Simon Garland, chief strategist, Kx
"This is an important step forward, especially in the face of ever-growing data volumes."
24 September - Kx Systems, the provider of database and timeseries analysis, has announced the release of kdb+ v3.0. Features of the new version include improved processing speeds when running on Intel's recent processors, support for WebSockets, GUIDs/UUIDs (unique identifiers, which facilitate the design of distributed systems) and simplified storage of records.
The growing volumes of derivatives and trading volumes in FX and equity markets, as well as regulatory requirements, all result in institutions having to store and analyse vast quantities of data. Kx chief strategist, Simon Garland, explains: "This enhancement in v3.0 simplifies the design and implementation of large systems which have to handle more than a trillion records, allowing for a more elegant architecture."
Garland continues: "Managing multiple servers across different countries and continents can be a challenge and requires some complex programming. UUIDs make this much more straightforward, as individual records can be uniquely identified; combined with the speed enhancements in v3.0 and ease of handling hundreds of billions of records, more efficient systems can be designed. This is an important step forward, especially in the face of ever-growing data volumes."
Another new feature in kdb+ v3.0 is the introduction of support for WebSockets, which allow for a direct, bi-directional, full-duplex connection between a browser and an application. This is a more efficient approach than HTTP/AJAX, offering greater scalability and faster processing. It is useful for high-performance browser-based applications, for example applications visualising real-time data.
Daryan Dehghanpisheh, global director, Financial Services Team at Intel, says: "The increased complexity of the markets and continued race towards automation, across more asset classes and venues, mean that the enormous growth of data will continue. The new version of kdb+ running on the latest Intel processors, such as the Intel Xeon Processor™ server platforms - which are optimized to support AVX instructions, to further increase overall performance - provides market participants and technologists with new capabilities, levels of performance and flexibility. The result is a powerful tool in the hunt for Alpha, while ensuring maximum stability and reliability."