Kx’s surveillance product won Market Surveillance System of the Year at the Futures and Options World (FOW) Asia awards in 2014.
The FOW Awards recognizes the leaders in the capital markets industry in Asia. Kx for Surveillance responds to the need for regulators and exchanges to be as fast and sophisticated as their participants, allowing them to monitor the activity of even high-frequency trading participants in real time.
Kx for Surveillance is built on Streams for Kx, leveraging its high-performance algorithmic trading infrastructure to allow users to conduct multimarket supervision across multi-asset classes – equities, futures, options, fixed income and OTC – in real time, providing new capabilities in identifying fraud across and between different markets. The speed of the system provides unmatched flexibility of analysis, with the time taken to produce some reports reduced from several hours to less than one minute.
At the time of the award Kx for Surveillance had been implemented by the Australian Securities and Investments Commission (ASIC), as well as Yieldbroker, an electronic marketplace for Australian and New Zealand debt securities and derivatives.
The FOW Asia award judges, commented: “In an age where we are under more and more regulatory scrutiny, Kx for Surveillance has allowed regulators and institutions to maintain a steady balance of knowledge on trading behavior”.
Kx’s Managing Director Asia, Martin Haines, said: “This award is recognition of the capabilities of Kx for Surveillance and the efforts of the Company’s team in Asia. As markets continue to become faster and more complex, surveillance – for regulators, exchanges and participants too – is becoming increasingly important. We are engaging in an ever increasing number of conversations about surveillance as it becomes part of the day-to-day requirement of doing business in finance in Asia.”
Kx’s CEO Brian Conlon commented: “The technical advantages of Kx for Surveillance leave us ideally placed to help Regulators and Exchanges to protect the integrity of their markets. This award is recognition of the strength of our offering and the efforts of our team in Asia.”
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 26 September 2014.