3d innovations Ltd.
3d innovations Reaches High-Water Mark in Market Data Cost Savings
Sees untapped financial potential in data feeds and 'tail' vendors
LONDON, UNITED KINGDOM--(Marketwired - January 17, 2017) - 3d innovations (3di) , a consultancy that provides best-of-breed market data advisory and implementation services to banks, investment managers, insurers and IFAs, today announced the results of its latest ROI assessment. The evaluation, based on 90 engagements at more than 200 sites worldwide over the past 15 years across its entire client base, demonstrated an impressive $500m savings in data costs.
Founded in 2002, at a time when the financial markets were contracting, 3di developed a credible cost reduction methodology helping market participants gain better control of costs in their data environments.
Stephen Veasey, Founder and CEO at 3di, said, "Buy- and sell-side institutions cannot manage data costs in a compliant and efficient fashion without a clear, holistic view of where the data is and how it is being used in every part of the organization. Since inception, we have identified savings possibilities closer to $1.5 to $2bn. Nevertheless, it remains difficult to realise absolute savings given the political and user-preference obstacles our clients find themselves operating against."
3di sees no end to cost optimisation opportunities due to the competitive nature of information providers in the marketplace. As the firm continues to invest in product innovation, its optimisation approach continues to be at the heart of its consulting and services model, enabling client firms to extract maximum value from source data as it passes through the operational lifecycle of the enterprise.
Stephen Veasey said, "The global financial crisis that started in 2007-8 breathed new life into market data cost optimisation. Financial markets will face continued pressure to cut operating costs. Therefore, ongoing cost reduction remains a key objective of corporate culture and we don't see this changing anytime soon."
"The untapped financial potential lies in data feeds and 'tail' vendors," added Veasey. "In most cases, the greater part of market data spend lies with the desktop. Consequently, attention can be overly focused on terminal-related spend, especially with Bloomberg. However, the level of entrenchment between data feeds and applications is not as complex and costly to unravel as people think. New services such as those from companies like Magtia help to facilitate symbology management and record mapping, and make feed substitution and the subsequent financial gains much more accessible."
A data management consultancy with offices in the UK and U.S., 3di specialises in the three distinct areas of financial services data; market, reference and computational/derived data. 3di uses its global markets knowledge to offer investment banks, brokerages, central banks, investment managers, hedge funds, private banks, commodity trading houses and wealth managers best practice data management advisory services. www.3di-ltd.com
For more information please contact:
Phone: +1 917 975 1558
Information om Marketwired
Følg pressemeddelelser fra Marketwired
Skriv dig op her og modtag pressemeddelelser på mail. Indtast din mail, klik på abonner og følg instruktionerne i den udsendte mail.
Flere pressemeddelelser fra Marketwired
Bombardier Transportation18.4.2018 16:08 | pressemeddelelse
Bombardier Signs Long-Term Maintenance Contract for Melbourne's First High-Capacity Signalling System
Bombardier Transportation6.4.2018 14:16 | pressemeddelelse
Bombardier Wins Contract to Provide 40 High Speed Regional Trains to Vasttrafik in Sweden
Bombardier Transportation27.3.2018 15:32 | pressemeddelelse
Bombardier to Provide Five Additional AVENTRA Trains for Elizabeth Line
Bombardier Transportation26.3.2018 13:09 | pressemeddelelse
Bombardier Secures Rail Services Contract Extension with Maryland Transit Administration
Bombardier Transportation22.3.2018 17:15 | pressemeddelelse
Bombardier Wins Contract to Extend People Mover System in Phoenix
Bombardier Transportation14.3.2018 15:16 | pressemeddelelse
Bombardier Secures Major Contract Extension to Maintain Trains for London Overground
I vores nyhedsrum kan du læse alle vores pressemeddelelser, tilgå materiale i form af billeder og dokumenter, og finde vores kontaktoplysninger.Besøg vores nyhedsrum