FD Technologies inks partnership with Amazon Web Services

18th May 2023 13:51

(Sharecast News) - FD Technologies announced a new partnership between its subsidiary KX and Amazon Web Services (AWS) on Thursday, to introduce 'kdb Insights' as a fully-managed cloud-native service on Amazon FinSpace.

The AIM-traded firm described Amazon FinSpace as AWS' data management and analytics service, specifically designed for the financial services industry.

It said the launch of Amazon FinSpace with managed kdb Insights would bring a number of benefits to existing customers of KX, offering a pathway for migrating their kdb workloads to the cloud.

Additionally, the board said new customers would be attracted to the platform as it combined the performance and cost efficiencies of KX with a purpose-built data management system tailored for financial analytics.

"KX is trusted by the world's top banks and hedge funds to manage billions of transactions and trillions of dollars every day," said KX chief executive officer Ashok Reddy.

"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."

At 1324 BST, shares in FD Technologies were up 3.25% at 1,844p.

Reporting by Josh White for Sharecast.com.