Kx Systems says that it has built a system for Cantor Fitzgerald that allows the firm to query historical and streaming market data. It is based on the Kx kdb+ database and “q” programming language.
Kx says that the system allows traders to track their portfolio risk and trades in realtime, and so follow the momentum of price movements. This enables swifter trading decisions, without compromising risk management.
“Everyone talks about realtime risk management, but with kdb+ we actually attain it,” says Jacob Loveless, an SVP at Cantor. “We’ve gone beyond simply knowing the risk to being able to act on it in the moment. The ability to integrate realtime publishing with historical searches made kdb+ the obvious choice for our new analysis system.”
“Cantor is the ideal example of how the world’s most innovative investment firms are using Kx Systems products today,” adds Simon Garland, the CTO of Kx. “It’s no longer about building separate systems for tick data, historical queries, cross-asset data trading, and so on. It’s about solving the entire puzzle at once, which is exactly what kdb+ was designed to do.”