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Roderick Manzie joins 3d Innovations as COO to further the Data Management Consultancy's growth
3di Launches Market Data Compliance & Dependency Management Solution
3di Boosts Profiler Data Comparison App
3di ROLLS-OUT Integrated Market Data Bureau to North American BUY-AND SELL-SIDE Firms
Roderick Manzie joins 3d Innovations as COO to further the Data Management Consultancy's growth
3di's Intelligent Market Data Solutions Deliver Significant Cost Savings to Rapidly Growing Client Base
London (UK) - 17 January 2012
3d Innovations, the data management consultancy specialising in market, reference and derived/computational data, today announced the appointment of Roderick Manzie, as Chief Operating Officer. Roderick joins the Board and will manage the legal, commercial and financial aspects of the company to build an infrastructure for growth. The appointment marks a point of significant growth for 3d Innovations, as it prepares for the continued rapid market adoption of its Profiler and Data Compliance and Dependency Management (DCDM) market data solutions through 2012.
Stephen Veasey, CEO, 3d Innovations, comments: "Cost savings are back on the agenda for all financial institutions in today's challenging markets. 3d Innovations' detailed industry knowledge and supporting intelligent market data solutions provide immediate Return On Investment for our global client base. The company's significant growth in 2011 clearly demonstrates the value we provide; we have doubled in size over the past year and forecast continued expansion through 2012."
Roderick Manzie is a market veteran. Co-founder of MSB Consultants in 1990, Manzie was responsible for finance, commercials and administration from startup mode to the firm's ultimate multi-million £ acquisition by NASDAQ-listed New era of Networks (NEON).
Roderick Manzie, COO, 3d Innovations, comments: "3d Innovations provides exactly what the market needs in these times of austerity - and that is the ability to dramatically cut costs and mitigate compliance exposures without any negative impact on daily business, service levels or efficiencies. The cost impact of data provision, storage and management within buy- and sell-side firms is enormous. 3d Innovations brings this area back under control and enables the operational functions to make intelligent decisions that will help future proof their entire organisation."
3di Launches Market Data Compliance & Dependency Management Solution
London (UK) - 12th July, 2011
3di, a software and services specialist in market, reference and derived/computational data, today launched DCDM, its Data Compliance and Dependency Management solution. DCDM is a web-based tool that enables financial institutions to store & evaluate user, desk, application and exchange dependencies on third party market data. The solution will enable clients to pro-actively manage their vendor, broker, exchange & other third-party content exposures to ensure they are subscribing to the right market data providers for their requirements, and that they are compliant with each provider's contractual constraints.
Also available as part of 3di's managed market data service, DCDM efficiently and cost-effectively manages daily tasks associated with the administration analysis and control of market data within a firm's application infrastructure.
Martina Satherlund, Head of Client Services, 3di, comments: "DCDM provides a single reporting source of central intelligence for information on a financial institution's market data and application dependencies. With new commercial policies coming out from market data providers, brokers and exchanges all the time, it is crucial that financial institutions stay on top of how data is being used and distributed within the organisation. 3di's DCDM provides views on each application's subscriptions, contributions, upstream/downstream connections, internal/external pricing and reference dependencies - all assisting with external data audits."
Satherlund continues: "Accurate and efficient market data management is relatively scarce - which is absurd when you consider the budget financial institutions allocate to this area. The collection, centralised storage and maintenance of a firm's market data dependencies is key in winning the battle against the exchanges' and information providers' changing attitude to data's value and usage. 3di's DCDM provides users with a more detailed, intelligent picture of their risk and financial exposure in this area and allows them to lower the total cost of market data across the institution."
3di's DCDM integrates seamlessly with the well-established 3di Profiler database of global market data solutions as well as the industry leading inventory tools such as MDM and FITS. Clients are enabled to retrieve exchange policies related to their applications' processing requirements and upload, store and retrieve contracts, schematics, instrument lists and user lists.
3di Boosts Profiler Data Comparison App
Author: JP Carbonnier
Inside Market Data | 17 May 2010 | 21:34
UK-based market data software vendor and consultancy 3D Innovations is updating its flagship Profiler application, which provides detailed descriptions of data products and services, to enable market data users to compare products and identify alternative applications that could yield cost savings, officials say.
