Options, KX partner on market data analytics platform
Options Technology, a provider of capital markets services and market data, today announced a new partnership with KX, maker of kdb, the world’s fastest time series database and analytics engine, and a leader in Data Timehouse technology.
Through this partnership, KX will utilize Options’ extensive market data footprint to enhance the analytics platform, providing clients with real-time and historical insights. Options will provide KX with access to its vast repository of market data, including Equities, FX, Futures, Options, and Fixed Income data, as well as advanced market data analytics tools. Together, the two companies will create a cloud-based, market data analytics platform to deliver enhanced trading outcomes for clients.
“Our partnership with KX marks a momentous occasion for Options Technology and the financial services sector as a whole” said Danny Moore, President and CEO of Options Technology. “The integration of our market data and analytics solutions with KX’s market-leading time series database and Data Timehouse technology will be a game-changer, providing clients with unparalleled insights and enabling them to make informed trading decisions in real-time.”
KX’s analytics engine gives users the ability to analyze and monitor large volumes of time series and relational data in real-time, enabling them to make faster and better-informed trading decisions. The addition of Options’ data will further enhance the platform’s capabilities, providing users with an even more comprehensive view of the market.
James Corcoran, Chief Growth Officer at KX added:
“The partnership with Options Technology demonstrates our commitment to making it easier for firms to consume market data as a service, by providing a packaged offering so that users can get to value and insights straight away, without having to build and maintain their own infrastructure. It’s a powerful proposition for firms looking to give their data science and quant research teams a greater competitive edge.”
Today’s news comes as the latest in a series of exciting developments for Options, including its completion of SOC compliance for a 12th consecutive year, its deployment of OPRA in Frankfurt FR2 and its onshore trading expansion in Taiwan.
In 2019, Options received investment from Boston-based Private Equity Firm Abry Partners. This investment has enabled Options to accelerate its growth strategy and develop its technology platform while expanding its global reach in key financial centres.