Lehman Brothers Pilots Kx Systems’ New Database Product

6 May 1998 | , , ,
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Palo Alto (6 May 1998) – Lehman Brothers’ Fixed Income Research Group has entered the second stage of a pilot program to evaluate Kdb, the new database management product of Kx Systems, a Palo Alto-based software company. Since 1993, Kx has marketed products based on K, their high-performance programming environment. The Lehman Brothers pilot marks the first time that Kdb has been made commercially available.

Lehman’s pilot centers on some of the proprietary software they developed for their institutional money management clients. Their software, which analyzes large fixed income portfolios and indices, requires rapid access to vast amounts of descriptive and time series data. They selected Kdb both for its high performance and its ease of integration with their existing database architecture.

Lehman is testing Kdb in two stages. The first stage evaluated Kdb for speed and flexibility against 1-2 gigabytes of read-only data. Kdb passed this test easily; existing queries ran an order of magnitude faster, plus Kdb supported more elaborate queries than were previously possible. The second stage of the test will be “industrial strength,” against 10-15 gigabytes of data, with updates as well as queries. Lehman expects this stage to take about a month to complete.


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