KX SYSTEMS LICENSES KDB+ TECHNOLOGY TO FIRST DERIVATIVES

Posted January 26, 2009

PALO ALTO, Calif. – Database and time-series analysis provider Kx Systems has licensed First Derivatives plc, a specialist provider of products and services to the capital market technology sector, to include its kdb+ technology in all First Derivatives products, to accelerate implementations and increase productivity.

“We have had an outstandingly successful working relationship with Kx Systems for more than 10 years,” says Brian Conlon, Chief Executive Officer of First Derivatives. “The combination of the power of kdb+, our global presence, leadership and expertise in this technology and our extensive intellectual property enable First Derivatives to continue to provide compelling applications in the algorithmic trading, market data, complex-event processing (CEP) and risk management spaces. We will also be developing new applications to meet demand in other domains, such as telecommunications and utilities. Our decision to use kdb+ as the base for all our products is a clear demonstration of our confidence in Kx.”

The first phase of First Derivatives’ planned product rollout will include applications focusing on market data, CEP, real-time trading and real-time risk management. The next phase will see the use of kdb+ for applications in the utilities and telecommunications sectors.

“This agreement with FDP strengthens Kx’s OEM focus,” says Janet Lustgarten, Chief Executive Officer, Kx Systems. “The (non-Kx) structures that underlie some legacy approaches to real-time business combined with the increase in data volumes are causing systems to fail. The lack of scalability is due to limitations of the ageing relational database and business intelligence technology. Kx’s agreement with First Derivatives will result in high-performance, low latency applications and a fast ROI for clients through substantial reductions in implementation times and costs.”