KX and Microsoft in Strategic Partnership
Posted by Colin Lambert. Last updated: March 2, 2022
FD Technologies’ KX has entered into a a strategic partnership agreement with Microsoft to expand the reach of its KX Insights streaming data analytics platform.
KX Insights will be embedded natively on the Microsoft Azure platform as a first class service, with KX generating revenue based on consumption; the firm has also agreed to work with Microsoft to target new applications and services that will accelerate innovation and growth for organisations in the financial services sector.
KX says it recognises there is a growing demand across industries for analytics solutions that can efficiently support client needs across both real-time streaming and historic data to enable real time business-critical decisions. KX Insights on Azure will enable customers to store and access their data using complex event processing, high-performance analytics and machine learning interfaces on one unified and easy-to-use platform, it adds. The integration within Microsoft’s cloud ecosystem means the platform will work seamlessly with Microsoft services.
The collaboration to to develop applications and services will leverage KX’s time-series database capabilities as a core building block as the firms seek to help the capital markets ecosystem including exchanges, buy-side firms and sell-side institutions create high-value insights that facilitate real-time decision making.
“This strategic partnership with Microsoft accelerates our mission to enable organisations to drive value from their real-time data assets,” says Seamus Keating, CEO of FD Technologies. “Enterprises will benefit from the unrivalled performance, scalability and security of KX Insights optimised for Microsoft Azure. In addition, we are excited to partner with Microsoft in developing technology solutions that address the demanding requirements of financial services organisations, particularly in capital markets where KX has a market-leading position. This is a landmark agreement for KX, with significant strategic benefits supporting our growth ambitions.”