Growing Volumes Prompt 'Next Generation' Kx Release
Kx Systems, a provider of relational database and analysis products, has launched kdb+, the next generation of the company’s kdb database. The addition of kdb+ comes in response to the financial industry’s need to process billions of events in real-time, according to Kx Systems. It claimed the new platform helps financial firms control costs whilst managing expanding volumes of trade data. Kx Systems stressed that the new system would dramatically reduce transaction and message latency and enable firms to implement sophisticated trading strategies involving time-ordered data and vast numbers of transactions. The company has also announced the release of 64-bit versions of kdb+tick, Kx Systems’ tick database application, and kdb+taq, its fast loader and analysis application for NYSE TAQ data.