Kx announced it has delivered a bespoke solution, based on its Streams for Kx CEP product for real-time derivatives markets reporting, Project MARS, to the Singapore Exchange Ltd (SGX).
This is the third project Kx has delivered to SGX for real-time monitoring of derivatives trading activity. In 2011, systems for monitoring market-making and equities trading activity were delivered to SGX.
With a strong focus globally on managing risk within exchange environments the speeds at which market participants are moving mean exchanges need to adapt quickly to be able to keep up. Project MARS captures every order and trade message in the SGX trading engines, and provides real-time and historical reporting of SGX trading engine data, making the information more accessible to users. All data is also persisted to a historical database. MARS went live on Aug 15, 2011, when SGX rolled out its Reach trading engine for its securities market. Reach is the world’s fastest trading engine with ultra-low latency and significantly higher capacity.
The project, an extension of FD’s Streams for Kx solution, was delivered and implemented by Kx, together with its Singapore sales partner, BrokerEdge Systems Advisors Pte Ltd.
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 2 April 2012.