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Kx a division of First Derivatives has received the 2018 Google Cloud Global Technology Partner of the Year for Financial Services award.

Kx technology, incorporating the kdb+ time-series database, is a leader in high-performance, in-memory computing, streaming analytics and operational intelligence.

The award was presented last week by Google Cloud, at Google Cloud Next ‘19 in San Francisco.

First Derivatives office in Hill Street, Newry. Photograph: Columba O'Hare/ Newry.ie
The First Derivatives office in Hill Street, Newry. Photograph: Columba O'Hare/ Newry.ie

Kx was recognized for the company’s achievements in the Google Cloud ecosystem, helping joint financial services customers involved in high-performance capital markets trading activities to scale resources quickly for burst processing and for modelling and backtesting purposes. In the financial services industry, where the procurement process for acquiring new hardware can take six to nine months, having the ability to quickly access kdb+ on GCP to perform essential time-sensitive analytics, and then spin those resources down when not needed, provides significant cost and efficiency benefits.

Glenn Wright, Senior Systems Architect at Kx said: “Offering our software on the GCP Marketplace provides several benefits to our customers. Our trading customers use kdb+ because they demand high performance and extremely fast speeds to maintain their competitive edge in market data analytics. That’s why the excellent results achieved in the STAC-M3 benchmarks on GCP in 2018 are so important to us. They prove the viability of running significant time-series based kdb+ applications in the cloud.”

“We’re delighted to recognize Kx as the 2018 Google Cloud Global Technology Partner for Financial Services for their innovative work on behalf of Google Cloud customers over the past year,” said Kevin Ichhpurani, Corporate Vice President, Global Partner Ecosystem at Google Cloud. “Our ecosystem of partners is driving tremendous innovation, and Kx’s solutions in financial trading and research are a great example. We’re proud to provide this award to Kx and look forward to continue building together.”

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