About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Kx Systems Enhances kdb+ with Encryption and Google Snappy Compression

Subscribe to our newsletter

Kx Systems, a subsidiary of First Derivatives and supplier of high performance data management and analytics technology, has released version 3.4 of its kdb+ database with the inclusion of encryption, an additional compression algorithm and the latest upgrade of Microsoft’s Open Database Connectivity (ODBC) interface.

The additions in release Kx v3.4 are a response to client feedback and are expected to provide immediate benefits to kdb+ users. The encryption feature uses TLS/SSL protocols to secure connections to the database, the upgrade to Microsoft ODBC 3.8 allows integration with visualisation tools such as Tableau, and the addition of Google’s Snappy compression to existing compression algorithms allows data to be compressed up to 25% faster than other methods.

Simon Garland, chief customer officer at Kx, explains: “The main feature clients have been asking for is encryption. The addition of TLS support provides secure connections that are vital as financial institutions face ever greater cyber security challenges and banks must meet regulatory requirements around cyber security. The new ODBC driver will help our clients access much larger datasets through business intelligence packages like Tableau.”

The production version of Kx v3.4 is available immediately. The 32-bit version that is free and can be downloaded from the Kx website for non-commercial activities will be available shortly.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Unlocking Transparency in Private Markets: Data-Driven Strategies in Asset Management

As asset managers continue to increase their allocations in private assets, the demand for greater transparency, risk oversight, and operational efficiency is growing rapidly. Managing private markets data presents its own set of unique challenges due to a lack of transparency, disparate sources and lack of standardization. Without reliable access, your firm may face inefficiencies,...

BLOG

TRG Screen Launches AI Assist to Advance Reference Data Cost Management

Market data spend and usage management software provider TRG Screen has launched an artificial intelligence-powered capability to help financial institutions better manage spiralling data costs. The conversational AI interface sits on top of TRG Screen’s established Xmon platform, allowing users to interact with their own programme data using natural language. Instead of digging through technical reports, users can ask the system direct questions about cost optimisation opportunities and...

EVENT

RegTech Summit London

Now in its 9th year, the RegTech Summit in London will bring together the RegTech ecosystem to explore how the European capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

Hosted/Managed Services

The on-site data management model is broken. Resources have been squeezed to breaking point. The industry needs a new operating model if it is truly to do more with less. Can hosted/managed services provide the answer? Can the marketplace really create and maintain a utility-based approach to reference data management? And if so, how can...