Germany's HypoVereinsbank (HVB) has installed a cross-asset database system from California-based KX Systems across its proprietary trading desks in Munich and London.
Kx says its Kdb+tick application layers on top of the kdb+ database to provide multi-asset traders with an accurate and instant view of global markets.
HypoVereinsbank is using the technology to capture and analyse millions of streaming market ticks for immediate real-time analysis and perform complex analytics on historical data.
The system also uses 'q' language - which is designed to deliver fast application and query performance on very large databases and on time-ordered data - to create a unified platform architecture with very low latency between data capture and analysis.
Commenting on the implementation, Simon Garland, CTO at KX systems, says: "We gave HVB the tools to build a custom system on 64-bit hardware that met the specific requirements of their proprietary trading desks and allowed them to optimise trading opportunities much more quickly."
Thilo Friess, project manager, HVB, says the Kx technology offered the ability to process streaming, real-time and historical data within one architecture.
"We trade multiple asset classes in many different markets and we needed a flexible system with a built-in programming language to make it simple to add additional instruments and expand to more trading desks," adds Friess.