BUSINESS INTELLIGENCE, BIG DATA MANAGEMENT, DATA SCIENCE
Businesswire | May 04, 2023
Options Technology, the leading provider of capital markets services and market data, is pleased to announce a new partnership with KX, maker of kdb, the world’s fastest time series database and analytics engine, and a leader in Data Timehouse technology. Through this partnership, KX will utilize Options' extensive market data footprint to enhance the analytics platform, providing clients with real-time and historical insights. Options will provide KX with access to its vast repository of market data, including Equities, FX, Futures, Options, and Fixed Income data, as well as advanced market data analytics tools. Together, the two companies will create a cloud-based, market data analytics platform to deliver enhanced trading outcomes for clients.
"Our partnership with KX marks a momentous occasion for Options Technology and the financial services sector as a whole" said Danny Moore, President and CEO of Options Technology. "The integration of our market data and analytics solutions with KX's market-leading time series database and Data Timehouse technology will be a game-changer, providing clients with unparalleled insights and enabling them to make informed trading decisions in real-time."
KX's analytics engine gives users the ability to analyze and monitor large volumes of time series and relational data in real-time, enabling them to make faster and better-informed trading decisions. The addition of Options' data will further enhance the platform's capabilities, providing users with an even more comprehensive view of the market.
James Corcoran, Chief Growth Officer at KX added: “The partnership with Options Technology demonstrates our commitment to making it easier for firms to consume market data as a service, by providing a packaged offering so that users can get to value and insights straight away, without having to build and maintain their own infrastructure. It’s a powerful proposition for firms looking to give their data science and quant research teams a greater competitive edge.”
Today’s news comes as the latest in a series of exciting developments for Options, including its completion of SOC compliance for a 12th consecutive year, its deployment of OPRA in Frankfurt FR2 and its onshore trading expansion in Taiwan.
In 2019, Options received investment from Boston-based Private Equity Firm Abry Partners. This investment has enabled Options to accelerate its growth strategy and develop its technology platform while expanding its global reach in key financial centres.
KX's mission is to accelerate the speed of data and AI-driven business innovation enabling customers to transform into real-time, intelligent enterprises. Built for the most demanding data environments, our Data Timehouse software is trusted by the world’s top investment banks and hedge funds, and leading companies in the life and health sciences, semiconductor, telecommunications, and manufacturing industries.
At the heart of our technology is the kdb time series database and analytics engine, independently benchmarked as the fastest on the market. It can process and analyze time series and historical data at unmatched speed and scale, empowering developers, data scientists, and data engineers to build high-performance data-driven applications and turbo-charge their favorite analytics tools in the cloud, on-premise, or at the edge.
Ultimately, our technology enables the discovery of richer, actionable insights for faster decision making which drives competitive advantage and transformative growth for our customers.
Options Technology is the No. 1 provider of IT infrastructure to global Capital Markets firms, supporting their operations and ecosystems.
Founded in 1993, the firm began life as a hedge fund technology services provider. Today, the company provides high-performance managed trading infrastructure and cloud-enabled managed services to over 550 firms globally, providing an agile, scalable platform in an Investment Bank-grade Cybersecurity wrapper.
Options clients include the leading global investment banks, hedge funds, funds of funds, proprietary trading firms, market makers, broker/dealers, private equity houses, and exchanges. With offices in 8 key cities; New York, Toronto, Chicago, London, Belfast, Hong Kong, Singapore, and Auckland, Options are well placed to service its customers on-site and remotely.
In 2019, Options secured a significant growth investment from Abry Partners, a Boston-based sector-focused private equity firm. This investment has enabled Options to considerably accelerate its growth strategy to invest further in its technology platform and expand its reach in key financial centres globally.
Options has been named among the UK’s leading growth companies in the 2021, 2020, 2019, 2018, and 2017 Sunday Times HSBC International Track 200 league table.
BUSINESS INTELLIGENCE, BIG DATA MANAGEMENT, DATA ARCHITECTURE
StreamSets Inc. | March 08, 2023
On March 7, 2023, StreamSets, a subsidiary of Software AG, announced that it now supports the processing of change data capture (CDC) information from Oracle Data Guard deployments. This support for an additional data source offers a reliable and efficient way of developing data integration pipelines using CDC for production databases.
