Axi Extends Deal with KX

Streaming analytics provider KX says that retail broker Axi has signed a global enterprise deal for KX Insights, the firm’s cloud-first, real-time streaming analytics platform.

In 2015, Axi deployed KX’ streaming analytics platforms, but is moving to the new service as part of its expansion plans. ““We’re expanding as a business, intently focusing on how we can provide Edge to our clients by launching new products, features and services,” says Simon Turner, chief information officer at Axi. “We were reaching the limit on our previous KX environment so the opportunity to move to KX Insights, a cloud-native version, that will give us all the efficiency and cost benefits of the cloud while being totally scalable to our business is highly attractive.”

KX says adopting the new solution will allow Axi to access to real-time business intelligence reports and analytics in the cloud to drive decisions. It will also enhance trade execution and risk management capabilities while supporting the development of new products and services though the capture, analysis and visualisation of enormous datasets in real time including market data quotes, customer trades, and derived calculations.

Running on Azure, Axi’s chosen cloud platform, KX Insights works with existing cloud native services. KX adds, with Kubernetes support and access to some of the lowest cost storage tiers including Azure Blob Storage, it also offers lower infrastructure and maintenance costs than standard deployments.