Intercontinental Exchange, a leading global provider of data, technology, and market infrastructure, and KX, maker of kdb+, an industry-trusted Data Timehouse™ and the KDB.AI vector database, announced an agreement to leverage KX’s platform to provide real-time analytics on data from ICE’s Consolidated Feed and Consolidated History.
The rapidly increasing volume, speed, and complexity of market data presents significant challenges for financial firms struggling to manage and extract meaningful insights from their data quickly enough to drive impactful business decisions. The alliance with KX directly addresses these challenges.
By integrating data from ICE’s Consolidated Feed – which aggregates cross-asset content from over 600 global sources, including exchanges and over-the-counter venues – into KX’s analytics platform, mutual clients can run real-time analytics and deploy complex models. This can empower them to derive valuable insights from their data, enhancing their decision-making process in real time, and ultimately, driving their business forward.
For example, by applying algorithmic models on the consolidated data from ICE, hedge funds can optimize their trading strategies in real time based on predictive insights. Similarly, 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.
“The ICE Consolidated Feed provides one of the broadest global data offerings currently available,” said Maurisa Baumann, Head of Desktops and Feeds at ICE. “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.”
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.
“Data is the lifeblood of the financial services sector,” said James Corcoran, Chief Growth Officer at KX. “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.”
For more information about the ICE Consolidated Feed, please visit: https://www.theice.com/market-data/connectivity-and-feeds/consolidated-feed.
Source: ICE
