“The Symphony Foundation’s mandate is very much in line with Ipreo’s own mission of connecting capital markets participants,” said Bill Sherman, EVP, Head of the Global Markets Group at Ipreo. “We believe strongly that openness and collaboration foster innovation, and that by bringing industry participants together we can create workflow solutions that move the financial markets forward. We look forward to working closely with the foundation community to help drive these industry-led initiatives.” 

As part of its engagement, Ipreo will take on an active role in the Foundation. Ken Watson, Chief Technology Officer at Ipreo, has been elected a Gold Director of the Board. Ipreo will engage in Foundation Working Groups such as the API Working Group, focused on Symphony platform APIs to enable server-side integrations with third-party technologies, and the Financial Objects Standardization Working Group, tasked to develop standard patterns of usage and representation to facilitate financial interactions involving humans through the Symphony platform.

Gabriele Columbro, Executive Director, Symphony Software Foundation, said, “We are excited to see a leading fintech player like Ipreo joining our Foundation. This is yet another testament to the increasing momentum in the interest for a true open ecosystem and interoperability within financial services. Fintech platform providers such as Ipreo realize the commercial benefits of collaborating in the open to maximize adoption, interoperability and developer engagement on common platforms, while focusing on delivering true competitive differentiators.”

In joining the Foundation, Ipreo adds to an impressive lineup of active member firms including Bank of America Merrill Lynch, BlackRock, BNY Mellon, ChartIQ, Citadel, Citi, Credit Suisse, Deutsche Bank, FactSet, Goldman Sachs, HSBC, ICAP, IHS Markit, J.P. Morgan, Morgan Stanley, Nomura, OpenFin, S&P Global Markets Intelligence, The Beast Apps, Tick42, Tradeweb and Wells Fargo.