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Kx Systems

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KX Systems Inc.
Kx Systems
Company typePrivate
IndustrySoftware & Tech Services
Founded1993; 31 years ago (1993) in Palo Alto, California
Founders
Headquarters
New York, New York
,
United States
Number of locations
14 offices[1] (2018)
Area served
Key people
Products
ParentFD Technologies plc
Websitekx.com

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.[6][7]

It was founded in 1993 by Janet Lustgarten and Arthur Whitney,[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.[9] KX has offices in New York City, London, England, Ireland, Germany, Australia, Singapore, Tokyo, and Hong Kong.[1][10]

Overview

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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.[7][11] The purpose of the software was to access and explore large data volumes in financial services computer systems.[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.[13]

In 1999, the company reached a marketing agreement with a Northern Ireland based firm, First Derivatives.;[14] it opened an office in Manhattan in 2002,[15] Germany and Japan in 2003,[16] and Hong Kong in 2009.[17] In 2014, First Derivatives purchased a 65 percent share of Kx Systems.[18] Kx became a technology supplier to NASA's Frontier Development Lab.[19] In July 2018, FD Technologies bought all remaining shares in KX Systems that it did not already hold;[20] Whitney and Lustgarten then went on to found Shakti.[21][22]

References

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  1. ^ a b "KX: Contact Us". KX. Retrieved March 6, 2018.
  2. ^ "FD Technologies appoints Ashok Reddy as CEO of KX division". youinvest.co.uk. August 5, 2022.
  3. ^ "Kc Systems". Craft.
  4. ^ "Kc Systems". Craft.
  5. ^ Atwood, Alice (December 23, 2015). "Exchange Capacity 'Key Issue'—Kx COO". Futures and Options World. Retrieved January 26, 2016.
  6. ^ "Search | STAC - Insight for the Algorithmic Enterprise | STAC". stacresearch.com.
  7. ^ a b "A Conversation with Arthur Whitney". Queue Magazine. 7 (2): 12–13. February 2009. Retrieved October 29, 2015.
  8. ^ "Company Overview of Kx Systems, Inc". Bloomberg Business. Retrieved October 29, 2015.
  9. ^ "First Derivatives in £41m share buyout". BBC News. 2 July 2018.
  10. ^ "Kx Systems". CNBC. Retrieved October 29, 2015.
  11. ^ Williams, 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.
  12. ^ Dempsey, Michael (February 8, 2015). "What Data Can Tell You About Customers". Raconteur. Retrieved October 29, 2015.
  13. ^ Dempster, John. "History of Kdb+/q Database by kx.com". Time Stored. Retrieved October 29, 2015.
  14. ^ "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.
  15. ^ "Kx Systems Opens New York Office". Finextra. October 18, 2002. Retrieved October 29, 2015.
  16. ^ Wold, 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.
  17. ^ "Kx Systems Opens Asian Office in Hong Kong, Appoints Burke to Head". Intelligent Trading Technology. February 11, 2009. Retrieved October 29, 2015.[permanent dead link‍]
  18. ^ "IEX Launches Real-Time Market Surveillance". Markets Media. January 2, 2015. Retrieved October 29, 2015.
  19. ^ "Final frontier: First Derivatives selected for NASA project". The Irish Times.
  20. ^ "FD to buy out minority Kx Systems shareholders". FD Technologies plc. Retrieved 2021-10-22.
  21. ^ "shakti". shakti.com. Retrieved 2021-10-22.
  22. ^ Butcher, Sarah (27 November 2019). "The new data platform from the reclusive genius of banking IT". eFinancialCareers. Retrieved 2021-10-22.
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