Kx Systems and First Derivatives Partner to Deliver Analytics to European Financial Markets

23 Oct 2001 | , , , ,
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Miami (23 Oct 2001) – Kx Systems, Inc., 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 a joint consulting and implementation partner agreement with First Derivatives Plc. Headquartered in Ireland, First Derivatives is a financial services consulting firm with expertise in banking, insurance, IT, online trading and financial/mathematical modeling.

First Derivatives will expand Kx Systems’ reach through its extensive network of European consultancies. Kdb is an ultra fast relational database used by financial institutions worldwide for sub-second analyses on billions of records of historical and real-time data. Kdb/tick is a specialized application on kdb that combines real-time and historical trading data for sub-second analysis.

“Jointly, we can provide solutions for businesses that depend on real-time analysis of streaming data or massively large historical data,” said Michael O’Neill, a director at First Derivatives. “First Derivatives and Kx are targeting financial services organizations with data intensive requirements, such as major European banks and insurance companies.

“Kx’s partnership with First Derivatives is key to our further expansion into the European markets,” said Kx CEO Janet Lustgarten. “We are seeing the growing adoption of real-time analytics by the financial services industry in both the U.S. and Europe. Combined with First Derivatives’ expertise and track record in the derivatives industry, Kx will vastly improve and help automate the way trading decisions are made.

Formed in 1996, First Derivatives is a recognized and respected service provider with an enviable client list. Based in Northern Ireland, the company has drawn its 35 consultants from a range of technical backgrounds; they have extensive industry experience in derivatives, banking, fund management, insurance and financial/mathematical modeling.

The company recently established itself in the field of on-line trading and web-commerce software development and has formed a subsidiary, k-hub, to take advantage of its expertise in this field.


Kx parent, First Derivatives announces Interim Results

Interim Results announced

6 Nov 2018 | , , ,

First Derivatives today announces its unaudited results for the six months ended 31 August 2018. Strong growth in software revenue, up 21%, with license revenue up 39% driven by increased demand for Kx technology across our client base. Continued strong demand within our managed services and consulting activities resulting in revenue growth of 19%. Accelerated investment across the business in R&D, sales and marketing and software delivery in response to growth in the Kx sales pipeline across multiple industries.