Kx technology was used by NYSE Technologies, which was the commercial technology division of NYSE Euronext (NYX) when the contract was signed, to create a suite of historical data “as a service” solutions for NYX clients utilizing the Kx product suite. Combining NYSE Technologies’ historical and real-time data expertise covering cash, options, futures and corporate actions Kx’s products and market expertise, the Tick as a Service offering was acquired to build a suite of innovative market services for clients to gain efficient access to large data stores for analytical back testing and compliance
“By integrating Kx’s suite of services with our diverse portfolio of technology solutions, including our consolidated feed service, we can offer comprehensive data collection, storage, and analysis ‘as a service’ to our entire global trading community,” said Jon Robson, CEO, NYSE Technologies at the time of the deal in 2013. “This new service will allow participants to move from a client deployed to managed service for the storage, support and delivery of tick history infrastructure to back-test their algorithms and interrogate their data through a flexible, fully-managed solution. The Tick As A Service offering with Kx is the first of a number of historical data solutions we shall offer.”
Brian Conlon, CEO, Kx said at the time of the deal, “Our collaboration with NYSE Technologies will deliver substantial benefits to clients – improving time to market while efficiently minimizing operational overhead and reducing costs. I am delighted that Kx is forging a relationship with one of the most capable service providers in the global capital markets community who understand that the community needs managed solutions to address commoditized services and thus release capital for differentiating opportunities.”
NYSE Technologies’ innovative technology portfolio included a broad array of real-time, historical and reference data alongside the first-ever capital markets community cloud, a hosted consolidated feed service (SuperFeed), and one of the world’s largest FIX-based order routing networks (Marketplace), all seamlessly available across the Secure Financial Transactions Infrastructure® (SFTI®) network. Kx’s suite of products includes Kx for Flow and Streams for Kx which are used in high volume, low latency environments. Combining key elements of each company’s product sets and unique functionality, NYSE Technologies and Kx will develop a one-of-a-kind solution delivering an innovative suite of high-performance services that enhance real-time trading, CEP, market data and trading applications.
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 18 September 2013.