Fintech Company Performance Improvement with KX

This case study details the experience of a US fintech company that significantly improved its performance and reduced costs by adopting KX's kdb+ database solution. Established in 2016, the company aimed to set an industry standard for foreign exchange transaction cost analysis (FX TCA). After being acquired in 2018, it integrated its fintech solution with the parent company's analytics to create a multi-asset TCA platform. The CTO initially sought a manageable and cost-effective database but faced challenges in finding a suitable option that met the company's needs for flexibility, interoperability, and performance. After evaluating various databases over three years, the CTO discovered that KX not only met their requirements but also reduced costs by 75% by enabling the use of cheaper storage options like AWS S3. The case study outlines the benefits of KX, including quick installation, interoperability with popular programming languages, and the ability to execute complex queries efficiently.