Surveillance insight with Kx for Flow

Kx for Flow includes FX trade surveillance capabilities

16 Jul 2014 | , , , , ,
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Kx, a leader in high-performance database and time-series analytics, announces the launch of its integrated trade execution, risk management and surveillance solution for FX markets.

The solution enables brokers to provide value-added services to their clients by monitoring for unauthorized trader activity, detecting unusual trading patterns and offering a sandbox environment for testing and validating new trading models.

Combined with its accompanying market replay facility for forensically reviewing historical trading patterns, this integrated offering enables brokers to meet their regulatory obligation to provide a fair and efficient trading venue for their clients and liquidity providers alike.

Kx for Flow is an established eFX trading venue that offers clients direct access to liquidity and is built upon the Kx database platform. The same platform is used by traders for high-volume, low-latency algorithmic trading and by regulators for real-time detection of market abuse and unauthorized trading activity across multiple asset classes. Kx for Surveillance is also built upon Kx technology and is used by the Australian Securities and Investments Commission (ASIC) to meet its statutory obligation to oversee the overall Australian licensed financial market.

This combination of order management, trade execution, transaction analytics, surveillance capabilities and alerts management provides clients with instant visibility into individual transactions, aggregated risk profiles and the integrity of the overall trading activity. Employing the same technology for trade surveillance as trade execution enables brokers to stay abreast of changes and react swiftly to new trading patterns. The solution, which operates on a common technology platform capable of processing massive trade volumes, provides the additional benefit of real-time detection and visualization without any integration overhead.

Providing an enterprise-wide solution from pre-trade through post-trade activities across multi-asset classes will enable firms to comprehensively analyze and manage their business based on a holistic strategy. As an example, through the accompanying “Kx for Data as a Service” offering, it enables data owners and their clients to unlock and monetize the value of their information assets in a secure, flexible and controlled manner.

Brian Conlon, CEO of Kx, commented: “We already provide FX execution services for top banks, asset managers and hedge funds and we provide surveillance solution for regulators and exchanges. Putting them together is an obvious step but one that brings something unique to the market in offering surveillance as an integral part of an FX trading platform. ”

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 a 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 2 June 2014

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