Australian Stock Exchange (ASIC) uses Kx for Surveillance

Kx Technology acquired by Australian Securities and Investment Commission

25 Nov 2013 | , , , , ,
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Kx signed a multi- year annual software license with the Australian Securities and Investment Commission (ASIC) to implement its Kx for Streams solution for the design, development and hosting of ASIC’s new market surveillance system in 2013.

ASIC chose Kx technology to help it meet its statutory obligations to oversee Australia’s licensed financial markets. In particular, ASIC saw Kx for Streams as integral to ASIC’s market surveillance activities enabling detection of trading anomalies and irregularities that may indicate disorderly or prohibited trading across the range of asset classes and products traded. This ability to monitor various instrument types in differing asset classes like equities and fixed income, highlights the strength of the Kx technology suite in dealing with large data volumes at high velocity within a single platform, i.e. its ability to address the “big data” challenge.

Kx for Streams was chosen by ASIC as the preferred scalable, robust and technologically advanced solution to deal with the ever complex nature of trading which is characterized by faster trade speeds, increased trade and order volumes, and dispersed liquidity. These market features have made detecting and investigating market misconduct increasingly complex.

Commenting on the contract win, Kx CEO, Brian Conlon said “We are delighted with the decision by ASIC to use Kx for Streams as their chosen platform for market surveillance. Kx for Streams will allow ASIC to quickly respond to evolving market regulations, the introduction of new products and projected increases in data volumes .The domain knowledge and technical capabilities of our professional services teams leave us ideally placed to design and manage the hosting of this solution and to partner with ASIC in developing analytics to help maintain efficient and orderly markets.”

ASIC said that the new system would enable its market surveillance team to interrogate very large datasets, and monitor market activity in a manner consistent with the increased use of technology in day-to-day trading.

About Kx

Kx has been the software leader for complex analytics on massive-scale streaming data for over two decades. The Kx technology is an established and trusted standard for trading, surveillance and research in financial services. Kx has emerged as the elegant, integrated solution to the analytic needs of the pharma, retail, utilities and high-tech manufacturing industries; scaling effortlessly to the data challenges of the Internet of Things.

With more than 100 major global corporations as clients, Kx works closely with its user group to drive and prioritize its research and development so that it delivers the most innovative software, tools, solutions and services to solve its customers’ business needs. As the Internet of Things creates never before seen volumes of structured machine data, new industries are embracing Kx technology’s proven ability to store and analyze data in real-time.

Kx is a division of First Derivatives plc. Listed on the London Stock Exchange [FDP:LN] First Derivatives is a specialist software and consulting organization with an uninterrupted track record of customer success and profitable growth since it was listed in 2002.

For more information about Kx, please visit www.kx.com.

About First Derivatives

First Derivatives plc (FD) is a global technology provider whose services and solutions are used by many of the world’s largest companies. In addition to Kx, the FD Group includes MRP and Capital Markets Consulting, CMC.

MRP is a global provider of marketing intelligence, software and services. MRP drives sales pipelines and delivers the insights clients need to more effectively sell to their key target markets. CMC supports financial institutions in designing, developing, implementing and supporting a broad range of mission-critical data and trading systems across front, middle and back-office operations. Services are provided both on-site and from its strategically located Near Shore centers.

FD is quoted on the London Stock Exchange (FDP:LN) and has had double-digit revenue growth every year since it was incorporated in 1996. FD has over 1,500 employees around the world, including in London, New York, Tokyo, Singapore, Sydney, Palo Alto, Toronto, Ottawa, Belfast, Dublin, and its headquarters in Newry.

For more information, please visit www.firstderivatives.com.

This article is modified from a press release issued by FD on 25 November 2013.

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

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