Citadel, a global investment firm, has expanded its use of Kx technology to help support its investment research process.
Kx’s time-series database is widely used in the financial services industry for trading and risk management platforms. Its claims to optimise both in-memory and on-disk memory resources is one reason it sets industry records for speed, performance and stability when performing complex analytics on extremely large-scale datasets.
These attributes are increasingly being recognised across a range of markets requiring fast analytics on Big Data. Citadel said by adding kdb+ to their toolkit its investment teams have access to one of the ‘fastest platforms for performing complex analytics on extremely large-scale streaming, real-time and historical market data’.
Steven Lieblich, Citadel’s chief technology officer said: “Kdb+ provides Citadel with a powerful tool to further enhance our research and analytical capabilities. We are now able to access and incorporate market intelligence into our investment process even faster.”
Kx Systems, a subsidiary of First Derivatives plc (FD), a global technology provider with 20 years of experience working with some of the world’s largest finance, technology, retail, pharma, manufacturing and energy institutions. The group operates from 14 offices across Europe, North America and Asia Pacific, including its headquarters in Newry, and employs more than 2,000 people worldwide.
Kx technology provides in-memory computing, streaming analytics and operational intelligence, delivering ‘the best possible performance and flexibility’ for high-volume, data-intensive analytics and applications across multiple industries.
It technology is widely adopted through the global financial community, at banks, hedge funds, trading houses and exchanges. It is employed across the entire range of data intensive arenas, from high frequency trading to market data storage and analysis, as well as in risk management activities and throughout the back office.
The company also claims to turn regulatory compliance into a competitive advantage with fast and reliable RegTech data management and reporting solutions.
Kx for Surveillance offers real-time, T+ 1 and on-demand surveillance capabilities with first, second and third lines of defence catered for in a single solution. The solution includes a full library of regulatory alerts across all asset classes on a global platform offering unparalleled performance and scalibility.
The solution also combines strategic thinking and tactical reaction to enable meeting not only the MiFID II obligations of today, including Best Execution Monitoring and Best Execution Reporting (RTS 27 & 28), but also the evolving regulatory demands.
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