To increase its capability to combat market abuse, the Financial Services Authority (FSA) required a real-time intelligence system to trap insider trades and identify other illegal activities immediately. The need for real-time surveillance is on the rise as trading becomes more complex and electronic, involving huge volumes of daily transactions.
The solution, known as SABRE II, will integrate multiple technologies, with the Kx kdb+ database supplying a high-performance relational database able to support the FSA’s requirement of real-time intelligence on multi-terabytes of data.
The essence of what the FSA asked us to provide them is the ability to deliver market intelligence on volumes of data as quickly as possible, said Simon Asplen-Taylor, head of market and regulatory services at Detica. For us, the clear database choice was kdb+. The ability of kdb+ to handle analyses on terabytes of data at real-time speeds is unrivalled – it fit the FSA’s needs exactly.
Kdb+ combines a streaming event processor, a 64-bit in-memory and on-disk database, and an expressive development and analytics environment. Providing an end-to-end architecture for streaming, real-time and historical data enables kdb+ to deliver ultimate performance for high-volume, data-intensive analytics and applications, according to Kx.
