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DIGITEC, a provider of multi-asset pricing technology and workflow automation, has launched D3 Channels, a service that enables traders to automate the generation and distribution of multiple FX price streams from a single core price.
The new service is an addition to D3 Pricing, DIGITEC's platform for pricing, curve and yield curve construction. D3 Channels is designed for trading desks that directly manage client pricing, allowing traders to build rule-based and scenario-based logic that automates pricing decisions according to client tier and volume band.
Using the service, a trading desk can form and manage a core price, then continuously distribute multiple prices for the same instruments and tenors depending on a client's tier, trading volumes, and market conditions.
Peer Joost, Chief Executive Officer, DIGITEC
Peer Joost, Chief Executive Officer, DIGITEC said:
“We developed this service in response to traders and eFX businesses which want more workflow automation but still need to control the trader element of their client pricing. D3 Channels simplifies the management of volume-specific and tier-specific pricing adjustments and ensures that the system automatically determines the exact price to be sent to clients.”
Peer Joost, Chief Executive Officer, DIGITEC commented:
“The launch of D3 Channels enhances our suite of D3 Pricing services, which drive efficiency in FX Swaps pricing and electronic trading workflows. Our modular services address banks' needs in market data collection, core pricing, distribution and order management.”
Marco Kuper, Chief Product Officer, DIGITEC
Marco Kuper, Chief Product Officer, DIGITEC said:
“D3 Channels enables trading desks to scale their operations, moving higher volumes to electronic trading channels. The new service significantly reduces the number of manual responses to individual quote requests, meaning traders can focus on creating, executing, and monitoring active strategies by defining automated workflows. As a result, the desk can provide accurate, smart, granular market-sensitive pricing faster than ever.”
D3 Channels is already live at a major European FX bank, whose stated strategic goal was to attract more trades and improve speed and accuracy by limiting manual trader interventions. A head trader at the bank cited the "functionality and usability" of the graphical user interface, the "intuitive handling" of the rules and scenarios concepts, and the quality of onboarding support.
DIGITEC is a provider of multi-asset technology and data and is recognised as a market leader in FX Swaps and NDFs markets. The company's global client base includes more than 50% of the Euromoney Top 50 FX trading firms. Its services include D3 Pricing, D3 OMS, and Swaps Data Feed (SDF) and Precious Metals Data Feed (PMF), the latter two developed in partnership with 360T.
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