Kx Systems: Kdb+ Powers Trading Platform for BitMEX High-Frequency Bitcoin Exchange
29.6.2017 09:00 | Business Wire
Kx Systems, a subsidiary of First Derivatives plc (FD), and provider of the industry-leading kdb+ time series database, announces that Bitcoin Mercantile Exchange (BitMEX), a cryptocurrency derivatives exchange, has expanded its use of kdb+ within its trading platform.
Kdb+ is widely used in the financial services industry to power trading and risk management platforms, setting industry records for speed, performance and stability in high performance applications. These attributes are increasingly recognized across a range of markets requiring fast analytics on Big Data, such as manufacturing and retail, while Kx is also at the forefront of the use of predictive analytics, virtual reality, artificial intelligence and machine learning techniques.
BitMEX is a trading venue where all deposits and withdrawals happen on the Bitcoin blockchain. Started in 2014, current trading volume exceeds US$3,500,000,000 per month of derivatives products. The firm’s founders have experience in equities derivatives trading, algorithmic trading systems and high-performance web applications. Building on the foundation of their experience creating market making and high frequency trading systems with kdb+, the engineers at BitMEX are continuously expanding their offerings.
Arthur Hayes, CEO of BitMEX said: “With kdb+ we can dynamically change and add new features and bring new products to market within two hours. Having this speed gives us a significant edge. Another advantage to using kdb+ is we know that our numbers are correct all of the time. This is important when you are dealing with lots of leverage and other technologies. We can be confident to offer high leverage because we have audited, reliable results. Our competitors can barely do these calculations within the day, they go offline to do this.”
Mark Sykes, COO at Kx Systems said: "We are increasingly seeing kdb+ being used for streamed event processing and in-memory analytics, as well as more traditional time-series storage. BitMEX’s extraordinary growth, cementing them as the world's most advanced derivatives exchange for virtual currencies, tracks with their expanded use of Kx software, perfectly illustrating how our technology is transforming new markets. We look forward to working closely with BitMEX as they continue writing their success story."
About FD and Kx
FD is a global technology provider with 20 years of experience working with some of the world’s largest finance, technology and energy institutions and employs over 1,700 people worldwide. The Group’s Kx technology is a leader in high-performance, in-memory computing, streaming analytics and operational intelligence. It delivers the best possible performance and flexibility for high-volume, data-intensive analytics and applications for multiple industries including finance, pharmaceuticals and manufacturing.
BitMEX gives retail investors access to the global markets using digital currencies and derivatives. BitMEX through the use of digital currency derivatives aims to allow anyone, anywhere, to trade any type of financial asset. BitMEX will allow the 90% of the world, who are not serviced by traditional financial services firms, access to financial products. The exchange allows for trading using up to up to 100x leverage on Bitcoin and other Altcoins. BitMEX is now the world’s largest Bitcoin / USD and digital currency derivatives trading platform by volume.
For more information about BitMEX please visit www.bitmex.com.
Kx® and kdb+ are registered trademarks of Kx Systems, Inc., a subsidiary of First Derivatives plc. © 2017 Kx Systems
For further information please contact:
Octopus Group for Kx Systems
0845 370 7024
For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.
Tilaa tiedotteet sähköpostiisi
Haluatko tietää asioista jo ennen kuin ne uutisoidaan? Kun tilaat tiedotteemme tältä julkaisijalta, saat ne sähköpostiisi yhtä aikaa suomalaisen median kanssa. Tilauksen voit halutessasi perua milloin tahansa.
