Island moves to real-time trade reporting with Kx

Island moves to real-time trade reporting with Kx

The Island ECN is to use Florida-based Kx Systems' relational database management platform, Kdb, for its new real-time trade reporting system.

Island says it will use Kx technology for creating an on-the-fly system for capturing, analysing and reporting daily trade information. Included in the Kdb platform are the K programming environment and KSQL, extensions to SQL92 for high-speed, vector-based querying on the time-based data that is critical to trading analytics.

The new real-time trade reporting system will enable Island to manage its growing volumes of trade data. Last year, Island matched over 53 billion shares, accounting for a dollar value of over $3 trillion. In the past 12 months trading volumes have doubled. Today Island accounts for approximately one out of every six Nasdaq trades.

Island expects the Kdb platform to halve the time it currently takes to collect trade data from Island's core production systems. Instead of waiting until the completion of the trading day to load its trade reporting system, Island will be able to provide access to this information immediately. Once the data is in Kdb, KSQL will enable Island to increase the variety and complexity of daily reports it generates for management, operations, sales, regulatory agencies and customers.

Gary Lindgren, vice president of software development at Island, says: "In today's trading environment, we no longer have the option of shutting down for processing at the end of the day. We have to pull end-of-day into real-time production. Kdb offers the data load speeds and real-time analytics to enable that."

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