UniCredit HVB Deploys Kx Systems

UniCredit HypoVereinsbank has deployed Kx Systems' Kdb+ tick database technology to capture and analyze streaming tick data across an intra-day in-memory database and a historical disk-based database, to support the bank's proprietary trading operations in Munich, London and New York.

Bank officials declined to comment last week, but in a statement, Thilo Friess, project manager at HVB, says that the bank "reviewed several database solutions" and could not find another vendor that processed "

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