DGAP-News: Kensho Chooses NASDAQ OMX FinQloud to Build Their Professional-Grade Analytics Platform
(firmenpresse) - The NASDAQ OMX Group, Inc.
12.11.2013 17:00
---------------------------------------------------------------------------
Bringing User-Friendly Analytics to the Financial Services Industry With the
Power of the Cloud
NEW YORK, 2013-11-12 17:00 CET (GLOBE NEWSWIRE) --
Kensh?, a provider of next-generation data analytics for investment managers
and research analysts, announced today that they will be the first
professional-grade analytics platform built completely on NASDAQ OMX FinQloud,
a cloud computing platform designed exclusively for the financial services
sector and powered by Amazon Web Services (AWS). Kensh? is building tools to
enable every financial professional - not just quantitative analyst,
programmers and data scientists at the largest institutions - to ask and answer
hard questions about global events and their effects on securities prices.
Kensh? allows clients to compute massive data sets in real-time and achieve
split second investment analysis through sophisticated distributed computing
environments and ground-breaking visualizations. FinQloud provides the cost
efficiency, scalability, and capabilities that are essential for Kensh?'s
next-generation data analytics. Using Kensh?'s intuitive tools, clients can
stress-test portfolios, explore and test investment ideas, and discover
persistent pricing anomalies without relying on complex statistical modeling
languages or expensive quantitative finance resources. Running on FinQloud,
Kensh? can instantly bring supercomputing to finance professionals in small and
large firms alike so they can benefit from capabilities that were previously
available to only a few banks and hedge funds.
'Consumer technology companies have put enormous power in the hands of all of
us, and we at Kensh? believe it's time to bring that power to the financial
workplace. Kensh?'s statistical computing and financial risk analysis
applications are providing the next generation terminal in the cloud,' said
Daniel Nadler, Co-Founder and CEO of Kensh?. 'We are thrilled to explore this
strategic partnership with NASDAQ OMX FinQloud and to leverage their leadership
position in global markets.'
'FinQloud offers a platform for innovation to create dramatically better tools,
without the overhead of massive infrastructure investment,' said Julia Sears,
Associate Vice President of FinQloud at NASDAQ OMX. 'We are pleased to host
Kensh? as our relationship enables the FinQloud ecosystem to serve as a
one-stop financial technology infrastructure destination where those who build
systems have access to everything they need.'
Kensh?'s cloud computing technologies are currently used by financial
professionals at dozens of other leading institutions representing
bulge-bracket banks and major buy-side companies. Kensh? currently has over
3,000 users from many of the largest institutions on Wall Street using its
pre-beta tools, and launched its first professional product on November 1st,
2013. Kensh?, powered by FinQloud, will continue to introduce new ways to bring
Silicon Valley to Wall Street with premier West Coast engineers whose expertise
will disrupt capital markets analytics technology.
About Kensh?:
Kensh? combines high-speed parallelized algorithms, distributed computing and
advanced visualization to create a new class of analytics tools for capital
markets. Addressing the three biggest challenges surrounding financial analysis
on Wall Street today--speed, scale, and automation-- Kensh?'s statistical
computing and financial risk analysis applications are providing the next
generation analytics terminal in the cloud, and every financial professional
with capabilities previously available only to a few elite hedge funds and
bulge-bracket quantitative analysts.
Founded in the spring of 2013 out of MIT, Harvard, and Stanford, Kensh?'s
senior team members come from veteran positions at Google, Apple, Goldman
Sachs, Credit Suisse, and the United States Federal Reserve.
We are a diverse and spirited group of engineers, scientists, and financial
professionals who are accomplished analytical thinkers and passionate problem
solvers. Together, our multi-talented team includes PhD physicists,
International Math Olympiad finalists, PhD economists, ex-Googlers, the author
of Quantitative Finance for Physicists, a member of the original Apple iPhone
operating system development team, and one of the youngest ever entrants to
Harvard College (age 15).
We are proud of individual accomplishments, as well as the collaborative
environment we've built, and what we're capable of as a team.
