By Rob Hodgkinson,
Director (Asia Pacific), First Derivatives.
A new approach to monitoring performance on the capital markets racetrack.
As High Frequency Trading (HFT) and algorithmic trading (algo) usage increase across asset classes and global markets, Rob Hodgkinson from First Derivatives looks at the issues for regulators, and proposes a practical solution to scrutinise HFT/algo behavior for adverse market impact and market abuse.
About First Derivatives plc
First Derivatives is a global technology provider with over 20 years of experience working with some of the world’s largest finance, technology, automotive, manufacturing and energy institutions. The Group’s Kx technology, incorporating the kdb+ time-series database, is a leader in high-performance, in-memory computing, streaming analytics and operational intelligence. Kx delivers the best possible performance and flexibility for high-volume, data-
intensive analytics, and applications across multiple industries. FD’s distinct competitive advantage derives from its unique combination of knowledge of financial markets and expertise in financial services technologies.
This coupled with the company’s blend of core technology, pool of highly-trained consultants, developer tools and its investment in recruitment and world -class in-house training sets it apart from the competition in helping clients make real-time decisions on vast quantities of streaming and historical data. The Group operates from 14 offices across Europe, North America and Asia Pacific and employs more than 2,400 people worldwide.
Kx technology is built on a proprietary software platform called kdb+. It is a time-series database system that has been independently verified to be the fastest at complex real-world financial analytics by the Securities Trading Analysis Center, a highly regarded third-party organization. As a vector-based technology, Kx has the ability to query very large scale datasets quickly and efficiently. Often described by programmers as “elegant,” kdb+ incorporates the ability to analyze streaming, real-time and historical data in one system, unlike any other competing product.
Our suite of products and solutions incorporate thousands of man-years’ worth of knowledge by Kx engineers who have been building large-scale enterprise systems at global corporations for over 20 years. Leveraging this knowledge base, and the ability of kdb+ to provide a high-performance data engine and data warehouse, distinguishes all of our offerings. The company also offer uniquely affordable “Near Shore” and back-office services to global institutions around the world, which allows customers to have expert support for all Kx software once implemented.