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fintech × Build vs buy

Replacing a vendor backtesting tool

100%of third-party backtesting licence costs removed
Achieved100% cost removed
Where
Index & strategy provider · Indxx
Role
Associate, Product Development
Context
Internal tool · backtesting
  1. 01Metric & target

    Annual licence cost for backtesting from vendors such as FactSet.

  2. 02Strategy

    Build an in-house backtesting tool instead of renewing licences.

  3. 03Problem

    Licence costs for third-party backtesting kept recurring.

  4. 04Root cause

    The team used only the vendor tool's basic features, like filtering and picking companies. Adjusting weights and backtesting over time were still done by hand.

  5. 05Fix & execution

    Owned the end-to-end roadmap for the in-house tool.

  6. 06Result

    Third-party backtesting licences removed entirely.

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