Kx announced that Australia and New Zealand Banking Group (ANZ), one of the largest banks in Australia, is now live with its Streams for Kx market data capture and analytics solution for its eFX business. ANZ eFX now has unrivaled computational power, flexibility and speed to rapidly produce complex analytics to enhance its real-time FX trading operations.
ANZ has deployed Streams for Kx (which is powered by the market leading kdb+ database – developed by Kx Systems) in its Melbourne and Sydney trading centers, with access available to remote users as the system uses a web browser front-end to access and chart the analytics.
“This has been a very successful implementation for ANZ eFX,” said Luke Marriott, Global Head eFX and Franchise, ANZ Banking Group. “We have aggressive timelines and exacting standards. After a rapid selection process starting in late 2010, Kx assisted with the evaluation, implementation and integration in a rapid timeframe of less than two months to enable live market data capture with full order book depth. We are continuing to work with specialist consultants alongside our team to roll out further analytics and graphical views of the real-time trading data that were not previously possible for us to visualize,” said Marriott.
He added: “The performance of Streams for Kx and the kdb+ database has been impressive, even in the face of recent volume spikes the system has continued to perform faultlessly with inherent ability to scale to meet future business expansion. Complex analytics have been produced in days, providing both real-time and historic management information to the heads of FX trading operations across all currencies. The system provides complete real-time and historic visibility of all our trading data, including spreads, liquidity, trade cost analysis and we can ask “what if …” questions of our trading operations intraday. This further ensures our ability to be at the forefront in today’s FX marketplace, deliver improved service to our global client base and maintain a competitive position with global peers.”
The Kx database is used within most of the top tier leading banks, investment banks and hedge funds globally and is a strategic component of the Streams for Kx infrastructure.
Brian Conlon, CEO of Kx, said, “FX trading volumes are growing globally and this has kindled great demand for high capacity, high frequency real-time solutions such as those which Kx has provided to large banks, investment banks and hedge funds globally. We are delighted to be working with ANZ eFX as a key client in APAC, supporting their operations and business expansion during these times of high volatility in financial markets. We see our business relationship as more of a partnership in the future for both organizations and will ensure ANZ remains competitive as it expands its global FX strategy.
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 27 April 2011.