3d innovations and BST Agree Strategic Technology Partnership

Entry-level Market Data Inventory Abacus upgraded with BST componentry.

London (UK) – October 17, 2022 – 3d innovations (3di), a global data management product and services firm has released version 4 of its Abacus Market Data inventory based on BST technology.

John White, CEO, 3di, said, “We are not traditionally a supplier of market data expense management software, but we do have an older light-weight inventory – Abacus, that we have been using for many years to underpin our smaller managed service clients. It has become increasingly clear – through direct demand on us – that there is place in the market for an up-to-date entry-level Excel replacement tool for those firms who cannot justify the cost or complexity of a heavy-weight market data inventory.”

“Our Abacus system needed a technology refresh so we started to rebuild components of it – some of which will remain – when we were presented with the opportunity to utilise BST’s FinOffice components to complete the rebuild without re-inventing the wheel,” he added.

Abacus version 4 will now serve as a stand-alone market data inventory, as well as continue to service 3di’s managed market data clients, on a more contemporary, state of the art technology stack.

Martin Reichmuth, CEO of BST, further qualifies the relationship. He said, “Our technology partnership with 3di is bi-lateral. We are currently implementing aspects of the Profiler vendor intelligence platform into FinOffice and looking at some of the functional components within their Data compliance & Dependency Management (DCDM) product that we might re-use.”

Both parties stress that the relationship is strategic, but respectfully non-exclusive as both firms look to strengthen other partnerships to the betterment of their individual product and service lines.

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About 3d innovations

A global data management competency specialises in the four distinct areas of enterprise market data: market, reference, computational/derived and alternative data. 3di uses its global markets knowledge to offer investment banks, brokerages, central banks, investment managers, hedge funds, private banks, commodity trading houses, wealth managers and data aggregator/originators best practice data management advisory services. www.3di-ltd.com

About BST Banking Software Training AG

Founded in 1989, Swiss-based fintech BST Banking Software Training AG globally supports organisations across the banking, pharmaceutical, telecommunications and insurance industries with innovative solutions to manage their digital assets efficiently, securely and compliant. For more information, please visit www.bst-ag.ch

A successful launch of a new Market Data event series in Switzerland

After more than two years of absence, BST - Banking Software Training AG, together with oraise, CboE and TRG Screen hosted a networking event for the Swiss Market Data Community in Zurich.

Organized by oraise Schweiz, «Lifting the veil of Market Data» was focused on the administration of data usage, with particular focus on exchange policies and index contracts.

After a short introduction about the event concept, CboE gave insights on products and services and how regulation has an impact on the orchestration and operation of market data processes. TRG Screen revealed best practices around the administration of application data wheras BST layed a particular focus on index contracts and how transparency of usage can be increased.

Frank Verstraeten, key coordinator of the event and former organizer of the Swiss Information User Group Event (SIPUG) states:

This event poses the start for a new event series where we aim to bring together professionals with different backgrounds across technology, operations and administration to create an active community and encourage information exchange.

The insightful presentations were followed-up with ample time to discuss and network. Curious to learn more about a compliant use of index data through a structured approach? Download the presentation below and contact us for more insights.

BST Lifting Veil MD

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Download PDF • 7.08MB

Stay tuned on more information about dates, locations, topics and format over the next few weeks.

If you are interested to building up this community, contact us at

marketing@finoffice.com

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Trust Is Earned

In April last year, BST Banking Software Training AG (BST) announced a strategic collaboration with Advanced Fintech Options (AFO) in Africa and the Middle-East enabling clients to benefit from an industry-leading market data license mangement software provided through a dedicated group of long standing local professionals. Today we are thrilled to announce that this collaboration is bearing fruits and we happily welcome Coronation Fund Management to our community.

For more details, please read through our partner's press release below and make sure to visit Advanced Fintech.

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In October 2021, Advanced Fintech Options (AFO), proudly announced that they replaced the Market Data contract and entitlement management system underpinning their managed service with Coronation Asset Management, with their new platform; AFO Monitor.

Although AFO Monitor is a relative new comer in the world of Market Data contract management platforms, its based on a tried and trusted technical platform enabled by Swiss Market Data and technology stalwarts, BST.

Kelvin Thomson, AFO COO, states:

“Partnering with BST has enabled AFO to create an incredibly flexible Market Data contract and enablement management platform that not only achieves feature parity with current competitors, but enables AFO’s clients to focus on the allocation and contract lifecycle across the entire organisation and not just the treasury. In addition to Market Data, we can now track virtually anything from IT Software licenses, Cloud services, telecom usages or even utilities costs. Being able to extend the incredibly granular and precise contract, allocation and reporting functionality needed to effectively manage market data to the rest of the organisation not only drives operational efficiencies across the entire organisation but also provides a very attractive ROI by allowing the organisation to potentially replace multiple contract and allocation systems into a single, cohesive service that ties together traditionally very siloed parts of the business. It’s only through the fusion of effective, local service and innovative, world-class technology can we make this possible.”

An excellent case in point is that AFO is working with Coronation Asset Management on not only their Market Data management command and control – but also extending the functionality of AFO Monitor to also track contracts and billing hours of companies and individuals that provide key consulting services to Coronation to ensure the effective management of the consultants and their budgets throughout the year.

Two key features of AFO and AFO Monitor are a local support team ensuring effective account management and client support with a strong focus on knowledge transfer and win-win partnerships, but also AFO Monitor’s relationship with BST allows for the rapid development and introduction of client feature requests. Feature requests that with other providers can take months or even years to introduce, are now brought to production readiness in virtually weeks or even days in some cases. It is the nexus of services AND technology that sets AFO apart from the competition.

As a long standing partner of Coronation, it is the shared business mantra that enabled AFO to complete this challenging project in record time: Trust is earned.