ADSS taps KX to better automate and standardize risk management of 2,700 CFDs

Rick Steves

“We price more than 2,700 different instruments, which translates to roughly 1 billion market data ticks per day. To react quickly to unexpected market events, we need real-time analysis of vast amounts of both in-flight and historic data.”

ADSS has partnered with real-time analytics company KX to incorporate its benchmarked times series database, kdb+. The integration has enabled ADSS to better automate and standardize risk management capabilities, reducing margins of error while enhancing execution speeds.

As a result, the Abu Dhabi and London-based financial services firm – and one of the biggest CFD trading platforms in the Middle East – is increasing operational efficiency as it rolls out its transformational growth strategy and offers clients greater access to liquidity and a broader range of financial instruments.

Chris Dale, Co-Head Quantitative Trading at ADSS, said: “We price more than 2,700 different instruments, which translates to roughly 1 billion market data ticks per day. To react quickly to unexpected market events, we need real-time analysis of vast amounts of both in-flight and historic data. KX enables us to make better-informed business decisions in real-time, improve customer service with both clients and business partners and be more data-driven across our entire business. We see KX as an important strategic partner for ADSS as we continue our transformation into a data-centric business.”

Financial markets operate in microseconds

ADSS is leveraging KX to combine both real-time streaming and historic data at speed and scale for richer actionable intelligence and critical split-second decision-making.

KX also boasts powerful visualization and dashboard capabilities that allows ADSS to handle large amounts of data without sacrificing the level of real-time high-quality insights required by financial services firms.

Nikos Tsoskounoglou, Co-Head Quantitative Trading at ADSS, added: “Continually enhancing the quality of our data and its delivery speed allows us to leverage large amounts of data in real-time and is vital for accelerating our transformation into a more data-driven organization. The new ecosystem for data that we are building will support our internal processes and continue to enhance our agility in a rapidly changing environment. Through our partnership with KX, we are now harnessing data across the business more efficiently, providing our clients with a more seamless experience, superior pricing, products, and levels of customer service.”

Rich Kiel, Global Head of FX Solutions at KX, commented: “Financial markets operate in microseconds, which is why faster access to richer data and insights is becoming a critical requirement for firms across the sector. We’re delighted to be further strengthening our long-standing relationship with ADSS by supporting its transformational growth strategy, helping it democratize access to data and insights across the business, and ultimately deliver even greater value for customers.”

ADSS is regulated by the Securities and Commodities Authority of the UAE, and the Financial Conduct Authority (FCA) in the UK. The brokerage firm offers access to its proprietary multi-asset trading technology, liquidity and instruments.

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