Partner Article

DEVnet releases open source version of its kdb+ building blocks

Frankfurt (21 May 2014) – DEVnet, a leading technology services and solutions consultancy in financial trading and risk management, has announced that it is releasing an open source version of its proprietary suite of building blocks for Kx Systems’ high performance database kdb+. The move will make it easier for firms to develop applications built on kdb+, enabling them to be deployed more quickly and reducing the total cost of ownership.

DEVnet, a strategic partner of the Palo Alto, Ca.-based software company Kx Systems, has been developing these software components over several years and has already deployed them reliably in trading environments across Europe, North America, Asia and Australia.

Kdb+ is used widely in the financial services sector for applications such as automated trading monitoring, pre-trade analysis and algorithmic trading analytics engines. More recently, its high-performance database has been tapped by other sectors including utilities and pharmaceuticals.

“We have been solving companies’ complex business requirements by helping them build applications on kdb+ for many years, and we recognized the value of making this knowledge open source,” said Robin Mess, Director of Sales at DEVnet. “With this move, we are making it easier for firms to leverage the strength of the kdb+ core technology to support their businesses.”

Janet Lustgarten, CEO of Kx Systems added, “We are delighted our partner has selected to share this with the community. Our community efforts will work best if very experienced Kx technologists like DEVnet share some of the fantastic results they have obtained over the years.”

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About DEVnet

DEVnet designs, delivers and operates solutions in trading and risk management for leading banks, insurance companies and energy trading firms. Since the company’s inception in 1998 DEVnet’s goal has been to leverage technology to enable corporations to operate in complex markets quickly and efficiently to build competitive advantage.

About Kx Systems

Kx Systems offers a unified approach to real-time and historical data analysis with its high-performance kdb+ database platform. Kdb+ provides a portable, expressive query and programming language, q, to analyze and store streaming events, manipulate in-memory and on-disk databases, and build distributed, low-latency applications. The company’s focus is on delivering the best performance and flexibility for high-volume, data-intensive analytics and applications.

This was posted in Bdaily's Members' News section by Kx Systems .