KX Systems
──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
top
KX is a privately owned software company that sells a time series database kdb+, used for financial modeling and data analysis, and its associated proprietary programming language q.cite-ref-6[6]cite-ref-que-7-0[7]
It was founded in 1993 by Janet Lustgarten and Arthur Whitney,cite-ref-8[8] the developer of the K programming language. In 2014, First Derivatives increased their ownership interest to 65 percent; in 2018, the company (now FD Technologies plc) announced plans to buy out the remaining shares of KX.cite-ref-9[9] KX has offices in New York City, London, England, Ireland, Germany, Australia, Singapore, Tokyo, and Hong Kong.cite-ref-locates-1-1[1]cite-ref-10[10]
Contents
• Overview
──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
Overview
In 1993, Whitney and Lustgarten joined to commercialize the k programming platform Whitney had created after building the A+ language and other trading systems at Morgan Stanley.cite-ref-que-7-1[7]cite-ref-11[11] The purpose of the software was to access and explore large data volumes in financial services computer systems.cite-ref-rac-12-0[12] Initially, Kx Systems had an exclusive contract with Swiss global financial services firm UBS to provide them with the K language. In 1998, the contract with UBS expired and the firm launched the kdb+ database. As part of kdb+, Whitney developed a new language named q that operated with k and uses English keywords.cite-ref-13[13]
In 1999, the company reached a marketing agreement with a Northern Ireland based firm, First Derivatives.;cite-ref-14[14] it opened an office in Manhattan in 2002,cite-ref-15[15] Germany and Japan in 2003,cite-ref-16[16] and Hong Kong in 2009.cite-ref-17[17] In 2014, First Derivatives purchased a 65 percent share of Kx Systems.cite-ref-18[18] Kx became a technology supplier to NASA's Frontier Development Lab.cite-ref-19[19] In July 2018, FD Technologies bought all remaining shares in KX Systems that it did not already hold;cite-ref-20[20] Whitney and Lustgarten then went on to found Shakti.cite-ref-21[21]cite-ref-22[22]
References
cite-note-locates-11. "KX: Contact Us". Kx. Retrieved March 6, 2018.
cite-note-21. "FD Technologies appoints Ashok Reddy as CEO of KX division". youinvest.co.uk. August 5, 2022.
cite-note-32. "Kc Systems". Craft.
cite-note-43. "Kc Systems". Craft.
cite-note-54. citerefatwood2015Atwood, Alice (December 23, 2015). "Exchange Capacity 'Key Issue'—Kx COO". Futures and Options World. Archived from the original on February 4, 2016. Retrieved January 26, 2016.
cite-note-66. ↑ "Search | STAC - Insight for the Algorithmic Enterprise | STAC". stacresearch.com.
cite-note-88. ↑ "Company Overview of Kx Systems, Inc". Bloomberg Business. Retrieved October 29, 2015.
cite-note-99. ↑ "First Derivatives in £41m share buyout". BBC News. 2 July 2018.
cite-note-1010. ↑ "Kx Systems". CNBC. 15 July 2013. Retrieved October 29, 2015.
cite-note-1111. ↑ citerefwilliams2014Williams, Jenny (June 1, 2014). "Janet Lustgarten, CEO at KX Systems, On Shampoo Apps, Databases and Founding Her Own Company". Computer Weekly. Retrieved October 29, 2015.
cite-note-rac-1212. ↑ citerefdempsey2015Dempsey, Michael (February 8, 2015). "What Data Can Tell You About Customers". Raconteur. Retrieved October 29, 2015.
cite-note-1313. ↑ citerefdempsterDempster, John. "History of Kdb+/q Database by kx.com". Time Stored. Retrieved October 29, 2015.
cite-note-1414. ↑ "In Brief: Kx Systems Signs European Marketing Deal". American Banker. March 19, 1999. Archived from the original on April 9, 2016. Retrieved March 6, 2018.
cite-note-1515. ↑ "Kx Systems Opens New York Office". Finextra. October 18, 2002. Retrieved October 29, 2015.
cite-note-1616. ↑ citerefwold2003Wold, Melanie (February 24, 2003). "Kx Systems Expands to Germany and Japan". Financial News. Archived from the original on April 9, 2016. Retrieved October 29, 2015.
cite-note-1717. ↑ "Kx Systems Opens Asian Office in Hong Kong, Appoints Burke to Head". Intelligent Trading Technology. February 11, 2009. Retrieved October 29, 2015.
cite-note-1818. ↑ "IEX Launches Real-Time Market Surveillance". Markets Media. January 2, 2015. Retrieved October 29, 2015.
cite-note-1919. ↑ "Final frontier: First Derivatives selected for NASA project". The Irish Times.
cite-note-2020. ↑ "FD to buy out minority Kx Systems shareholders". FD Technologies plc. Retrieved 2021-10-22.
cite-note-2121. ↑ "shakti". shakti.com. Retrieved 2021-10-22.
cite-note-2222. ↑ citerefbutcher2019Butcher, Sarah (27 November 2019). "The new data platform from the reclusive genius of banking IT". eFinancialCareers. Retrieved 2021-10-22.
External links