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(30 October 2019) Kx, a division of First Derivatives, announces that its Kx technology has been selected by artificial intelligence venture AIM2, to power its machine learning trading applications for developing alpha investment strategies.
AIM2 will leverage the power of Kx in two software applications, AI Trader and AI Analytics. AI trader provides artificial intelligence algorithms to send trading signals for multiple asset class trading and provides market-making functions. AI Analytics is used in conjunction with AI Trader and provides pre-trade and post-trade analytic insights.
Kx technology is widely used in the financial services sector, including by all of the top ten global investment banks, as well as many major hedge funds, exchanges, and financial regulators because of its speed, performance, and reliability in performing complex analytics on extremely large-scale datasets. As machine learning tools begin to enter the financial markets, Kx is expanding its footprint, providing critical database functionality to AI applications.
AIM2 CEO and co-founder Karim-Patrick Khiar commented: “Both our AI Trader and AI Analytics applications need vast amounts of market data to ensure the best outcome for clients. Kx technology is the perfect partner to help us meet these demands, particularly because of its exceptional abilities for speeding up the preprocessing of data and data ingestion.”
Kx Executive Director Gerry Buggy commented: “We are delighted to apply our market-leading technology to artificial intelligence. AIM2 has developed a practical implementation of this emerging technology which will provide great benefits to the financial community across both buy and sell-side markets.”
Kx is a division of First Derivatives, a global technology provider with more than 20 years of experience working with some of the world’s largest finance, technology, retail, pharma, manufacturing and energy institutions. Kx technology, incorporating the kdb+ time-series database, is a leader in high-performance, in-memory computing, streaming analytics and operational intelligence. Kx delivers the best possible performance and flexibility for high-volume, data-intensive analytics, and applications across multiple industries. The Group operates from 15 offices across Europe, North America, and Asia Pacific, including its headquarters in Newry, and employs more than 2,400 people worldwide.