IEX Data Platform Integrates Kx Systems’ kdb+ Software

Equity trading venue IEX has announced its integration of Kx Systems’ database and time-series analytics utilities, utilizing Kx’s kdb+ software

IEX_logoEquity trading venue IEX has announced its integration of Kx Systems’ database and time-series analytics utilities, utilizing Kx’s kdb+ software for its data platform.

IEX has been recently teaming with a number of financial services providers, including First Derivatives and its Delta Software platform back in October. Furthermore, IEX has operated as the dark pool which projects itself as a transparent market service, whose smart order routing helps safeguard traders from illicit high-frequency trading practices. Earlier this month, Cantor Fitzgerald also announced a partnership with IEX for algo trading.

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In its newest partnership however, IEX has tapped Kx systems for its data needs to meet a growing clientele worldwide.

According to Janet Lustgarten, CEO Kx Systems, in a recent statement on the integration, “Kx software has been used by financial firms for over two decades for among other things, implementing and back-testing algorithmic trading strategies at top institutions. We are pleased to be part of IEX’s applications and believe kdb+ will give them the best performance possible to help them achieve their goal of fairness in the markets.”

“We do feel that the kdb+ database needs to get special mention when discussing our market operations surveillance. We were looking for a platform with the ability to read and write in real-time, which kdb+ does well. We also liked its flexible query language because there is no ambiguity in sequencing. We can ask any question we like, the only limit is what we can think of to ask,” added Robert Park, Co-Founder and Chief Technology Officer at IEX, in an accompanying statement.

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