About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

3d innovations Partners with BST to Upgrade Abacus Market Data Inventory

Subscribe to our newsletter

3d innovations (3di), the data management product and services company, has partnered with Swiss-based fintech Banking Software Training AG (BST), to launch a new version of its Abacus Market Data inventory, which will be based on BST’s FinOffice componentry.

“Abacus, which has been around for a number of years, was starting to get a bit clunky. It didn’t have either the speed or the features that were required, especially by our managed services clients, who want to see better reporting,” says John White, CEO of 3di. “We did a bit of soul searching about whether we wanted to go down the path of investing in that technology ourselves – given that we’re not traditionally a supplier of market data expense management software – versus partnering with someone that could help us to up our game in that area.”

BST is providing the technology stack that will underpin Abacus version 4, which will both serve as a stand-alone market data inventory, as well as continue to service 3di’s managed market data clients.

Martin Reichmuth, CEO of BST, points out that the technology partnership with 3di is bi-lateral. “We are currently implementing aspects of the 3di’s 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,” he says.

3di’s plan is to upgrade all Abacus clients to the new version 4 by the end of the year, says White. “We’re already in the implementation phase with all our clients,” he says. “Over time, our goal is to give them more capabilities, make it more efficient, give them better reporting, and then in time, we’ll be able to licence them more appropriately with either the same level of features and/or upgrade the feature set.”

Both parties stress that the relationship is strategic, but non-exclusive.

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: Trade the Middle East & North Africa: Connectivity, Data Systems & Processes

In Partnership With Date: 20 May 2024 Time: 11am London / 1pm Egypt & Saudi Arabia / 2pm United Arab Emirates / 6am CET Duration: 50 minutes As key states across the region seek alternatives to the fossil fuel industries that have driven their economies for decades, pioneering financial centres are emerging in Egypt, United...

BLOG

DTCC Agrees to Acquire Blockchain-Based Financial Technology Firm Securrency Inc.

DTCC, the financial markets infrastructure provider, has announced its agreement to acquire Securrency Inc., a developer of institutional-grade digital asset infrastructure. By merging industry best practices with cutting-edge digital technology, the move aims to further the institutional acceptance and integration of digital assets. “Securrency is an important strategic acquisition that will give us the technology...

EVENT

TradingTech Briefing New York

Our TradingTech Briefing in New York is aimed at senior-level decision makers in trading technology, electronic execution, trading architecture and offers a day packed with insight from practitioners and from innovative suppliers happy to share their experiences in dealing with the enterprise challenges facing our marketplace.

GUIDE

Enterprise Data Management, 2009 Edition

This year has truly been a year of change for the data management community. Regulators and industry participants alike have been keenly focused on the importance of data with regards to compliance and risk management considerations. The UK Financial Services Authority’s fining of Barclays for transaction reporting failures as a result of inconsistent underlying reference...