Palo Alto (7 Jun 2016) – KX Systems, the acknowledged leader in time-series analytics for streaming, real-time and historical data, today announced the release of a new version of its kdb+ database and analytics technology, KX v3.4.
This latest version includes encryption using TLS/SSL protocols and integration with Tableau and other visual front-ends through its ODBC 3.8 interface. Google’s Snappy compression has been added to the existing suite of compression algorithms. Users report this new compression is up to 25% faster than other methods.
“For the infrastructure builder KX 3.4 brings a new arsenal of tools to your repertoire. KX 3.4 both adds and removes,” said a long-time KX customer at a large financial institution. “It adds mechanisms to modify and move more data to more places faster and more efficiently. It removes barriers to integration with non-KX systems allowing for a more seamless infrastructure that can be more rapidly built and done so with greater confidence.”
KX is widely used in financial services and is now growing in popularity across other industries, such as pharmaceuticals, utilities and telecoms. The latest set of improvements reflects the changing needs of its growing customer base.
Simon Garland, Chief Customer Officer at KX, said: “Our approach to determining which features we add to KX is based very much on clients’ feedback. In the case of v3.4, these enhancements will provide immediate benefits to our users. For example, the addition of TLS support provides secure connections, which are vital as corporations and financial institutions face ever-greater cybersecurity challenges. It is also important for the banking industry because of regulatory requirements.” He added: “With the new ODBC driver we are helping our clients to access much larger datasets through BI packages like Tableau.”
The production version of KX 3.4 is now available to licensed users; for users of the previous version the upgrade is seamless. The free 32-bit version of v3.4 will be made available shortly.
KX and kdb+ are registered trademarks of KX Systems, Inc., a subsidiary of First Derivatives plc
About KX
KX is the world leader in high-performance, in-memory computing, streaming analytics and operational intelligence. The company’s focus is on delivering the best possible performance and flexibility for high-volume, data-intensive analytics and applications.
For more than 20 years the world’s largest banks, brokers and regulators have been relying on KX technology to address the challenges posed by exploding volumes of data, regulatory requirements and the need for ever-faster processing in the global financial markets. Independently tested and benchmarked, KX is unique.
With more than 100 major global corporations as clients, Kx works closely with its user group to drive and prioritize its R&D to continually deliver innovation and real-world benefits, as well as supporting its customers’ success with tools, solutions and services. 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 Systems, Inc. is a subsidiary of First Derivatives plc., which is quoted on the London Stock Exchange (FDP:LN) and is a global supplier of software and consulting services. First Derivatives has enjoyed double-digit revenue growth every year since it was incorporated in 1996.
Editorial Contacts
Anne-Charlotte Duhaut / Alla Lapidus
Moonlight Media
Tel: +44 (0) 20 7250 4770
Email: kx@moonlightmedia.co.uk
