Collaboration with Kx and Thomson Reuters using kdb+

The Power of Collaboration: Kx and Thomson Reuters

2 May 2017 | , , , , , ,
Share on:

 

By Pat Brazel

A year ago when we announced our strategic partnership with Thomson Reuters we knew Kx was the right technology to power their enhanced analytics platform. What we couldn’t  know then was exactly how our collaboration would work as we brought a new, improved product to market together.

Over the past 12 months both company’s domain experts and engineers have jumped into the product development process with good faith and real enthusiasm. Out of that has come a product delivery, roadmap and sales strategy that both companies are proud of.  To both firms credit, we seem to have avoided the dreaded “not-invented-here” syndrome.  Both companies have brought the best of their technologies together to create a product which builds on, and exceeds, the foundation on which it is built.

The success of a complex collaboration like this doesn’t just come from the top of an organization. Everybody on the team has to believe in, and commit himself or herself, to the shared mission. In this case, we were able to do that first with a core team of experienced technologists from both Kx and Thomson Reuters.

These experts have dozens of years of financial engineering experience between them. It was particularly important to Kx to have team leaders who came from the client side. Who better to design systems for banks and financial institutions looking to comply with MiFID II, and as yet unwritten new banking rules, than programmers with experience building these types of large, complex systems at top banks around the world?

Thomson Reuters is a giant in the financial services industry, but I’ll venture that it would be hard pressed to find another technology company with the heritage of achievement in time-series, in-memory analytics for financial markets as Kx. Our technology has been at the leading edge of Big Data before that phrase was coined. Our software consistently breaks records for speed and performance on real world market data analytics benchmarks. As such, we bring a trusted and proven data platform to the Velocity Analytics 8 product.

Financial institutions have a lot at stake when choosing the market data and analytics software platform they will be using for possibly the next ten years. Profits are being sorely tested at the same time that MiFID II and other new regulations are being implemented. For these organizations, third-party data and software solutions must deliver more than they ever have before. We are optimistic that the Kx/Thomson Reuters collaboration will exceed their requirements and provide new business opportunities by giving them a faster, more in-depth understanding of their trading operations.

Pat Brazel is Chief Revenue Officer and leads the global Kx solutions team. He has over 25 years of experience working in the international financial software industry. Pat was President of SunGard’s Trading and Risk division for many years, a founder of GoldTier Technologies (now part of Thomson Reuters – 2014) and chairman of Polarlake (now Bloomberg Polarlake – 2013). He was a non-executive director of Kx parent, First Derivatives plc,  for many years prior to joining the company in an executive capacity in 2015. Pat holds a Masters of Management Science from Trinity College and is a member of the Board of the Dublin City University Educational Trust.

© 2017 Kx Systems
Kx® and kdb+ are registered trademarks of Kx Systems, Inc., a subsidiary of First Derivatives plc.

SUGGESTED ARTICLES

kdb+ for sensor analytics

Kx Insights: Benefits of Utility Predictive Maintenance Analytics

17 Oct 2017 | , , ,

Utilities are going through significant modernization, with the adoption of smart grid technologies such as advanced metering, advanced distribution management, outage management, customer engagement and analytics. This modernization is creating a wealth of diverse data about assets, operations, and customers. At the same time the job of utilities is becoming more challenging with pressure to reduce costs, competition from new forms of technologies and energy providers as well as the need to integrate renewable energy resources. These new challenges, competition and pressures are leading to innovation and transformation in the utilities industry.

Satellite Earth Observation Data with kdb+

Kx for Earth Observation and Astronomy Big Data challenges

11 Oct 2017 | , , , ,

The aerospace industry is increasingly becoming aligned with companies that can take advantage of high-value geospatial and global Earth observation data. In the current era of Big Data and IoT analytics, businesses in industries ranging from energy to civil engineering to facilities management that can commercially exploit non-traditional sources of data, such as data from satellites, can gain a critical edge. Kx technology has already been adopted in a number of such initiatives.

Kdb+ Mastermind Challenge

Kdb+ Mastermind Challenge

4 Oct 2017 | , , , , ,

The Kx Community NYC Meetup recently competed in a Mastermind coding competition moderated by expert kdb+ programmer Nick Psaris, author of the book “Q Tips: Fast, Scalable and Maintainable Kdb+.” The top four solutions were notable for the completely different approaches they took. Mastermind is a popular code-breaking game introduced in 1975 that pits a “codemaker” against a “codebreaker.” The “code,” represented by four pegs chosen from a universe of 6 colors, is picked by the “codemaker.” The “codebreaker” continually makes 4-peg guesses and is told by the “codemaker” how many are the correct color in the correct position, and how many are the correct color in the wrong position.