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The deal will strengthen Axi’s trading, operations and risk management teams by enabling access to real-time business intelligence reports and analytics in the cloud to drive decisions. It will also enhance trade execution and risk management capabilities while supporting the development of new products and services.
The move to KX Insights builds on an already successful relationship between the two companies. In 2015 Axi deployed the KX streaming analytics platform to generate key reports on real-time positions, perform risk analysis, and provide insights for the trading desks at a reduced total cost of ownership. Now, as Axi embarks on an ambitious growth plan, KX Insights will provide the scale and speed needed to deliver efficient and time sensitive data processing in real-time, natively in the cloud.
Andy Churchill, Senior Vice President ANZ, KX said: “KX Insights offers industry-leading performance, speed and agility for data-driven business-critical decisions in a cloud-native architecture. With a robust, innovative product road map and scalable license model, it’s the ideal solution for a company such as Axi that aims to accelerate growth by leveraging the power of real-time data analytics and visualizations for actionable insights.”
Simon Turner, Chief Information Officer, Axi said: “We’re expanding as a business, intently focusing on how we can provide Edge to our clients by launching new products, features and services. We were reaching the limit on our previous KX environment so the opportunity to move to KX Insights, a cloud-native version, that will give us all the efficiency and cost benefits of the cloud while being totally scalable to our business is highly attractive.”