Kx Systems Wins SEC Contract for Its Database Solutions
- Kx Systems has been selected by the Securities and Exchange Commission of the US to provide it with use of their kdb+ database solution.
Kx Systems, a California-based high performance database technology firm, has been selected by the Securities and Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term Commission (SEC) of the US to provide it with use of their kdb+ database solution. Majority owned by First Derivatives, Kx Systems' target market has been financial firms such as banks and hedge funds that use their ‘high performance’ solutions to handle their market data database needs.
With the SEC, Kx Systems will providing its kdb+ database product, which is being used by the financial supervisor in supporting their IT needs. According to Kx Systems, as they believe that the SEC will benefit from their database offering due to the regulator’s needs for handling large volumes, including monitoring high-frequency trading and analyzing the markets.
In regards to the news, Janet Lustgarten, CEO at Kx Systems, stated, “Kdb+ is uniquely suited to the needs of regulators like the SEC, because it is the financial industry standard for trading and Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term. Proven over 22 years by the world’s largest financial institutions, kdb+ has the speed and robustness to facilitate the SEC’s ability to drill into aggregate data sets at high speed.”
Kx Systems, a California-based high performance database technology firm, has been selected by the Securities and Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term Commission (SEC) of the US to provide it with use of their kdb+ database solution. Majority owned by First Derivatives, Kx Systems' target market has been financial firms such as banks and hedge funds that use their ‘high performance’ solutions to handle their market data database needs.
With the SEC, Kx Systems will providing its kdb+ database product, which is being used by the financial supervisor in supporting their IT needs. According to Kx Systems, as they believe that the SEC will benefit from their database offering due to the regulator’s needs for handling large volumes, including monitoring high-frequency trading and analyzing the markets.
In regards to the news, Janet Lustgarten, CEO at Kx Systems, stated, “Kdb+ is uniquely suited to the needs of regulators like the SEC, because it is the financial industry standard for trading and Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term. Proven over 22 years by the world’s largest financial institutions, kdb+ has the speed and robustness to facilitate the SEC’s ability to drill into aggregate data sets at high speed.”