The Canadian Securities Administrators (CSA) has become the latest regulator to turn to Kx to meet its advanced surveillance requirements.
Kx, a division of First Derivatives, has been picked by CSA build and manage a next generation market analytics platform designed to assess, investigate and explain potential market abuse cases.
Through the deal, Kx will combine the power of the technology’s existing suite of analytics with machine learning algorithms to deliver a Market Analysis Platform (MAP) that will improve insight and support market integrity. MAP will be hosted and managed by Kx and will provide rapid and flexible data interrogation capabilities for the CSA.
Brian Conlon, CEO of Kx said: “Kx is a natural choice to assist CSA members in ensuring the integrity of its markets. We continue to win market share in surveillance, with banks, buy side firms, exchanges as well as regulators, with key drivers including the power and flexibility of our technology as well as our capabilities in areas such as AI and machine learning.”
Earlier this week, Kx announced a partnership with Anaconda, to add the kdb+ database system, and related machine learning libraries, to Anaconda’s popular Python and R open source distribution platform.
In May, cybersecurity specialist Red Sift selected its Kx technology to power its cyber attack prevention offering. Red Sift provides a cloud-based platform that plugs into various data sources, including email, social media, IoT and analytics platform data, to detect cybersecurity risks and provide actionable insights.
Red Sift said it selected Kx ahead of traditional database solutions and open source alternatives because of its proven reliability, compact footprint and powerful data analytics — which makes it ideal for fast-moving cybersecurity challenges.
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
