Credit Lyonnais to Implement Real-Time Stock Tracking with Kx Systems

5 Sep 2001 | , , ,
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Miami (5 Sep 2001) – Kx Systems, leader in enabling financial services firms to meet the challenges of acquiring, managing and analyzing massive amounts of business data at extremely high speeds, today announced that Credit Lyonnais Securities USA, Inc. has installed the K Tick Database (Ktdb) system from Kx as its platform for a real-time stock tick system.

The Credit Lyonnais Capital Markets division is using the Ktdb platform to develop a real-time trade and quote (TAQ) database of stocks in the U.S. markets. According to Stephane Decker, Managing Director at CL Securities USA, “Ktdb delivers a very high-capacity database system with the added abilities to read and write trade information in real-time as well as manage historical data.” Included in the Ktdb platform are:

  • Kdb ultra high-performance database;
  • Real-time Ticker (RTT) plant for managing real-time stock feeds;
  • Trade and Quote (TAQ) loader for loading historical data;
  • KSQL extensions to SQL92for the time-based analytics used in trading.

CL Securities considered a number of other databases before finally selecting Ktdb. “We found that Ktdb could handle all of our requirements for data capacity and analysis speed and still deliver attractive pricing,” remarked Decker. “Other divisions within the firm were already familiar with Kx Systems, which increased our confidence in the solution.”

Ktdb was fully implemented at CL Capital Markets in only one week. “I was impressed,” said Decker. “The technology is fast and flexible, and we found the Kx sales and installation staff to be very responsive to our needs.” Currently Decker’s team is developing and testing its proprietary extensions to the Ktdb platform.

“We are pleased to expand our relationship with CL Securities. As a highly respected and successful broker-dealer for institutional investors, Credit Lyonnais is looking ahead and making technology decisions that will help the firm deliver the best investment performance for its customers,” said Janet Lustgarten, CEO of Kx Systems. “We expect Ktdb’s ability to manage high-speed analytics on enormous amounts of historical and real-time stock data to support CL in its business mission.” The implementation of Ktdb at Credit Lyonnais was managed by Kx Systems partner Appian Corporation.

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