The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

KX Adds Cloud-Native Stream Analytics to kdb+ as Clients Seek Off-Prem Solutions

KX has released KX Insights, a cloud native streaming analytics solution that provides fast, scalable real-time data insights without the capex and maintenance burden of on-premise infrastructure. KX Insights is built on the company’s cloud version of the kdb+ time series database and uses a microservices architecture that supports not only new KX users but also existing customers by providing a ‘small steps’ rather than ‘big jump’ migration to cloud native streaming analytics.

KX Insights, similar to other kdb+ options, is designed as a horizonal platform supporting multiple vertical data use cases from business insight and development to data science, trading analytics, reporting, risk management, compliance and more. It runs natively on all major hyperscale cloud platforms including AWS, Microsoft Azure and Google Cloud, and can leverage thousands of existing cloud native services. With access to low cost storage such as Amazon Simple Storage Service (S3), Microsoft Azure Blob and Google Cloud Storage, the solution provides much lower infrastructure and maintenance costs than standard deployments.

Gerry Buggy, chief strategy officer at KX, says: “We hear more and more from our customers that they want access to their data and analytics without the associated compute and storage infrastructure costs. KX Insights provides fast, flexible and affordable access to a high-performance analytics platform that can transform operational performance and drive competitive differentiation.”

The use of standard, modern devops tools furthers the capabilities of KX Insight, with tools such as Docker offering containerisation for building and testing apps before deployment, and the Kubernetes application management ecosystem allowing the solution to run fully on cloud, on edge, or in hybrid or on-premise environments. It also supports SQL for integration and interoperability with other services and applications including database systems, visualization packages and business intelligence solutions. AWS Kinesis and Google Cloud PubSub integration will offer deeper workflow integration and automated decision making.

Buggy says KX Insights is a game changer for organisations making decisions based on real-time data as it offers the power and capabilities of kdb+ in a low-cost, subscription based, simple to use and highly dynamic and scalable environment.

KX started work on Insights in mid-2020, had the solution running internally at the end of the year, and ran user acceptance testing in early 2021, before release in March 2021. The company restructured internally to create an agile development scrum with small teams working in parallel on the platform and each developing and releasing microservices.

Dan Seal, senior vice president of streaming analytics at KX, says: “Encapsulation and an API mean we can build in parallel and use a continuous integration/continuous deployment (CI/CD) testing layer.” He adds, “This is not just about technology, but the need to realign people and processes to maximise ROI. As the world automates, it is moving towards complex event processing using time series data and delivering streaming analytics – this is where KX is.”

Related content

WEBINAR

Recorded Webinar: Integrating Intelligent Machine Readable News

Intelligent machine readable news is a powerful tool in the arsenals of trading and investment firms seeking competitive advantage. It turns unstructured data into actionable insight and can be used, for example, to uncover market trends, identify correlations and evaluate sentiment. In turn, it can inform quant strategies and predictive models. While machine readable news...

BLOG

A-Team Webinar: Integrating Intelligent Machine-Readable News

Machine-readable news technology, which enables trading and investment firms to process unstructured news data in a way that it can be added to the investment process, has become a powerful tool for firms seeking a competitive edge in today’s markets, as it can help firms derive sentiment, which in turn can be used to generate...

EVENT

Data Management Summit Virtual (Redirected)

The Data Management Summit Virtual brings together the global data management community to share lessons learned, best practice guidance and latest innovations to emerge from the recent crisis. Hear from leading data practitioners and innovators from the UK, US and Europe who will share insights into how they are pushing the boundaries with data to deliver value with flexible but resilient data driven strategies.

GUIDE

Trading Regulations Handbook 2021

In these unprecedented times, a carefully crafted trading infrastructure is crucial for capital markets participants. Yet, the impact of trading regulations on infrastructure can be difficult to manage. The Trading Regulations Handbook 2021 can help. It provides all the essentials you need to know about regulations impacting trading operations, data and technology. A-Team Group’s Trading...