CDC captures and propagates database changes in near real-time, which reduces the time required to make new data available for analysis. This functionality is critical for rapidly updated data or replication scenarios with minimal latency. StreamSets enables data engineers to capture CDC information from Oracle Data Guard, efficiently replicating and synchronizing data to cloud destinations, such as AWS or Snowflake, for analytics and reporting.
Oracle Data Guard is also used as a disaster recovery solution, allowing data engineers to maintain a standby database in sync with the primary database in the event of primary database failure, which reduces the risk of data loss and recovery time, particularly for critical business systems. StreamSets users can leverage this new capability to replicate and synchronize data efficiently, ensuring high availability in the event of failures, a crucial consideration when constructing CDC pipelines for production databases. In addition, these pipelines can be utilized with modern data platforms such as Snowflake, allowing for streamlined reporting and enabling data-driven decision-making.
StreamSets COO Products Dima Spivak commented, "Keeping up with the fast-paced demands of today's data-driven world requires real agility." He further emphasized, "Organizations must be able to access, replicate, and synchronize their data securely and efficiently. This latest enhancement to our platform makes that easier than ever before."
(Source – PR Web)
StreamSets, a subsidiary of Software AG, simplifies data integration in hybrid and multi-cloud environments to meet the growing demand for business data. The platform enables data teams to access data while retaining control, empowering enterprises to make data-driven decisions. StreamSets delivers reliable and repeatable pipelines that provide analytics-ready data for faster real-time decision-making while also reducing the costs and risks associated with data flow within an organization. The platform has gained the trust of the world's largest companies, powering millions of data pipelines for modern analytics, smart applications, AI/ML and hybrid integration.
BUSINESS INTELLIGENCE, BIG DATA MANAGEMENT, DATA SCIENCE
Businesswire | April 03, 2023
Dremio, the open and easy data lakehouse company, and Domo, a data experience platform innovator, announced a new partnership to expand access to critical data for better decision-making. Through a native data integration with Domo Cloud Amplifier, joint customers can easily connect to Domo to analyze data directly on the data lakehouse. Cloud Amplifier extends the capabilities of the data lakehouse and gives more data users access to critical data to gain insights and make better data-driven decisions.
"We are thrilled to work with Domo to bring our joint customers the best of both worlds," said Roger Frey, vice president of Alliances at Dremio. "With this new integration, Domo users can take full advantage of Dremio's data lakehouse capabilities, including fast and efficient querying, powerful data transformation and more."
The new Domo integration with Dremio will provide joint users with faster and more efficient data analysis capabilities. Customers can now query Dremio data sources and combine them with other data sources from across the organization, gaining a holistic view of their business performance.
“Domo’s mission is to put data to work for everyone so they can multiply their impact on the business. With our new native integration with Dremio, we're providing our joint customers with access to even more data sources and capabilities, with the speed, scale and security needed to drive business forward," said Matthew Payne, vice president of Engineering at Domo.
Dremio is the easy and open data lakehouse, providing self-service analytics with data warehouse functionality and data lake flexibility across all of your data. Use Dremio's lightning-fast SQL query service and any other processing engine on the same data. Dremio increases agility with a revolutionary data-as-code approach that enables Git-like data experimentation, version control, and governance. In addition, Dremio eliminates data silos by enabling queries across data lakes, databases, and data warehouses, and by simplifying ingestion into the lakehouse. Dremio's fully managed service helps organizations get started with analytics in minutes, and automatically optimizes data for every workload. As the original creator of Apache Arrow and committed to Arrow and Iceberg’s community-driven standards, Dremio is on a mission to reinvent SQL for data lakes and meet customers where they are on their lakehouse journey.
Hundreds of global enterprises like JPMorgan Chase, Microsoft, Regeneron, and Allianz Global Investors use Dremio to deliver self-service analytics on the data lakehouse. Founded in 2015, Dremio is headquartered in Santa Clara. CNBC recognized Dremio as a Top Startup for the Enterprise and Deloitte named Dremio to its 2022 Technology Fast 500.