Swedbank has decided to use the D-3 Pricing System developed by Hamburgbased technology vendor Digitec. The sophisticated and reliable new platform was selected to replace the existing quote infrastructure. The bank went live with both spot and forwards in October 2010. The system provides the Swedbank FX e-commerce infrastructure as well as internal banking systems with streaming rates. Another new Digitec client is Zuercher Kantonalbank (ZKB).
The Swiss bank has implemented D-3 for FX forwards and went live in December. Digitec sees a growing interest of major banks to replace spreadsheet based or inhouse made pricing solutions with the client server architecture of D-3 that ensures high availability combined with low latency.