REG - FD Technologies PLC - KX partnering with Amazon Web Services

FD TechnologiesAnnouncement

18/05/2023 07:00

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RNS Number : 7726Z  FD Technologies PLC  18 May 2023

 

 

18 May 2023

FD Technologies plc

("FD Technologies" or the "Group")

 

KX partnering with Amazon Web Services

 

FD Technologies (AIM: FDP.L, Euronext Growth: FDP.I) announces that it is
partnering with Amazon Web Services (AWS) to launch kdb Insights as a fully
managed cloud-native service on Amazon FinSpace, AWS's data management and
analytics service for the financial services industry.

 

The launch of Amazon FinSpace with Managed kdb Insights benefits existing KX
customers by providing a path to quickly and easily migrate their kdb
workloads to the cloud and benefit from the Python-enabled capabilities it
provides. It will also be attractive to new customers who will benefit from
the performance and cost efficiencies KX is known for within a data management
system that is purpose-built for financial analytics and fully managed by AWS.

 

All customers will also benefit from an AWS managed service, which in addition
to security and stability provides round the clock monitoring and incident
management, delivering an accelerated path to meeting compliance requirements.

 

KX and AWS are working together on the go-to-market strategy for the service
and customers will require a KX license, with pricing based on usage. In
addition to its presence on Amazon FinSpace, kdb Insights is also generally
available for use across all industries on the AWS Marketplace.

 

Leading global investment banks are evaluating using Amazon FinSpace with
Managed kdb Insights as the Timehouse foundation for their trading and
quantitative research applications. By deploying it on Amazon Finspace, they
will accelerate the migration of their KX applications to AWS while also
modernizing  their computing foundation to provide greater agility and
performance, resulting in improved financial operational controls.

 

"With Managed kdb Insights, customers can now set up full scale kdb
applications for market data processing and analytics in just a few clicks,"
said Saman Michael Far, VP of Financial Services Technology at AWS. "We see
this as a turning point for our capital markets customers, where moving the
core of their market data analytics to the cloud will ensure their most
critical analytics are available when needed and provide them with a virtually
unlimited ability to experiment with their analysis and gain insights."

 

KX CEO Ashok Reddy said, "KX is trusted by the world's top banks and hedge
funds to manage billions of transactions and trillions of dollars every day.
With the launch of Amazon FinSpace with Managed kdb Insights, our customers
can experience unparalleled levels of performance versus price thanks to the
market-leading capabilities of our Data Timehouse technology and the
powerhouse that is AWS. This is a further collaboration between KX and a
leading cloud hyperscale partner and is expected to support our future growth
ambitions."

 

 

Enquiries

For further information please contact:

 

 FD Technologies plc                               +44(0)28 3025 2242

 Seamus Keating, Chief Executive Officer           www.fdtechnologies.com (http://www.firstderivatives.com)

 Ryan Preston, Chief Financial Officer

 Ian Mitchell, Head of Investor Relations

 Investec Bank plc (Nominated Adviser and Broker)  +44 (0) 20 7597 5970

 Carlton Nelson

 Virginia Bull

 Goodbody (Euronext Growth Adviser and Broker)     +353 1 667 0420

 David Kearney

 Don Harrington

 Nick Donovan

 J.P. Morgan Cazenove (Broker)                     +44 (0) 203 493 8000

 James A. Kelly

 Mose Adigun

 FTI Consulting LLP (Financial PR)                 +44 (0) 20 3727 1000

 Dwight Burden                                     FDtechnologies@fticonsulting.com

 Victoria Caton

 

About FD Technologies

FD Technologies is a group of data-driven businesses that unlock the value of
insight, hindsight and foresight to drive organisations forward. The Group
comprises KX, the leading technology for real-time continuous intelligence;
First Derivative, which provides technology-led services in capital markets;
and MRP, the only enterprise-class, predictive Accounts Based Marketing
solution. FD Technologies operates from 14 locations across Europe, North
America and Asia Pacific, and employs more than 3,100 people worldwide.

 

For further information, please visit www.fdtechnologies.com
(http://www.fdtechnologies.com) and www.kx.com (http://www.kx.com)

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