About FinQloud:
NASDAQ OMX FinQloud, powered by Amazon Web Services, is a cloud computing
platform designed exclusively for the financial services sector. FinQloud
offers a suite of storage and compute services, including R3 which combines AWS
cloud computing expertise with enhanced security from NASDAQ OMX to provide
cost-effective and efficient management, storage and processing of financial
data. FinQloud helps firms significantly reduce the operational costs and
complexities associated with data and infrastructure management - enabling more
effective deployment of scarce resources.
A product of NASDAQ OMX's unique financial technology domain expertise and
Amazon's flexible and cost-effective cloud infrastructure, R3 enables financial
market participants to benefit from the economic and performance advantages of
cloud computing, in a manner designed to help firms comply with regulatory
requirements. Flexible, reliable and highly scalable, FinQloud is fully-managed
and designed to immediately help firms reduce their technology burden, and
refocus resources on revenue driving activities, even as data volumes and
regulatory initiatives continually rise. To learn more visit
www.nasdaqomx.com/FinQloud or contact FinQloud(at)nasdaqomx.com
About NASDAQ OMX:
The inventor of the electronic exchange, The NASDAQ OMX Group, Inc., fuels
economies and provides transformative technologies for the entire lifecycle of
a trade - from risk management to trade to surveillance to clearing. In the
U.S. and Europe, we own and operate 26 markets, 3 clearinghouses and 5 central
securities depositories supporting equities, options, fixed income,
derivatives, commodities, futures and structured products. Able to process more
than 1 million messages per second at sub-40 microsecond speeds with 99.99%
uptime, our technology drives more than 70 marketplaces in 50 developed and
emerging countries into the future, powering 1 in 10 of the world's securities
transactions. Our award-winning data products and worldwide indexes are the
benchmarks in the financial industry. Home to approximately 3,400 listed
companies worth $6 trillion in market cap whose innovations shape our world, we
give the ideas of tomorrow access to capital today. Welcome to where the world
takes a big leap forward, daily. Welcome to the NASDAQ OMX Century. To learn
more, visit nasdaqomx.com. Follow us on Facebook
(http://www.facebook.com/NASDAQ) and Twitter
(http://www.twitter.com/nasdaqomx). (Symbol: NDAQ and member of S&P 500)
Cautionary Note Regarding Forward-Looking Statements
The matters described herein contain forward-looking statements that are made
under the Safe Harbor provisions of the Private Securities Litigation Reform
Act of 1995. These statements include, but are not limited to, statements about
FinQloud and NASDAQ OMX's other products and offerings. We caution that these
statements are not guarantees of future performance. Actual results may differ
materially from those expressed or implied in the forward-looking statements.
Forward-looking statements involve a number of risks, uncertainties or other
factors beyond NASDAQ OMX's control. These factors include, but are not limited
to factors detailed in NASDAQ OMX's annual report on Form 10-K, and periodic
reports filed with the U.S. Securities and Exchange Commission. We undertake no
obligation to release any revisions to any forward-looking statements.
NDAQG
CONTACT: Kensho Media Contact:
Ian Brady
(857) 600-2650
press(at)kensho.com
NASDAQ OMX Media Contact:
Robert Madden
+1 (646) 441-5045 (office)
+1 (347) 740-0191 (mobile)
Robert.Madden(at)NASDAQOMX.com
News Source: NASDAQ OMX
12.11.2013 Dissemination of a Corporate News, transmitted by DGAP -
a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------------
Language: English
Company: The NASDAQ OMX Group, Inc.
United States
Phone:
Fax:
E-mail:
Internet:
ISIN: US6311031081
WKN:
End of Announcement DGAP News-Service
---------------------------------------------------------------------------
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 12.11.2013 - 17:00 Uhr
Sprache: Deutsch
News-ID 315516
Anzahl Zeichen: 6001
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 270 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: Kensho Chooses NASDAQ OMX FinQloud to Build Their Professional-Grade Analytics Platform"
steht unter der journalistisch-redaktionellen Verantwortung von
The NASDAQ OMX Group, Inc. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