Version 2 of Profiler, due for release in the third quarter of this year, will include two new content modules-Service Costs and Exchanges-which will provide pricing information across all data products, and more detailed information on exchange data products and usage policies, respectively.
The existing version of Profiler offers three modules-for products delivering market data on equities, fixed income and commodities. Data administrators can currently compare products for functionality and content coverage, but cannot make cost comparisons because Profiler does not include pricing information. By adding a separate Service Costs module that categorizes data products and services into pricing bands, Profiler will enable users to quickly identify lower-cost products with similar functionality.
While Profiler currently includes information on exchange data products, the new Exchanges module will provide much more detailed insight and broader coverage of exchanges, along with information outlining the licensing terms and conditions of each venue.
3DI makes Profiler available as a hosted, browser-based application, so migrating existing clients to the new version will be a relatively simple process, says Martina Satherlund, manager of market data research and analysis at the vendor.
Other new features include a more flexible front-end interface that firms can white-label with their own branding and make available to their market data departments over their corporate intranets, a redesigned underlying database of product information to enhance Profiler's search capabilities, and a blog for users to share opinions on products.
Satherlund says the redesigned database will enable users to more quickly and accurately perform text searches for products by name or specific content and capabilities, or by individual product categories. To support the new database, 3DI's team of research analysts is continuously expanding the categories used to describe each data product, providing more granular detail for both the content and functionality available in each, she adds.
The blog feature will provide a channel for users to share their feedback on vendors and their products-either publicly with all other Profiler users, or privately within their own organization. "Our analysts are constantly staying abreast of new product developments at vendor firms and assessing the strength and weaknesses of each, but we wanted to give the user community an opportunity to share their own personal experiences of using those products and services," Satherlund says.
MDSL and 3d innovations limited (3di) have entered into an exclusive venture to integrate and re-sell the content analysis data of 3di’s Profiler infobase.
28-03-2008
London, New York and Stamford CT, 28 March, 2008 - MDSL and 3d innovations limited (3di) have entered into an exclusive venture to integrate and re-sell the content analysis data of 3di’s Profiler infobase. Access to the Profiler data will become available within MDSL's leading on demand market data management and P2P solution (MDM).
Ben Mendoza, MDSL’s CEO says “Incorporating an intelligent link between MDM and 3di’s Profiler data adds a new dimension to market data management. Not only are we adding the depth and detail of 3di’s information to our existing financial services directory, but the link also adds business intelligence to our online Request and Procurement tool (RPM). An example benefit is that someone requesting or authorizing a new market data service in RPM can instantly see all the equivalent services options available and make the most appropriate choice from both a data content and cost perspective.“
Stephen Veasey, CEO of 3di adds "Given the pressure of Market Data functions to reduce costs during this uncertain year, this venture couldn't have come at a better time for the market-place. Administrators and analysts using the combined functions of both products will have more information than ever before to enable them to best service their institutions market data overheads."
About 3d innovations limited (3di)
3di's mission is to provide successful and practical solutions through the innovative design and effective delivery of market data. 3di's Profiler infobase provides detailed qualitative and quantitative analysis of over 1000 Market Data products and services. The granular breakdown across 200+ data elements allows for direct comparison between both similar and dissimilar services available across the global financial markets.
Contact 3di: +44 870 165 1662
About MDSL
MDSL is the world leader in OnDemand Telecom and Market Data cost management services with over 150 customers worldwide. Customers are mainly large financial services leaders who are the forerunners in implementing cost saving measures including telecom and market data cost management solutions.
MDSL’s solution, provided as an OnDemand service, allows global customers to drastically improve their cost control and reduce spending through accurate inventory and bill reconciliation.
3di ROLLS-OUT Integrated Market Data Bureau to North American BUY-AND SELL-SIDE Firms
Cantor Fitzgerald Chooses 3di for Global Market Data AnalysisLondon UK - 25 September 2007 3di, an independent market data management and IT specialist, today announced plans to roll-out its Market Data Bureau (MDB) to the North American markets following its first global outsourcing deal. Global financial services firm and investment bank Cantor Fitzgerald has extended its use of 3di’s market data services, adopting all analytical components of the MDB.
