KX Systems
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KX is a privately owned software company that sells a time series database kdb+, used for financial modeling and data analysis, and its associated proprietary programming language q.[6][7]
 | A major contributor to this article appears to have a close connection with its subject. (October 2022) |
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| Kx Systems | |
| Company type | Private |
| Industry | Software & Tech Services |
| Founded | 1993 in Palo Alto, California |
| Founders |
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| Headquarters | , United States |
Number of locations | 14 offices[1] (2018) |
Area served | |
Key people | |
| Products | |
| Parent | FD Technologies plc |
| Website | kx |
It was founded in 1993 by Janet Lustgarten and Arthur Whitney,[8] the developer of the K programming language. In 2014, First Derivatives increased their ownership interest to 65 percent; in 2018, the company (now FD Technologies plc) announced plans to buy out the remaining shares of KX.[9] KX has offices in New York City, London, England, Ireland, Germany, Australia, Singapore, Tokyo, and Hong Kong.[1][10]
Overview
In 1993, Whitney and Lustgarten joined to commercialize the k programming platform Whitney had created after building the A+ language and other trading systems at Morgan Stanley.[7][11] The purpose of the software was to access and explore large data volumes in financial services computer systems.[12] Initially, Kx Systems had an exclusive contract with Swiss global financial services firm UBS to provide them with the K language. In 1998, the contract with UBS expired and the firm launched the kdb+ database. As part of kdb+, Whitney developed a new language named q that operated with k and uses English keywords.[13]
In 1999, the company reached a marketing agreement with a Northern Ireland based firm, First Derivatives.;[14] it opened an office in Manhattan in 2002,[15] Germany and Japan in 2003,[16] and Hong Kong in 2009.[17] In 2014, First Derivatives purchased a 65 percent share of Kx Systems.[18] Kx became a technology supplier to NASA's Frontier Development Lab.[19] In July 2018, FD Technologies bought all remaining shares in KX Systems that it did not already hold;[20] Whitney and Lustgarten then went on to found Shakti.[21][22]
References
External links
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