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  • Press Releases
  • Tuesday 6th February 2018

MDXT Connect App now available on Symphony market

Improves workflows between front-middle-back office

Enables more effective collaboration

Drives revenue by maximising the value of data

MDX Technology Ltd is today pleased to announce the official launch of the MDXT Connect Symphony App on the Symphony Market, part of Symphony, the secure workflow and collaboration platform of choice for many of the world’s leading financial services institutions. The new MDXT Connect App offers unique integration capabilities with the widest range of industry standard platforms. This enables users to publish real-time market data, like prices, axes, IOIs, etc., into the Symphony environment and collaborate more effectively with counter-parties, both internally and externally. The MDXT Connect App is available immediately for download and evaluation. Additional innovative collaboration features are planned over the coming months.

Paul Watmough, CEO at MDX Technology commented. “Data is now recognised as being one of the most valuable, but least exploited assets that exists within every financial institution. Virtually all firms are now striving to unlock this value, determined to derive new and lucrative revenue streams from it. At the same time, these firms are also under immense pressure to reduce operating costs without compromising business development capabilities. Many also view improved collaboration across the enterprise, and with customers, as an essential requirement to support these important goals.”

Paul continued. “We are very excited to release our App on the Symphony Market (supplementing our existing web and mobile apps on Apple App Store and Google Play) and to be able to provide innovative workflow and collaboration solutions to mutual clients and prospects. This release further cements our offering of secure, controlled, data distribution from any source, to any destination, helping clients to maximise the value of their data.”

The new MDXT Connect App facilitates seamless access to data available from existing market data platforms, such as like Bloomberg, Thomson Reuters, Vela, etc, as well as spreadsheets and other applications. This is streamed in real-time, within Symphony and better facilitates immediate discussion and sharing of important information with other Symphony users. Enterprise grade security features ensure sensitive data can be shared, safe in the knowledge it will not be compromised.

Paul concluded, “We are delighted to be one of the early participants on the Symphony Market and have been very impressed with the support the company has provided to make this important initiative a reality. Following the original MDXT Symphony relationship announcement back in October 2017, we have been in discussion with many mutual clients and are very encouraged by the interest and new business opportunities these are generating. Our overall objective is to continue to provide our customers with industry leading, innovative solutions which support their changing business requirements. The availability of the MDXT Connect App on the Symphony Market is a further demonstration of our ongoing commitment to this goal.”

“We are excited to offer the MDXT Connect App to Symphony’s growing community of users,” said Jonathan Williams, Global Head of Partners at Symphony. “With this app, MDX is offering financial professionals access to their real-time data without ever leaving the Symphony platform.”