DIGITEC has launched D3 DataHub, a managed platform enabling banks to access multiple market data providers through a single standardized connection. The company announced Tuesday that four global FX trading banks are currently using the system, though it declined to name them or clarify whether deployment is live or still in pilot phase.
The platform aggregates feeds from 24X, LMAX Group, New Change FX, SGX FX, and the DIGITEC-360T Swaps Data Feed, with additional providers planned without specified timelines. DataHub marks a strategic shift for DIGITEC, which built its reputation selling D3 Pricing engines and order management systems to bank FX swaps and NDF desks, claiming more than half of Euromoney’s Top 50 FX firms as clients.
The service delivers standardized feeds via DIGITEC’s proprietary D3 FIX protocol, bundling monitoring, redundancy and support. Banks already running D3 Pricing can connect without building separate integrations for each data source. DIGITEC provided no pricing details, general availability date, or revenue projections.
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FXnCO Insight
** Banks heavily invested in DIGITEC infrastructure gain immediate consolidation benefits, but those without existing D3 systems face renewed vendor lock-in considerations.
Source: Finance Magnates