ADSS Taps KX to Accelerate Its Transformational Growth Strategy

Abu Dhabi-based ADSS has formed a partnership with KX, a leader in real-time data analytics, to accelerate its transformational growth strategy.

Fazzaco Hall of Fame 2022 to Make Debut Soon

To support its recently launched transformational growth strategy and offer its clients greater access to liquidity and a broader range of financial instruments, ADSS is making significant investments in partnering with top tier technology providers to develop proprietary data processes and multi-asset trading platforms.

KX was selected for its performance and scalability, interoperability with existing systems and programming languages in use across ADSS, such as Python, C++, Java and SQL, and its suitability for a range of critical use cases.

Chris Dale, ADSS' Co-Head Quantitative Trading, said:"We price more than 2,700 different instruments, which translates to roughly 1 billion market data ticks per day. To react quickly to unexpected market events, we need real-time analysis of vast amounts of both in-flight and historic data. KX enables us to make better-informed business decisions in real-time, improve customer service with both clients and business partners and be more data-driven across our entire business. We see KX as an important strategic partner for ADSS as we continue our transformation into a data-centric business."

Nikos Tsoskounoglou, ADSS' Co-Head Quantitative Trading, added:"Continually enhancing the quality of our data and its delivery speed allows us to leverage large amounts of data in real-time and is vital for accelerating our transformation into a more data-driven organization. The new ecosystem for data that we are building will support our internal processes and continue to enhance our agility in a rapidly changing environment. Through our partnership with KX, we are now harnessing data across the business more efficiently, providing our clients with a more seamless experience, superior pricing, products, and levels of customer service."