3di plans to roll-out its Market Data Bureau (MDB) to the North American markets following increased demand for an all-encompassing outsourced market data management solution from buy- and sell-side institutions throughout the region. 3di has a number of clients using components of MDB in the US and has expanded its team of global sales and technical support professionals to support the growth of its Bureau offering.
Simon Walsh, global head of market data, Cantor Fitzgerald, comments: Cantor Fitzgerald has experienced the benefits of 3di’s longstanding market knowledge and industry expertise. By partnering with 3di in our global market data analysis activities we now have continuous access to experienced consultants. Cantor decided to retain the services of 3di after successful implementations in the UK and Europe and has subsequently taken the relationship global.
MDB is available as a complete, fully outsourced solution or as individual products or services. It helps financial institutions manage user profiling activities, product evaluation and contract negotiations as well as inventory management, budget tracking, invoice reconciliation and business reporting.
The MDB suite of solutions includes: Profiler, 3di's web-based intelligence tool which provides firms with immediate access to information on multiple data sources helping them to quickly identify the value of each source; Desk Profiler, which stores and helps analyse end-user requirements; and Abacus, a web-based inventory management tool that allocates and manages market data costs.
Stephen Veasey, director of projects and strategy, 3di, comments: With the huge rise in the diversity of market data sources, along with increased regulatory obligations, market data management has become a complex and expensive commodity. 3di's products and services have proven successful in addressing these challenges and financial institutions are realising the benefits of outsourcing. 3di's MDB takes this a step further by providing a complete solution that significantly reduces costs across a firm's market data operations, whilst increasing efficiencies and effectively meeting business needs.vprescott@3di-ltd.co.uk
About 3diwww.3di-ltd.co.uk
3di, an independent market data management and IT specialist, combines management consulting, software development and IT professional services to offer part or fully outsourced solutions. Headquartered in London, with consultants worldwide, 3di offers a range of specialised offerings for buy- and sell-side institutions, including market data administration and analysis. Its cost-effective products integrate with existing IT infrastructures, to streamline data processes, improve efficiency and optimise operational performance. 3di?s Market Data Bureau offers Profiler, a unique knowledge management tool, Desk Profiler, a user requirements storage tool and Abacus, a cost allocations and service management application.
About Cantor Fitzgerald, L.P.
Cantor Fitzgerald, L.P. is a leading global financial services firm. The Cantor
Fitzgerald franchise includes institutional equity and fixed income sales and trading,
investment banking, private equity, and asset management, as well as Cantor LifeMarkets,
Cantor Gaming, Cantor Index, Cantor CO2e, Cantor Entertainment, and other businesses
and ventures. For nearly 60 years, Cantor Fitzgerald, a proven and resilient leader,
has been committed to delivering a unique brand of unparalleled product expertise,
innovative technology and customer service to its clients around the world. For
more information, please visit www.cantor.com.
Industry News
Market & Reference Data Management
Four more top tier investment banks procure 3di’s Profiler software for market data analysis...
Further to its continued marketing in North America, four more major sell-side institutions have now taken Profiler on a global basis. Including outsourced arrangements this has brought the number of institutions using Profiler up to 18, and includes users in all four major continental regions Europe, America, Asia and Australasia.
(Q1 2008)
Spread-bet house reviews Market Data costs with 3d innovations and realises Return in excess of 2000%...
Using tools and methodologies normally reserved for banks and asset management houses, 3di located unnecessary Market Data spend in a city operation specialising in Spread-betting and CFDs. With minimal consulting fees and immediate implementation the savings over three years project a return of approximately 2166%!
(December 2007)
Buy-side house with £14Billon funds under management review Bloomberg use with 3d innovations...
Analysing Bloomberg usage versus data and functionality requirements (profiling users, using 3di’s proven ‘tiering’ model). Compared findings to appropriate alternatives in the market, taking client’s existing commercials into account (with the various vendors).
Savings between 50% and 90% were identified. In some cases as little as 2-5% of Bloomberg was being utilised!
(July 2007)
Major inter-dealer broker outsources global Market Data Analysis projects to 3d innovations...
3di’s Market Data Bureau is a consummate market data solution covering Administration and Analytical operational functions. Having previously had the experience of 3di's longstanding market knowledge and industry expertise, this broker retained 3di’s MDB service on a global scale. Activities include user profiling, product evaluation and contract negotiations as well as inventory management, budget tracking, invoice reconciliation and business reporting.
