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