DIGITEC, a leading provider of multi-asset pricing technology and workflow automation has announced the launch of D3 Channels, a new service which enables traders to automate the generation and distribution of multiple trader FX streams from a single core price. D3 Channels is the latest addition to D3 Pricing, a platform for pricing, curve and yield curve construction. The new service, designed for trading desks which directly manage client pricing, enables traders to establish easily maintainable, rule-based and scenario-based logic that automates pricing decisions based on tier and volume band. Using D3 channels, a trading desk is able to form and manage a core price, then continuously offer multiple prices for the same instruments and tenors depending on a client’s tier, trading volumes, and market conditions.
“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,” said Peer Joost, CEO of DIGITEC. “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.”
He added, “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.”
“D3 Channels enables trading desks to scale their operations, moving higher volumes to electronic trading channels,” said Marco Kuper, CPO of DIGITEC. “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 strategic goal was to attract more trades, and improve speed and accuracy by limiting manual trader interventions. A head trader has praised the “functionality and usability” of the GUI, the “intuitive handling” of the rules and scenarios concepts, and exceptional onboarding support. DIGITEC provides multi-asset technology and data. It is recognised as the market leader in FX Swaps and NDFs markets with a global client base which includes more than 50% of the Euromoney Top 50 FX trading firms. The firm’s award-winning services include D3 Pricing, D3 OMS, and Swaps Data Feed (SDF) and Precious Metals Data Feed (PMF) developed in partnership with 360T.