(September 2007)
Asset Manager sources data-feeds review from 3d innovations...
The assessment and potential for cheaper data sources and more efficient delivery drove this review: Analysing Security Master, Pricing and Derived Data universe from existing Bloomberg feeds; Analysing the core in-house and third party applications and their use of models and external data; Conducting business and technical interviews to determine the scope and cost of data use; Cost-Benefit analysis of incumbent data solution (Bloomberg per Security, RIMES and ad-hoc indices into the CADIS/Xenomorph data-warehouse environment).
Proposed solution for more economic and effective data-feeds pivoted on alternative suppliers and differing Bloomberg access methods.
(May 2007)
MAJOR UK bank and trading organisation renew 3di’s Market Data Bureau (MDB) for 3rd consecutive year...
This company continues to retain 3d innovations for management of day-to-day MDS administration and proactive management of MDS vendor contracts. Key benefits include effective day-to-day management of invoices, costs, budgets and vendor contracts. Additionally awareness is created within the business of MDS costs and the potential for containment.
(November 2006)
Securities house reviews Market Data costs with 3d innovations and realises Return in excess of 1500%...
With focus on third party services and a Bloomberg replacement strategy, 3di rationalised excess market data spend in a European securities operation. With minimal consulting fees and immediate implementation the savings in the first year alone were $500k.
(Summer 2006)
European & US Investment Management Firm takes 3di Profiler and related services...
Provision of 3di’s unique Profiler tool (renewed annually) added to this Market Data function for ongoing support into London offices with respect to day-to-day analytical activities. Training and regular updates on market data strategy, tactical approach, vendor relationships and commercials are delivered as part of the service.
(May 2006)
Strategic market data desktop cost review commissioned by Global Investment house...
The 3di approach focussed on gathering and deciphering information from the internal market data database – FINOFFICE and conducting user interviews and determining MDS usage and requirements. On conducting a cost-benefit analysis of ‘true’ business requirements versus incumbent and alternative products / solutions, cost saving opportunities of approx £1.3M per year were identified
(Autumn 2005)
3d innovations provide market data evaluation and product survey...
Tier 2 Information Provider has secured the services of 3d innovations to undertake a market assessment of its advanced prototype for pricing feeds with a view to devising a product release strategy.
(May 2005)
Market Data Cost Rationalisation Review & MDS Administration Process Review Carried out for Tier 1 Global Investment Bank...
The scope of this Global project on 3 continents, included reviewing incumbent MDS contracts and user profiles. On analysis, a listing of suitable options in order of cost saving potential and assessing technical and commercial feasibility was proposed. An additional review was undertaken analysing team's procedures and processes. BAU workflow and key observations and recommendations of more efficient processes were defined. Consequently, recommending alternative team structure for more effective day-to-day and strategic business management.
(2004-2005)
Risk Management
3d innovations implement risk aggregation project for Credit Derivatives
Following an investment banking acquisition, 3d innovations have been involved in providing combined views of valuation and risk across the two businesses, thereby enabling management of the combined book prior to full migration.
(2008)
Global broker engages 3d innovations to implement risk management systems across multiple business domains
The objective for this global financial markets player was to implement an Enterprise-wide Risk Management system across its group of companies, providing for the following common functionality:
Position Keeping, Real-time Pricing and Client Margining, Scenario Analysis and Stress Testing, Market risk exposure reporting and advanced risk measurement, aggregated client positions across business lines, aggregated positions and exposures across business lines.
The project was divided into a number of business oriented streams to reflect priorities and technology/ cost constraints. The core system implemented was Sungard’s Adaptiv Technology, supplemented by various bespoke market/reference data and trade feed interfaces.
(April 2006-2007)
Major energy merchant engages 3d innovations for ITAR design and implementation...
Providing the Business Systems Architecture for an integrated Trading and Risk Management operation involved discrete responsibility for liaison with front/mid-office users, management of requirement specifications and top-down mapping of business processes. Responsibility also extended to design frameworks and technologies/products deployed in support of a multi-tier Intranet and Data Warehousing solution.
- Gas Forwards, Futures, Index and Flex trades
- TPMs (fixed-priced forwards)
- Gas Swing Options
- Options on gas futures
- Power CFDs (Contract for Differences)
- EFAs (Electricity Forward Agreements).
