FD Technologies plc has teamed up with Amazon Web Services to introduce kdb Insights, a cloud-based service, on Amazon FinSpace, AWS’s data management and analytics platform for the financial sector.
Amazon FinSpace with Managed kdb Insights offers existing KX customers an easy way to move their kdb workloads to the cloud. It also appeals to new customers who can take advantage of KX’s performance and cost benefits within an analytics system specifically designed for finance and managed by AWS.
KX and AWS are providing a service that offers customers better security and stability. It also offers 24/7 monitoring and incident management to help customers meet compliance requirements faster. To use the service, customers will need to purchase a KX license and pay based on how much they use it. Kdb Insights, the service, is available on both Amazon FinSpace and the AWS Marketplace.
VP of Financial Services Technology at AWS, Saman Michael Far, said:
With Managed kdb Insights, customers can now set up full scale kdb applications for market data processing and analytics in just a few clicks. We see this as a turning point for our capital markets customers, where moving the core of their market data analytics to the cloud will ensure their most critical analytics are available when needed and provide them with a virtually unlimited ability to experiment with their analysis and gain insights.
KX CEO, Ashok Reddy, said:
KX is trusted by the world’s top banks and hedge funds to manage billions of transactions and trillions of dollars every day. With the launch of Amazon FinSpace with Managed kdb Insights, our customers can experience unparalleled levels of performance versus price thanks to the market-leading capabilities of our Data Timehouse technology and the powerhouse that is AWS. This is a further collaboration between KX and a leading cloud hyperscale partner and is expected to support our future growth ambitions.
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