Thomson Reuters has made key enhancements to its data analytics platform, Velocity Analytics, to provide high-speed processing of real-time, streaming and historical data that the firm says will help EU and non-EU financial markets participants meet their MiFID II obligations.
The enhanced platform, which is now powered by Kx’s technology, enables a range of use cases such as best execution compliance, transaction cost analysis, quantitative and systematic trading. It will also support new multi-asset best execution and Systematic Internaliser determination capabilities from Thomson Reuters in 2018.
Squarepoint Capital, a global systematic investment manager, has significantly expanded its use of Kx technology for investment research, according to Kx Systems, a subsidiary of First Derivatives.
The firm is using Kdb+, Kx’s time-series database, which is used for trading and risk management platforms and Kx says that as faster large-memory servers are becoming standard, investment managers like Squarepoint are designing their systems to capitalise on the extra speed available when analysing the vast data sets that underpin their investment models.