ICE taps KX for real-time analytics on data from ICE Consolidated Feed

Rick Steves

“By leveraging KX’s real-time analytics and ability to overlay complex models based on our data, we’re able to offer an enhanced solution for our customers that can match their needs as they manage risk and execute trading strategies.”

Intercontinental Exchange will leverage KX’s platform to provide real-time analytics on data from ICE’s Consolidated Feed and Consolidated History, which aggregates cross-asset content from over 600 global sources, including exchanges and over-the-counter venues.

Used by a range of banks, asset managers, hedge funds, and ISVs, the ICE Consolidated Feed provides a broad range of financial information across equities, derivatives, fixed income, foreign exchange, money markets, commodities, energy, and ETFs. The data from these markets can be provided in a variety of ways, including real-time or delayed, tick-by-tick, or conflated.

The partnership with KX addresses the challenges stemming from the rapidly increasing volume, speed, and complexity of market data. Financial firms have been struggling to manage and extract meaningful insights from their data quickly enough to drive impactful business decisions.

“One of the broadest global data offerings currently available”

Clients will be able to integrate data from ICE’s Consolidated Feed into KX’s analytics platform to run real-time analytics and deploy complex models in order to derive valuable insights from their data, enhancing their decision-making process in real-time, and ultimately, driving their business forward.

ICE and KX pointed to hedge funds and asset managers as clients that can easily benefit from leveraging KX analytics on ICE Consolidated Feed.

Hedge funds can apply algorithmic models on the consolidated data from ICE to optimize their trading strategies in real time based on predictive insights.

Asset managers can train models on market data to predict financial trends and align their portfolios accordingly. This union of data and technology enables more efficient risk management and decision-making.

“Data is the lifeblood of the financial services sector”

Maurisa Baumann, Head of Desktops and Feeds at ICE, said: “The ICE Consolidated Feed provides one of the broadest global data offerings currently available. By leveraging KX’s real-time analytics and ability to overlay complex models based on our data, we’re able to offer an enhanced solution for our customers that can match their needs as they manage risk and execute trading strategies.”

James Corcoran, Chief Growth Officer at KX, commented: “Data is the lifeblood of the financial services sector. Through this collaboration, our customers gain access to an extensive range of high-quality data that can allow them to extract deeper insights, train more accurate models, and ultimately make better decisions. We’re excited to be collaborating with ICE and look forward to developing more creative and innovative use cases to drive tangible business value.”

KX is a renowned data analytics company that caters to the financial markets, but also to sectors such as health sciences, semiconductor, telecommunications, and manufacturing industries. The firm operates from more than 15 offices across North America, Europe and Asia Pacific. At the heart of its technology is the kdb+ time series and vector database, independently benchmarked as the fastest on the market.

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