CoreOne Technologies Announces Partnership with Kx Systems
Financial data management services provider signs OEM license agreement with Kx Systems.
CoreOne will use the solution to manage its growing client data from investment banks, asset managers and other firms in the capital markets.
Kx Systems' kdb+ has a built-in time-series query language called q that allows unified access to streaming, real-time and historic data. The database will be deployed across CoreOne's business divisions and replace legacy databases, managing several gigabytes of data per client.
"The kdb+ high-speed, in-memory analytics is an ideal fit for our clients and adds significant benefit to our reporting framework by greatly reducing query time," said Ishan Manaktala, chief operating officer of CoreOne, in a statement. "We process millions of records a day and require a data platform capable of managing huge volumes of structured data. It was essential to our regulatory service to invest in our application's ability, not only to read incoming transaction data in large volumes but also to quickly perform calculations and generate the analytics required by our clients."
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