Kx Systems, a provider of time series analysis and databases, has announced that HypoVereinsbank is to use Kx’s cross-asset database system for its proprietary trading desks in Munich and London. The Kx solution is being used to capture millions of streaming market ticks for immediate real-time analysis and historical data analytics, the firm says.
Supporting Kx Systems’ kdb+ platform is the ‘q’ language, designed to deliver fast application and query performance on databases and time-ordered data. The idea behind using the ‘q’ language throughout the system was to create a unified platform architecture with low latency between data capture and analysis, according to the firm.
“We trade multiple asset classes in many different markets and we needed a flexible system with a built-in programming language to make it simple to add additional instruments and expand to more trading desks,” says Thilo Friess, project manager, HVB.
“HVB is the ideal example of how customers performing cross-asset trading in different geographies can use our unified platform and flexible programming language to gain competitive advantage, ” comments Simon Garland, CTO, Kx Systems. “We gave HVB the tools to build a custom system on 64-bit hardware that met the specific requirements of their proprietary trading desks and allowed them to optimise trading opportunities,” he adds.