- ZAINET – Deal Capture/Position Keeping (vanilla energy commodities)
- Sungards’s Adaptiv enterprise-risk management (underlying technology includes .NET)
- Java/MQSeries/TIB RV (deal capture – energy derivatives)
- RMDS and Reuters Commodities and Energy 3000
(2001-2002)
Enterprise Architecture & Integration
3di provide development competency into Major online betting software initiative...
Working with partners Amelco, 3di development capability has been engaged to work on gaming architecture and implementation. Combining Amelco’s targeted trading application and architecture with 3di’s integration capability through Contextum, a number of opportunities have been realised and are currently underway.
(Q1 2008)
3di develop integration components for Basel II and associated Risk/Finance projects...
As part of its Basel II and Risk programme this international company required a complete overhaul on trade feeds and other required datasets:
- Designed integration programme for Market Data and Reference Data
- Implemented additional internal Reference data sources for trade record enrichment
- Implemented Interactive DataCorp’s FTS reference data feed as a primary external source
- Implemented a consolidated feed for Fitch, S&P and Moody’s credit ratings
- Migrated existing Bloomberg market data sources to Reuter’s RMDS for server-based feed marked-to-market requirements
- Modelled FX grids, volatility surfaces, yield curves and other price and risk factors from some 25,000 underlying securities
- Utilised 3di’s Contextum framework for integrating all application and data sources.
3d innovations release open integration framework for Enterprise Integration...
Further to its ongoing work with large investment banks, 3d innovations is making its CONTEXTUM framework available on an open-source, code plus support basis.
(July 2006)
3d innovations expertise added to a global Application Integration Infrastructure Programme...
Designing a global Application Integration framework to provide a standard way of integrating applications and implementing feeds across the enterprise.
This included delivering a cross-platform Adapter Framework providing support for the bank’s four major messaging transports (JMS, EMS, TIBCO RV, MQSeries).
(2005-6)
3d innovations design and implement TIBCO EMS bus at global broker...
As part of a global front/mid-office integration project 3d innovations have coupled TIBCO’s JMS offering ‘Enterprise Message Service’ (EMS) with Sybase ‘Real-Time Data Services’ (RTDS) to instantiate a real-time event-driven, Enterprise Bus.
(September 2005)
3d innovations implement global RATES Distribution System based on RMDS/TIBCO Rendezvous for investment bank...
Global RMDS implementation of Distribution Hub components (P2PS, RTIC) together with design of a seamless TIB RENDEZVOUS messaging backbone to support raw market data and derived data dissemination. Also, included design and implementation of data/messaging monitoring and management scheme based on TIB HAWK and ITRS‘ Geneos software.
Architecture focussed on a resilient Rendezvous Routing Daemon (RVRD) infra-structure to support global message streams, with implementation of abstractedJMS classes to homogenise application integration to messaging platform. Design and development of a web-services (SOAP and WDSL) based broker to facilitate Quality-of-Service data channels to applications.
Other benefits of the project included:- Quantified ACTUAL business benefits for a Triarch-to-RMDS migration
- Upgraded all TIBCO ActiveEnterprise components to the latest versions
- Upgraded the internal integration platform from older XML and native Rendezvou libraries to a JMS layer.
Dependancy Management
3di develops Proof-of-concept deployment for ADaM spreadsheet control...
Major global investment bank embarks on an extension of the dependency management framework of ADaM to manage the dependency of business process
on the ubiquitous deployment of pricing and contribution spreadsheets.
(June 2008)
Major Energy player implements 3di’s ADaM software for integration management
3d innovations has implemented ADaM to manage the highly complex dependency matrix within an integration environment, involving thousands of components. ADaM has reduced operational risk and enabled real-time impact analysis of component outages and changes. Impact can be calculated for both other components, and critical business processes.
(December 2006 - January 2008)
New York branch of European bank hosts 3di’s Prescience Workshop...
3di facilitate a status Review of existing Data Landscape project. Scope included an evaluation implementation methodology, GAP analysis of ADaM benchmark versus selected product, a ‘Best Practice’ guide, and identification of synergies with wider global Systems landscape initiative.
A key derived benefit was that 3di identified additional drivers for System Landscape project potentially offering operational savings of US$1million.
(July 2006 )