Kx announces the implementation of its Kx for Surveillance solution by Yieldbroker Pty Limited in Sydney, Australia.
Yieldbroker is an electronic marketplace designed for institutional investors and banking participants trading in Australian and New Zealand debt securities and derivatives. Yieldbroker provides an electronic trading platform and was the first fixed income e-venue to be awarded an Australian Market Licence in 2004.
The implementation of Kx for Surveillance enables Yieldbroker to continue to ensure a fair, orderly and transparent trading environment for investors by providing the ability to detect in real time any anomalous or potentially prohibited trading activity on the platform. It also enables it to meet its regulatory obligations for the surveillance, reporting and monitoring of derivatives and OTC trading.
In selecting Kx for Surveillance, Yieldbroker looked for a solution that would provide not only for today’s known requirements but also have flexibility for accommodating future developments in surveillance techniques and provide capacity for increased trading volumes. The solution is based on the Kx for Surveillance solution implemented by the Australian Securities and Investments Commission (ASIC) to meet its statutory obligation to oversee the overall Australian licensed financial market.
Richard Swift, chief executive at Yieldbroker commented: “Our selection criteria demanded a solution that would be comprehensive in functionality, flexible in operation and could be rapidly implemented whilst also able to accommodate increases in both trade volumes and the sophistication of the rules and alerts we want to define in the future. Kx for Surveillance clearly meets all these criteria. The fact that the solution is already used by the Australian regulator attests further to its strong credentials. ”
Brian Conlon, CEO of Kx commented: “We are delighted that Yieldbroker has selected Kx for their surveillance requirements. The solution is ideally positioned for their need to take data from multiple sources and across multiple asset classes to provide real-time alerts on any unusual activity. The flexibility and architecture of Kx for Surveillance makes the implementation and rollout of the solution very rapid, predictable, on-time and to budget.”
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 20 May 2014.