Kx Signs An OEM License Agreement With First Derivatives

Kx Systems, the high performance database and timeseries analysis provider, has signed an OEM License Agreement with First Derivatives plc (FDP), a specialist provider of products and services to the capital market technology sector. The OEM agreement is an next

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Kx Systems, the high-performance database and timeseries analysis provider, has signed an OEM License Agreement with First Derivatives plc (FDP), a specialist provider of products and services to the capital market technology sector.

The OEM agreement is an next phase in the ten-year relationship between the two companies, during which time FDP was Kx’s strategic sales partner and provided consulting services to Kx clients. This close working relationship has given FDP an inside view of Kx’s technology. Kx’s kdb+ will be embedded in all FDP’s products, which is expected to accelerate implementations and increase productivity.

“We have had an outstandingly successful working relationship with Kx Systems for more than ten years and I am delighted it has been strengthened further,” says Brian Conlon, FDP’s CEO. “The combination of the power of kdb+, our global presence, leadership and expertise in this technology and our extensive intellectual property enable FDP to continue to provide compelling applications in the algorithmic trading, market data, complex event processing (CEP) and risk management spaces. We will also be developing new applications to meet demand in other domains such as telecommunications and utilities.” Conlon adds: “Our decision to use kdb+ as the base for all our products is a clear demonstration of our confidence in Kx.”

The first phase of FDP’s planned product rollout will include applications focusing on market data, complex event processing (CEP), real-time trading and real-time risk management. The next phase will see the use of kdb+ for applications in the utilities and telecommunications sectors.

“This agreement with FDP strengthens Kx’s OEM focus,” says Janet Lustgarten, CEO of Kx Systems. “The (non- Kx) structures that underlie some legacy approaches to real-time business combined with the increase in data volumes are causing systems to fail. The lack of scalability is due to limitations of the ageing relational database and business intelligence technology. Kx’s agreement with FDP will result in high-performance, low latency applications and a fast ROI for clients through substantial reductions in implementation times and costs.”

D.C.

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