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UniCredit HVB Deploys Kx Systems
by Jean-Paul Carbonnier for Inside Market Data,
February 5, 2007
UniCredit HypoVereinsbank has deployed Kx Systems’ Kdb+ tick database technology to capture and analyze streaming tick data across an intra-day in-memory database and a historical disk-based database, to support the bank’s proprietary trading operations in Munich, London and New York.
Bank officials declined to comment last week, but in a statement, Thilo Friess, project manager at HVB, says that the bank “reviewed several database solutions” and could not find another vendor that processed “streaming, real-time and historical data” using a single architecture. Kx Systems uses the same data format across both its in-memory and disk-based databases, which allows users to query both intra-day and historical data in an identical manner, says Kx chief technology officer Simon Garland.
The solution’s flexibility was also seen as a key factor by the bank, as the architecture of Kx’s database technologies means that one central installation can often support trading across multiple locations and asset classes. “If their network is good… one very good installation in a central location is going to be enough,” Garland says.
“We needed a flexible system… to make it simple to add additional instruments and expand to more trading desks,” says Friess.
Streaming data that is fed through the Kx database can then be manipulated to create new value-added information in real time, enabling users to reduce time to market for new trading ideas because they can “play with the data as it streams in from exchanges,” Garland says. “If someone wants to do a 17 minute rolling VWAP over the last six months… they’d just type that, and there’s the data already.”
© 2007 Incisive Media Investments. All rights reserved. Used with permission. |
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