Kx Systems Wins SEC Contract for Its Database Solutions

Wednesday, 08/07/2015 | 08:02 GMT by Ron Finberg
  • 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 Wins SEC Contract for Its Database Solutions
Bloomberg

Kx Systems, a California-based high performance database technology firm, has been selected by the Securities and Exchange 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 . 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 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 . 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.”

About the Author: Ron Finberg
Ron Finberg
  • 1983 Articles
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About the Author: Ron Finberg
Ron Finberg, a specialist in regulatory issues, brings clarity and depth to finance news
  • 1983 Articles
  • 8 Followers

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