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Kx Systems Seals OEM Deal with CoreOne Technologies

By Zoe Schiff

First Derivatives’ Kx Systems has forged an OEM licensing agreement with CoreOne Technologies, a data management platform. Under the arrangement, CoreOne will deploy Kx System’s kdb+ tick and time-series database to help clients process growing data volumes and perform intricate analytics.

Kx Systems’ existing clients include Goldman Sachs, Fidelity Investments, Morgan Stanley, Royal Bank of Canada and IEX. Kdb+ helps these and other institutions handle large volumes of data in support of fast, complex analytics. Its time-series database system uses a query language called q that allows access to real-time streaming and historical data.

Under the latest agreement, Kdb+ will supplant CoreOne’s legacy databases, managing multiple gigabytes of data per client. CoreOne will provide access for its clientele of investment banks, asset managers, and other financial institutions. CoreOne Technologies’ platform manages the aggregation, management and distribution of data and information services. The company is the umbrella parent of the PrimeOne, DeltaOne, RegOne and VistaOne Solutions set.  

“The kdb+ high-speed, in-memory analytics is an ideal fit for our clients and adds significant benefit to our reporting framework by greatly reducing query time,” says Ishan Manaktala, the COO of CoreOne Technologies. “We process millions of records a day and require a data platform capable of managing huge volumes of structured data. It was essential to our regulatory service to invest in our application’s ability, not only to read incoming transaction data in large volumes but also to quickly perform calculations and generate the analytics required by our clients.”

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