Kx Named as Google Cloud Global Technology Partner of the Year - Financial Services
April 09 2019 - 5:30PM
Business Wire
Kx announces that it has received the 2018 Google Cloud Global
Technology Partner of the Year for Financial Services award. The
award was presented today by Google Cloud, at Google Cloud Next ‘19
in San Francisco.
Kx was recognized for the company’s achievements in the Google
Cloud ecosystem, helping joint financial services customers
involved in high-performance capital markets trading activities to
scale resources quickly for burst processing and for modelling and
backtesting purposes. In the financial services industry, where the
procurement process for acquiring new hardware can take six to nine
months, having the ability to quickly access kdb+ on GCP to perform
essential time-sensitive analytics, and then spin those resources
down when not needed, provides significant cost and efficiency
benefits.
For Kx and Google Cloud joint customers, strong results in the
independently audited 2018 Securities Trading Analysis Center
(STAC) financial trading benchmarks validated the business value of
migrating many of their kdb+ applications to GCP. Using cloud
instances for the first time, the real world STAC-M3 tests run on
very large trading datasets. The tests proved that Kx’s kdb+
time-series database, running on GCP, was able to match or exceed
the speed of the same complex calculations as measured against
previous tests using “bare metal,” a critical requirement for
financial institutions.
Glenn Wright, Senior Systems Architect at Kx said: “Offering our
software on the GCP Marketplace provides several benefits to our
customers. Our trading customers use kdb+ because they demand high
performance and extremely fast speeds to maintain their competitive
edge in market data analytics. That’s why the excellent results
achieved in the STAC-M3 benchmarks on GCP in 2018 are so important
to us. They prove the viability of running significant time-series
based kdb+ applications in the cloud.”
“We’re delighted to recognize Kx as the 2018 Google Cloud Global
Technology Partner for Financial Services for their innovative work
on behalf of Google Cloud customers over the past year,” said Kevin
Ichhpurani, Corporate Vice President, Global Partner Ecosystem at
Google Cloud. “Our ecosystem of partners is driving tremendous
innovation, and Kx’s solutions in financial trading and research
are a great example. We’re proud to provide this award to Kx and
look forward to continue building together.”
About Kx
Kx is a division of First Derivatives (FDP.L), a global
technology provider with 20 years of experience working with some
of the world’s largest finance, technology, retail, pharma,
manufacturing and energy institutions. Kx technology, incorporating
the kdb+ time-series database, is a leader in high-performance,
in-memory computing, streaming analytics and operational
intelligence. Kx delivers the best possible performance and
flexibility for high-volume, data-intensive analytics and
applications across multiple industries. The Group operates from 14
offices across Europe, North America and Asia Pacific, including
its headquarters in Newry, and employs more than 2,600 people
worldwide.
For more information about Kx please visit www.kx.com.
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