Stifel Selects KX To Improve Trade Execution Analytics And Operations

December 14, 2022 - FD Technologies plc subsidiary KX - maker of kdb+, the world's fastest time series database and real-time analytics engine - has announced that Stifel Financial Corp. the full service brokerage and investment banking firm, has chosen KX to enhance market data analytics and drive real-time decision making. With over 8 billion shares traded annually in the U.S., Stifel will leverage the speed and scalability of kdb+ for data ingestion and processing to improve its trade execution analytics and operations in order to increase value for its clients.   

John Spensieri, Managing Director, Head of U.S. Equity Trading, Stifel, said: "Providing greater access to market-critical data helps empower our clients to make better, more informed decisions that help drive positive outcomes. KX is unique in its ability to marry disparate processes and metrics quickly, reliably and with flexibility. We are excited about this partnership and believe it further enhances our position as a best-in-class institutional global trading platform."

The world's largest investment banks, regulators and exchanges across the Financial Services industry lean on KX's kdb+ time series database, independently benchmarked by STAC Research as the world's fastest, for their mission-critical data processing and trade analytics needs.

Kdb+ is ideally suited for the demands of extreme data volume and velocity use cases, such as global trading, because it uniquely combines real-time, in-memory computing, a time series columnar database and an integrated, high-performance, vector-oriented programming language, q. With KX's technology, firms are able to capture, manage and process massive amounts of data in fractions of a second to power complex financial modelling and analytics. In addition, it runs on all leading hyperscale clouds, enabling clients to take advantage of the agility of the cloud for their data-intensive analytics workloads while gaining the performance efficiency kdb+ is known for. Out-of-the-box support for SQL and Python enables developers and data scientists to use their favourite programming languages and tools to derive faster insights.

Conor Twomey, Head of Customer Success, KX, added: "Stifel is one of the largest full-service investment banks in the U.S., and we're thrilled to be working together toward its continued success. In choosing KX, Stifel can now offer world-leading trading analytics and insights, ultimately equipping them with the technology and tools needed to trade with better risk controls and better price protection."