DIGITEC launches D3 Lite, a plug-and-play FX pricing engine for smaller market participants

Rick Steves

DIGITEC has launched D3 Lite, a new plug-and-play FX pricing engine offered as a web-based SaaS solution to enable clients to go live within days with no coding or hardware requirements.

The firm, which is also behind the D3 Multi-Asset Pricing Engine and the DIGITEC/360T Swaps Data Feed (SDF) developed in partnership with 360T.

DIGITEC is a specialist provider of FX Swaps technology and data. It has over 45 bank clients globally, including more than 50% of the Euromoney Top 50 FX trading firms.

D3 Lite automates and enhances pricing and distribution, with added auditing

The fintech’s new product, D3 Lite, is derived from DIGITEC’s enterprise-level D3 Multi-Asset Pricing Engine, a global standard for Swaps, Precious Metals and Money Markets core pricing.

D3 Lite was launched to address the growing needs of smaller market participants and allows these firms to access a pricing solution historically only available for the top global firms.

The pricing engine provides key features to automate and enhance pricing and distribution via an intuitive GUI, coupled with additional auditing functionality.

Peer Joost, CEO of DIGITEC, said: “We are already witnessing the Swap market’s rapid growth and continued evolution to a more automated and electronic market. A trend that will continue over the next few years. D3 Lite enables smaller market participants with limited internal resources to participate in that evolution and continue servicing their clients in an efficient manner.”

Stephan von Massenbach, CRO at DIGITEC, commented: “As the FX Swaps experts, we have already seen an increased demand from a large number of firms, helping them to move away from a reliance on Excel. Implementing any new system at a bank is generally regarded as a big and resource-heavy project. An on-premise system requires expensive hardware, IT overheads and ongoing maintenance resources. Delivering D3 Lite as a web-based application reduces these costs and the time taken for clients to go live. Our first D3 Lite clients have already been onboarded.”

DIGITEC moved to London

DIGITEC has recently opened its London office with the aim to get closer to its London-based bank clients and prospects as the City offers access to many regional FICC trading hubs.

DIGITEC appointed four new employees in London as the FX Swaps and NDF pricing and data provider makes moves to expand its footprint. Reporting to Stephan von Massenbach, Chief Revenue Officer, the new hires are George Procopiou, Anil Jassi, Liudmila Artyukhina, and Ioulia Grant.

George Procopiou joins as Client and Sales Enablement Manager. George has 14 years of experience in FX and FICC Client Management, previously working at IHS Markit, Societe Generale and Anglo Irish Bank.

Anil Jassi joins as Client and Sales Enablement Manager. Anil brings 12 years of FX corporate sales experience, having worked in e-FX and FX corporate sales at Deutsche Bank and Moneycorp.

The firm plans to expand D3’s customer base from tier 2 to tier 3 and regional banks, offering them its scalable SaaS solution with simplified setup, maintenance, and costs. D3 is a leading price engine in the Foreign Exchange and Money Market, with customers among the top 100 global acting banks.

Read this next

Institutional FX

Tradeweb’s trading volume hits $23.2 trillion in November

Tradeweb Markets, the operator of electronic marketplaces for rates, credit, equities and money markets, has just reported its aggregated trading volumes for November 2022.

Executive Moves

CAPEX.com hires Vikas Lakhwani to join MENA business

Multi-licensed broker CAPEX.com has appointed Vikas Lakhwani as its general manager for the Gulf Cooperation Council (GCC) region.

Retail FX

Swissquote secures CySEC licence as crypto business grows

Swissquote Group, Switzerland’s provider of online trading services, has received approval from CySEC to operate as a market-making Cyprus investment firm.

Institutional FX

Moscow Exchange still enjoys solid market making volumes

The Moscow Exchange, Russia’s largest exchange group, released its monthly batch of trading volumes and metrics for November 2022 – the latest readings showed flat performance across the board for multiple segments.

Inside View

The Year-End FX Turn: To Everything There is a Season

By Paul Houston, Global Head of FX Products, CME Group

Crypto Insider

A Wrapup of zkSync x Bitrue’s “Ask Me Anything” Session

In another edition of Bitrue’s AMA on Twitter Space, Bitrue invited a special guest from the company behind the creation of zkSync, Matter Labs. Marco Cora, Head of Business Development from Matter Labs, joined the session to give listeners a rundown on what’s up with zkSync.

Technology

New Features, Upgrades, and Improvements: B2Broker Launches Big Update of Its Flagship CRM System B2Core

In a massive update for its flagship product, B2Core, B2Broker, one of the leading providers of liquidity and technology solutions for brokers and exchanges, has released new features. Enhancements in the update include the following to provide clients with more features, flexibility, and security:

Industry News

Will SEC v Ripple end come too late for crypto industry in the United States?

SEC v. Ripple Labs has entertained the digital asset industry ever since being filed in 22 December 2020. Nearly two years in, both parties have addressed the court to pursue a summary judgment in order to avoid going to trial.

Inside View

Outsourcing: The Key to Improving Your ROI

Gen Z, the second generation of digital natives, has already set out on its path to wealth creation, participating in the financial markets and inspiring Generation Alpha to follow suit. The current and upcoming generations of investors are increasingly looking for cutting-edge technology to aid their decision-making process. As investor demographics change and the markets become increasingly global, brokers need to evolve their ecosystem to stay a step ahead. This is the only way to survive the rapidly changing markets.

<