Lue lisää julkaisijalta Business Wire
Vertex Expands Cloud Platform in Response to Market Demand24.7.2017 19:28 | Tiedote
Vertex, Inc. today announced it is significantly expanding the capabilities and reach of its cloud platform. Success in the $500 million and below market, the need for more efficient and agile technology in the tax space and significant growth in cloud adoption are fueling enterprise cloud expansion. This enhanced offering, Vertex® Cloud Indirect Tax, runs on the most advanced tax calculation and returns software platform in the industry, used by thousands of businesses from the largest corporations in the world to the smallest ecommerce businesses. Vertex Cloud is right-sized for any organization and is positioned to support all sales and use tax needs. Benefits of Vertex Cloud include: Extended functionality for all types of businesses across the globe; Reduced time and effort to perform tax calculations and returns;
Larsen & Toubro Infotech Limited (LTI) Announces: Net Profit Jumps 5% QoQ; USD Revenue Growth up 2% QoQ and 12% YoY24.7.2017 17:47 | Tiedote
Larsen & Toubro Infotech (BSE code: 540005)(NSE: LTI), a global technology consulting and digital solutions company, announced its Q1 FY18 results today. In US Dollars: Revenue at USD 259.2 million; growth of 2.0% QoQ and 12.2% YoY Constant Currency Revenue growth of 1.5% QoQ and 11.8% YoY In Indian Rupees: Revenue at Rs 16,707 million; decline of 0.4% QoQ and growth of 7.4% YoY Net Income at Rs 2,672 million; Net Income growth of 5.0% QoQ and 13.3% YoY “We continue our growth trajectory with a 2% QoQ increase in USD revenues, reflecting the resilience of our portfolio. Digital Services and Infrastructure Managem
Moody’s Analytics Voted Best Credit Risk Solution Provider in Waters Rankings for Second Year in a Row24.7.2017 17:00 | Tiedote
Moody’s Analytics today announced that it has been voted “Best Credit Risk Solution Provider” for its RiskCalc™ solution in the 2017 Waters Rankings. The RiskCalc solution provides a global suite of models for evaluating commercial and industrial credit risk. 2017 marks the second straight year that Moody’s Analytics has won the “Best Credit Risk Solution Provider” category in the Waters Rankings. Each year, these rankings are determined through a poll of the readers of Waters magazine, a financial IT publication with a readership of over 10,000 professionals. “We are proud that industry practitioners have again recognized RiskCalc software as the best credit risk solution,” said Mehna Raissi, Senior Director-Product Management at Moody’s Analytics. “This honor reflects the value our clients receive from using RiskCalc software. We understand our customers’ challenges, the r
Synectics Wins European Contract for Train-to-Ground ‘Passenger Help’ Solution24.7.2017 16:59 | Tiedote
Synectics is to develop a train-to-ground solution that will enable a major European rapid transit operator to receive, manage and respond to on-vehicle passenger help requests remotely, from a central command center. Following a year-long competitive tender process ‒ which identified Synectics as the most suitable provider to deliver against the technical requirements involved ‒ the global surveillance specialist has been chosen to design and deploy the tailored solution across 680 trains servicing the capital city. To answer the brief, Synectics has developed an “audio gateway” hardware solution which interfaces with the customer’s on-vehicle passenger help system to enable audio in/audio out transmission via the train’s cellular modem. Using Synectics’ Synergy command and control platform to integrate the communications data, authorized personnel based a
Calvin Klein, Inc. Announces Fall 2017 CALVIN KLEIN 205W39NYC Global Advertising Campaign24.7.2017 16:00 | Tiedote
Calvin Klein, Inc., a wholly owned subsidiary of PVH Corp. [NYSE: PVH], today announced the Fall 2017 CALVIN KLEIN 205W39NYC global multi-media advertising campaign. The campaign features the debut CALVIN KLEIN 205W39NYC collection by Chief Creative Officer Raf Simons. This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170724005416/en/ FALL 2017 CALVIN KLEIN 205W39NYC GLOBAL ADVERTISING CAMPAIGN (Photo: © 2017 Willy Vanderperre) Shot by photographer Willy Vanderperre, the visually striking campaign presents a cast of 22 models shot against a series of billboards that feature images from last season’s CALVIN KLEIN: American Classics campaign. The billboards of the previous campaign – which include works by artist Andy Warhol – were erected in the California desert in the days le
Samsung Bioepis Announces RENFLEXIS™ (infliximab-abda) Now Available in the United States24.7.2017 15:04 | Tiedote
Samsung Bioepis Co., Ltd. today announced the launch of RENFLEXIS ™ (infliximab-abda), a biosimilar referencing Remicade® (infliximab), in the United States (US). RENFLEXIS ™ was developed by Samsung Bioepis, and is being commercialized in the US by Merck, which is known as MSD outside of the US and Canada. RENFLEXIS™ was approved by the US Food and Drug Administration (FDA) in April 2017. This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170724005616/en/ Christopher Hansung Ko, President & CEO of Samsung Bioepis. (Photo: Business Wire) “Since we were established five years ago, we have strived to bring high-quality treatment options at a lower cost to US patients. RENFLEXIS is our first step in meeting this important commitment,” said Christopher Hans
Uutishuoneessa voit lukea tiedotteitamme ja muuta julkaisemaamme materiaalia. Löydät sieltä niin yhteyshenkilöidemme tiedot kuin vapaasti julkaistavissa olevia kuvia ja videoita. Uutishuoneessa voit nähdä myös sosiaalisen median sisältöjä. Kaikki STT Infossa julkaistu materiaali on vapaasti median käytettävissä.Tutustu uutishuoneeseemme