Kx Announces ‘Growth via Partnership’ Strategy for Asia
Kx Systems, the leader in high-performance database and timeseries analysis, will be participating in a panel discussion on 19th November at TradeTech Asia entitled “Evaluating the latest developments in trading technology for implementation in your organisation.” The event is being held 17-20 November in Singapore.
Kx has announced increased commitment to the Asian market, which it perceives to be an area of huge potential growth for its ultra-high speed data solutions. Kx’s tier-one banking clients initially prompted the company to increase its presence in Asia and since then word has spread to other institutions of the power and speed that Kx technology brings to trading rooms. Chris Burke was recently appointed as Head of Kx Asia, based in Hong Kong, to provide the regional commitment and focus for Kx’s growth plans in Asia.
The Growth via Partnership strategy with First Derivatives and Symagon, which has proved so successful in North America and Europe for Kx, will continue to form an important foundation for business development across Asia. With a mix of vibrant financial centres and new trading venues emerging, as well as the cultural diversity and sheer size of the region, Kx feels that working with established local companies will also work well in China, Japan and throughout Asia.
Chris Burke, Head of Kx Asia, commented: “TradeTech Asia will be particularly interesting as a number of countries come out of the worst of the financial crisis and we see US and European institutions expanding their presence in the region. The many disparate data sources across the region are producing massive increases in trade and data volumes. These increasing volumes are creating significant technical challenges for some institutions, preventing the supply of reliable real-time P&L and risk management to the front office. A real-time capability is now increasingly out of reach for institutions relying on legacy technology: their existing systems simply cannot be scaled by throwing money at them. Efficiency is the key. Institutions not bound to legacy systems have a huge head start because they are able to move quickly and take advantage of the latest thinking in applications and new technology. Achieving a competitive advantage, increased efficiency and cost saving is proving a very welcome proposition in the current climate.”