Intercontinental Exchange and KX partner to deliver real-time analytics for over 25 million financial instruments

July 13, 2023 - Intercontinental Exchange, Inc. (ICE) has joined forces with KX, creator of the industry-trusted Data Timehouse™ kdb+ and the KDB.AI vector database. 

The partnership aims to leverage KX’s platform to provide real-time analytics on data derived from ICE’s Consolidated Feed and Consolidated History. 

The exponential growth in the volume, speed, and complexity of market data poses significant challenges for financial firms grappling with data management. These firms often struggle to extract valuable insights quickly enough to drive important business decisions. The alliance between ICE and KX is specifically designed to tackle these challenges head-on.

The partnership integrates data from ICE's Consolidated Feed, which aggregates cross-asset content from over 600 global sources including exchanges and over-the-counter venues, into KX's analytics platform. As a result, mutual clients can conduct real-time analytics and deploy complex models, helping them gain valuable insights and make real-time decisions to advance their businesses.

For instance, hedge funds could apply algorithmic models to the consolidated data from ICE, optimising their trading strategies in real-time based on predictive insights. Similarly, asset managers could train models on market data to forecast financial trends and adjust their portfolios accordingly. This confluence of data and technology promotes more efficient risk management and decision-making.

Maurisa Baumann, Head of Desktops and Feeds at ICE, commended the collaboration, “The ICE Consolidated Feed provides one of the broadest global data offerings currently available. By leveraging KX’s real-time analytics and ability to overlay complex models based on our data, we’re able to offer an enhanced solution for our customers that can match their needs as they manage risk and execute trading strategies.”

The ICE Consolidated Feed, used by a diverse range of banks, asset managers, hedge funds, and ISVs, provides a wide array of financial information across various domains like equities, derivatives, fixed income, foreign exchange, money markets, commodities, energy, and ETFs. This data can be delivered in multiple formats, including real-time or delayed, and either tick-by-tick or conflated.

James Corcoran, Chief Growth Officer at KX, commented on the significance of data in the financial sector, “Data is the lifeblood of the financial services sector. Through this collaboration, our customers gain access to an extensive range of high-quality data that can allow them to extract deeper insights, train more accurate models, and ultimately make better decisions. We’re excited to be collaborating with ICE and look forward to developing more creative and innovative use cases to drive tangible business value.”