The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

3di Purchase of IDLA Adds Licensing Expertise to Data Management Consulting Practice

3d innovations’ (3di) acquisition of Investment Data Licensing Advisors (IDLA) adds the latter’s expertise in market and data licensing best practices with the former’s data management consulting practice and Profiler offering. As part of the agreement, IDLA principal John White will lead the combined entity as 3di CEO. Terms weren’t disclosed.

The arrangement is an extension of “a collaborative client-supplier relationship over the years, formalised in partnership,” White says, after he left the London Stock Exchange – where he spent nine years, most recently global head of data sourcing and distribution – to found IDLA in July 2019.

According to White, “IDLA brings strong and well respected best practices to investment client operating models. In addition, IDLA has provided unique insight on developing effective commercial policies for numerous exchanges and vendors.”

“For its part, 3di brings to the table “its broad client relationships and several best in class product offerings,” he says. “Together, leveraging 3di’s strong product mix and IDLA’s complementary skills will provide 3di the foundation to further assist its current and prospective clients manage their data licensing challenges in a more effective manner.”

With White taking on the CEO role, 3di mainstay Stephen Veasey will assimilate the COO/CFO role, and former IPUG president John Ikel remains Head of Data Licensing.

Following the acquisition, IDLA and all assets and resources will be fully absorbed into 3di, enabling a more evolved and robust set of 3di software and services over time. Clients will gain more depth of industry knowledge and additional executive level negotiations experience as 3di expands with new offices in Charlotte, North Carolina and Fort Lauderdale, Florida in addition to existing offices in New York, London and Amsterdam.

Says Veasey, “We’ve experienced tremendous product growth this year due to the emphasis on having to work remotely and the need for robust online intelligence tools. We enjoyed a long and successful client-supplier relationship with John White during his tenure at State Street and LSEG, and partnered very early on with IDLA when he started the venture. It became clear that our common expertise, values and vision with respect to enterprise market data management, made for a very obvious corporate combination of the two companies.”

Related content

WEBINAR

Recorded Webinar: Market data management, licensing and administration in the post-Covid environment

Market data administration has always been a challenge. For many firms, keeping tabs on permissioning and entitlements, compliance with licensing agreements, and reconciling all that with increasingly complex invoices requires a significant dedicated resource with a clear understanding of the issues involved. As if that weren’t enough, things got more challenging for these teams in...

BLOG

MarketDesk Launches Data Mart with NewChangeFX Partnership

MarketDesk has launched a facility for selling and buying financial content using the cloud-based market data distribution platform it has deployed for private financial services clients. First out of the gate is a partnership with NewChangeFX (NCFX), the FCA-authorised FX benchmark data provider, to offer access to NCFX’s content via MarketDesk’s newly enhanced platform, available...

EVENT

Data Management Summit Virtual

The Data Management Summit Virtual will bring together the global data management community to share lessons learned, best practice guidance and latest innovations to emerge from the recent crisis. Join us online to hear from leading data practitioners and innovators from the UK, US and Europe who will share insights into how they are pushing the boundaries with data to deliver value with flexible but resilient data driven strategies.

GUIDE

Connecting to Today’s Fast Markets

At the same time, the growth of high frequency and event-driven trading techniques is spurring demand for direct feed services sourced from exchanges and other trading venues, including alternative trading systems and multilateral trading facilities. Handling these high-speed data feeds its presenting market data managers and their infrastructure teams with a challenge: how to manage...