Kx Systems, a provider of streaming and historical data and analytics, and Detica, a business and technology consultancy, have announced that the Kx kdb+ database will be a core component of SABRE II, a market monitoring solution created by Detica and selected by the Financial Services Authority (FSA) to help it combat market abuse by trapping insider trades and identifying other illegal activities as they occur.
The need for real-time surveillance is on the rise as trading becomes more complex and electronic, involving huge volumes of daily transactions, according to Ks Systems.
SABRE II will integrate multiple technologies, with the Kx kdb+ database supplying a relational database able to support the FSA's requirement of real-time intelligence on multi-terabytes of data.
"The essence of what the FSA asked us to provide them is the ability to deliver market intelligence on volumes of data as quickly as possible," says Simon Asplen-Taylor, head of market and regulatory services, Detica. "For us, the clear database choice was kdb+. The ability of kdb+ to handle analyses on terabytes of data at realtime speeds is unrivalled. It fit the FSA's needs exactly."
Real-time intelligence requires complex event processing and the ability to compare historical to streaming data 'on the fly', Kx Systems says.
"Kx believes that real-time intelligence requires a full-fledged database in addition to streaming analysis. Without a fast, comprehensive
database, the overall architecture will be too slow to deliver adequate speed as data volumes grow," says Kx Systems president Janet Lustgarten. "We are delighted to be working with Detica on a solution that will help the FSA meet its statutory obligation to promote fair markets for all consumers."