October 20, 2022 - ADSS, the Abu Dhabi and London-based financial services firm, has partnered with real-time analytics company KX to increase operational efficiency as it rolls out its growth strategy and offers clients greater access to liquidity and a broader range of financial instruments.
ADSS, one of the biggest CFD trading platforms in the Middle East, is making significant investments, and partnering with top-tier technology providers to develop proprietary data processes and multi-asset trading platforms.
The adoption of KX technology - incorporating kdb+, the world's fastest independently benchmarked times series database - has enabled ADSS to better automate and standardise risk management capabilities, reducing margins of error while enhancing execution speeds.
KX enables ADSS to combine both real-time streaming and historic data at speed and scale for richer actionable intelligence and critical split-second decision-making. Additionally, the integration of KX's powerful visualisation and dashboard capabilities has enabled ADSS to handle large amounts of data without sacrificing the level of real-time, high-quality insights required by financial services firms.
Chris Dale, ADSS' Co-Head Quantitative Trading
Commenting on the partnership, Chris Dale, ADSS' Co-Head Quantitative Trading, said:
"We price more than 2,700 different instruments, which translates to roughly 1 billion market data ticks per day. To react quickly to unexpected market events, we need real-time analysis of vast amounts of both in-flight and historic data. KX enables us to make better-informed business decisions in real-time, improve customer service with both clients and business partners and be more data-driven across our entire business. We see KX as an important strategic partner for ADSS as we continue our transformation into a data-centric business."
Nikos Tsoskounoglou, ADSS' Co-Head Quantitative Trading, added:
"Continually enhancing the quality of our data and its delivery speed allows us to leverage large amounts of data in real-time and is vital for accelerating our transformation into a more data-driven organization. The new ecosystem for data that we are building will support our internal processes and continue to enhance our agility in a rapidly changing environment. Through our partnership with KX, we are now harnessing data across the business more efficiently, providing our clients with a more seamless experience, superior pricing, products, and levels of customer service."
Rich Kiel, Global Head of FX Solutions at KX
Rich Kiel, Global Head of FX Solutions at KX, commented:
"Financial markets operate in microseconds, which is why faster access to richer data and insights is becoming a critical requirement for firms across the sector. We're delighted to be further strengthening our long-standing relationship with ADSS by supporting its transformational growth strategy, helping it democratize access to data and insights across the business, and ultimately deliver even greater value for customers."
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