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.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.