Thomson Reuters Taps FD-Kx for Velocity Analytics
The vendor will use First Derivatives' Kx technology to provide the underlying analytics and data management for Velocity.
Velocity Analytics combines real-time and reference data with Thomson Reuters' tick history database to provide clients with market data for use by quantitative analysts, traders and compliance departments.
First Derivatives' Kx technology enables real-time analytics on large datasets, which will power Velocity Analytics. The platform provides both pre-built and custom analytics on enriched market data from more than 70 exchanges, brokers and vendors. Clients will be able to create their own data repository for analytics, compliance and other use cases.
The service will be deployed to customers through Thomson Reuters' Elektron infrastructure.
"Given Thomson Reuters' global customer footprint and the demand across the industry for streaming analytics and market insight driven by increasingly quantitative trading strategies and regulatory reporting requirements, demand should be strong for this solution. We are pleased to be working with FD to power Velocity Analytics using Kx technology," says Mike Powell, managing director of enterprise capabilities for Thomson Reuters' Financial & Risk division, in a statement.
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