David’s leadership, Symphony set out to build this collaboration platform that would meet the industry’s needs for data security, data sovereignty and compliance. At the time, I was at IHS Markit (then Markit) where we had built a directory, which we agreed to combine with Symphony’s collaboration services. Symphony then went through a number of growth phases, which included a scale up of the service, significant increase of the user community and the expansion of its portfolio to include enterprise integrations, third-party apps, bots and other market solutions.
Nearly seven years later the foundations are solid, the core communication stack is complete and our volume 2 story has begun. We will continue to dive deeper into where our clients lead us: a comprehensive, front to back office workflow to tackle industry pain points, inefficiencies or capturing opportunities missed. Symphony will deliver networked market infrastructure, connecting and liquifying workflows powered by collaboration technology.
In terms of priorities, here are our top three:
You can expect to hear a lot from us in the coming months and years. I am committed to balance the needs of our clients with those of our employees, industry and partners as we work to ensure that the human experience is at the center of the technology and market infrastructure we build and roll out.
I’m so proud and humbled to be on this journey with every Symphonian and all the players that will help us shape the future of technology for finance and markets’ tech infrastructure.
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.