Source: Kx Systems
Kx Systems, a leader in high-performance database and time-series analytics, has signed an OEM license agreement with CoreOne Technologies, a leading provider of financial data management services to the securities industry.
This partnership equips CoreOne Technologies with the kdb+ database, enabling the greater ability to manage growing client data volumes and perform complex analytics quickly.
Kdb+ is a database system with a built-in time-series query language called q, which allows unified access to streaming, real-time and historical data. Under the license agreement, CoreOne will deploy the database across its business divisions and provide access for its expanding client base of investment banks, asset managers and other financial institutions. Kdb+ will replace legacy databases and is expected to manage several gigabytes of data per client.
“The kdb+ high-speed, in-memory analytics is an ideal fit for our clients and adds significant benefit to our reporting framework by greatly reducing query time,” commented Ishan Manaktala, COO, CoreOne Technologies. “We process millions of records a day and require a data platform capable of managing huge volumes of structured data. It was essential to our regulatory service to invest in our application’s ability, not only to read incoming transaction data in large volumes but also to quickly perform calculations and generate the analytics required by our clients.“
CoreOne Technologies’ business divisions include PrimeOne, offering hosted global prime brokerage application services; DeltaOne, delivering global index, ETF, dividend and corporate actions data; RegOne, providing regulatory reporting and compliance solutions; and VistaOne, the financial platform for connecting data from complex enterprise systems.
Janet Lustgarten, CEO at Kx Systems, said: "Over the past 22 years, the financial services industry has widely adopted our software for trading, research and reporting applications. This deal is important to us because it reflects our expertise in this sector and also adds to our growing list of OEM clients. Kdb+ has proved to be ideally suited for implementations such as CoreOne Technologies, where structured data forms such a critical part of the business model.”
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