Options Technology Partners with KX to Develop Market Data Analytics Platform

The leading capital markets services and data provider Options Technology announced a new partnership with KX, an industry leader in real-time data analytics. Working together, the two firms will develop a cloud-based market data analytics platform, delivering improved trading outcomes for clients.

Under the collaboration, KX will leverage Options' broad market data coverage to enhance its analytics platform, resulting in real-time and historical insights for clients. Options will grant KX access to its vast market data repository, which includes Equities, FX, Futures, Options, and Fixed Income data, as well as advanced analytics tools for market data.

KX's analytics engine empowers users to analyze and track significant volumes of time series and relational data in real-time, enabling them to make faster and better-informed trading decisions. By integrating Options' data into the platform, it further bolsters the platform's capabilities, granting users a more comprehensive view of the market and enhancing their ability to trade effectively.

Danny Moore, President and CEO of Options Technology, said: "Our partnership with KX marks a momentous occasion for Options Technology and the financial services sector as a whole. 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."

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."

In March, Options Technology entered into a new cooperation with proprietary stock trading company Trade The Pool​, which has accelerated its growing portfolio of market data services and reinforced its integrated cloud offering. Earlier that month, the company also announced the extension of its partnership with Digital Realty​, a leading global provider of carrier-neutral data centre, colocation, and interconnection solutions to offer its Singapore-based clients suite of managed capital markets services.