FX broker AXI enhances streaming analytics with KX Insights

Rick Steves

KX Insights provides the scale and speed needed to deliver efficient and time-sensitive data processing in real-time, natively in the cloud.

Retail and institutional forex broker Axi has partnered with KX to offer real-time streaming analytics to their users.

KX Insights is a cloud-based platform enabling the capture, analysis and visualisation of enormous datasets in real-time.

Retail and institutional traders will be offered advanced tools to analyze market data quotes, customer trades, and derived calculations in the cloud.

This is part of Axi’s ambitious growth plans, having also recently launched a new and customizable MAM/PAMM platform for managed accounts.

In regard to data analytics, Axi signed a global enterprise deal for KX Insights. The deal will strengthen Axi’s trading, operations, and risk management teams.

The solution will enhance trade execution and risk management capabilities while supporting the development of new products and services, as well as drive decision with its business intelligence reports and analytics.

Andy Churchill, Senior Vice President ANZ at KX said: “KX Insights offers industry-leading performance, speed and agility for data-driven business-critical decisions in a cloud-native architecture. With a robust, innovative product road map and scalable license model, it’s the ideal solution for a company such as Axi that aims to accelerate growth by leveraging the power of real-time data analytics and visualisations for actionable insights.”

Simon Turner, Chief Information Officer at Axi, commented: “We’re expanding as a business, intently focusing on how we can provide Edge to our clients by launching new products, features and services. We were reaching the limit on our previous KX environment so the opportunity to move to KX Insights, a cloud-native version, that will give us all the efficiency and cost benefits of the cloud while being totally scalable to our business is highly attractive.”

In 2015, Axi deployed the KX streaming analytics platform to generate key reports on real-time positions, perform risk analysis, and provide insights for the trading desks.

KX Insights provides the scale and speed needed to deliver efficient and time-sensitive data processing in real-time, natively in the cloud.

The solution, built on kdb+, will run on Azure, Axi’s chosen cloud platform, with Kubernetes support and access to storage tiers, including Azure Blob Storage.

Ealier this month, AXI launched a new managed account services platform that removes the dependency of MT4/5 accounts for the investors and protects the Fund Managers strategy from being copied illegally by investors.

The trading technology provider claims investors get 100% allocation accuracy in asset allocation and lot sizes down to 0.0000001 lots, previously not possible from traditional MAM/PAMM.

As to fee management, AXI’s product permits almost infinite flexibility so Fund Managers can administer different fee requirements of customers within a single Master account based on a) performance, b) management, c) subscription, d) upfront, d) penalty, or e) a combination based.

Both Fund Managers and Investors get an intuitive experience with enhanced visibility and transparency of accounting entries and associated reporting, including auto calculation and settlement of fees.

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