Intercontinental Exchange, Inc. (ICE), the global provider of data, technology, and market infrastructure, has joined forces with KX, creator of the Data Timehouse and KDB.AI vector database, in order to utilise KX’s platform to offer real-time analytics on data from ICE’s Consolidated Feed and Consolidated History.
The collaboration comes in response to the growing challenges faced by financial firms due to the increasing volume, speed, and complexity of market data, making it difficult to manage and extract valuable insights swiftly enough to inform impactful business decisions.
The integration of data from ICE’s Consolidated Feed – which aggregates cross-asset content from over 600 global sources, including exchanges and over-the-counter venues – into KX’s analytics platform is designed to directly address these issues by allowing mutual clients to run real-time analytics and deploy complex models. This will enable clients to derive valuable insights from their data, thereby enhancing their decision-making process in real time and propelling their business forward.Hedge funds for example, can apply algorithmic models to the consolidated data from ICE to optimise their trading strategies in real time based on predictive insights. Similarly, asset managers can use market data to train models to predict financial trends and adjust their portfolios accordingly. This fusion of data and technology aims to facilitate more efficient risk management and decision-making.
Maurisa Baumann, Head of Desktops and Feeds at ICE, commented: “The ICE Consolidated Feed provides one of the broadest global data offerings currently available. By leveraging KX’s real-time analytics and ability to overlay complex models based on our data, we’re able to offer an enhanced solution for our customers that can match their needs as they manage risk and execute trading strategies.”
The ICE Consolidated Feed, used by a variety of banks, asset managers, hedge funds, and ISVs, offers a wide range of financial information across various markets. This includes equities, derivatives, fixed income, foreign exchange, money markets, commodities, energy, and ETFs. The data from these markets can be provided in multiple formats, such as real-time or delayed, tick-by-tick or conflated.
“Data is the lifeblood of the financial services sector,” commented James Corcoran, Chief Growth Officer at KX. “Through this collaboration, our customers gain access to an extensive range of high-quality data that can allow them to extract deeper insights, train more accurate models, and ultimately make better decisions. We’re excited to be collaborating with ICE and look forward to developing more creative and innovative use cases to drive tangible business value.”
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