Hong Kong (10 Jan 2011) – Kx Systems, the leader in high-performance database and time series analysis, today announced that Guosen Securities Co. Ltd., one of China’s top-tier securities firms, has signed an OEM license deal for its kdb+ database. The database platform will power Guosen’s algorithmic trading system, which will be embedded in its offering to corporate clients.
Kdb+ allows vast amounts of data to be accessed and processed with minimal latency. With a single format for both real-time and historical data, kdb+ provides performance and flexibility for high-volume, data-intensive analytics and applications.
Hanxi Liu, GM of Guosen Securities’ IT department commented: “Choosing kdb+ was an important strategic decision for us. The sophistication of Kx’s programming language and the addition of its calculation engine to our new algorithmic trading system provide us with a great competitive advantage and the optimal balance of speed and simplicity. Kx has made a serious commitment to the Asian market, and its industry knowledge and superior solutions have made the company a serious contender in the local arena.”
Chris Burke, Director of Kx Systems in Asia Pacific, added: “We are seeing rising data volumes across Asia, growth in algorithmic trading and increasingly stringent, data-intensive risk management processes. At the same time, companies are looking to drive down latency at all levels. The kdb+ platform was designed from the outset with this dual challenge in mind, and its combination of speed and flexibility has proven to be very compelling. We are delighted to be expanding our Chinese client base with such a well-respected name as Guosen Securities.”
This announcement follows the opening of Kx’s Hong Kong office two years ago to support its locally-based international clients, as well as the domestic financial community. Kx’s ‘Growth via Partnership’ strategy with First Derivatives and Symagon has been extremely successful, resulting in several new relationships and the expansion of global clients into the Asian market.