Latest news with #KX
Irish Times
17-07-2025
- Business
- Irish Times
FD Technologies to stop trading on Friday as court sanctions €626m sale
The last day of share trading in FD Technologies, the Newry-based data and analytics company, will be Friday, after Northern Ireland's high court rubber-stamped its £541.6 million (€626 million) sale to US private equity firm TA Associates. The structure of the deal, by way of a so-called scheme of arrangement, required sanctioning from the court after it was approved by FD Technologies shareholders at the end of June. FD Technologies said in a statement that it expects dealing on the stock to end on Friday afternoon in Dublin and London. The company is on track to be officially delisted next Tuesday. The company's remaining business is KX, which analyses large data sets in real time to help companies predict and respond to market conditions across the various business areas. READ MORE FD Technologies' board urged that shareholders support the TA Associates deal, saying that the operation may be hampered by 'uncertain public markets' if it needs to accelerate investment to capture opportunities in artificial intelligence (AI). The deal with TA Associates, first announced in May, follows a big restructuring at the Dublin-listed company last year. This led to the group selling its former core First Derivatives division to US software group EPAM in a £236.1 million transaction and the spin-off of another business, called MRP , into a merger. It subsequently returned £120 million to shareholders in January through a stock buyback deal.
Techday NZ
12-06-2025
- Business
- Techday NZ
KX & NVIDIA launch AI Banker Agent to boost global trading
KX has announced the general availability of its first production-grade agentic AI blueprint for global markets trading, built in collaboration with NVIDIA and named the AI Banker Agent. The AI Banker Agent is designed to assist financial institutions in responding to increased market volatility driven by trade tensions, inflation, and other global economic factors. By applying agentic AI technologies across capital markets, banks can accelerate their responses to events such as regime shifts, liquidity issues, and complex risk scenarios. KX and NVIDIA have developed a system that combines NVIDIA's suite of AI technologies—including NeMo, Nemotron, and NIM microservices—with KX's high-performance time series and vector database. This integration is intended to deliver workflow automation, real-time intelligence, and autonomous decision-making for financial institutions. The collaboration has also resulted in the launch of an AI Lab, where financial institutions can experiment with AI-driven workflows in a regulatory-compliant environment. This facility aims to help firms prototype and deploy new solutions that fit within the regulatory frameworks governing the financial sector. Platform capabilities The KX AI Banker Agent Blueprint packages domain-specific workflows, compliance-ready safeguards, and pre-tuned model logic, allowing organisations to adapt the system to their specific data, policies, and trading strategies. The software supports real-time, event-driven architectures and allows for the processing of large data volumes, which is essential for the rapid, reliable decision-making needed in live trading environments. Ashok Reddy, Chief Executive Officer at KX, highlighted the significance of this release, stating in full: "This is a critical moment for AI within capital markets, and the time is now to integrate a truly transformational AI strategy to navigate regime shifts, liquidity events and complex risk environments. We've entered the age of applied AI in capital markets—this is no longer theoretical. With the AI Banker Agent, we've made the AI Factory real. It's engineered for the speed, complexity, and regulatory rigor of global markets, giving banks a foundation to modernize faster and serve clients better." According to KX, the AI Banker Agent can enhance banks' market coverage, accelerate research capacity, and enable more personalised client service. This in turn can create new revenue opportunities, expand fee-based offerings, and support business growth. Industry perspective Malcolm deMayo, Global Vice President of Financial Services Industry at NVIDIA, commented on the broader impact of the solution, stating: "To thrive in today's competitive and volatile markets, Corporate Bankers, Private Bankers, and Wealth Managers are looking to provide clients with personalized advice in real time. The AI Banker Agent, powered by NVIDIA NIM microservices, NVIDIA NeMo, AI Q and KX harvests valuable insights from rich tabular and unstructured datasets and serves as an 'easy button' giving relationship managers a competitive edge." The system is being positioned as an assistant for research, a tool for relationship management, and a support for personalised advisor services. Through these functions, banks can scale their market research, improve client engagement, and expand advisory capabilities. Partner involvement Capgemini is among the technology partners helping financial institutions operationalise the AI Banker Agent. The company has already worked with KX and NVIDIA and sees opportunity for significant impact in the sector. Pierre-Olivier Bouée, Head of Financial Services for Europe, Capgemini, said: "Capital market leaders worldwide recognize the value of extracting insights at speed and see the potential to transform their trading operations. Capgemini's expertise in AI and decades of experience in financial services allows us to work as a true partner to financial institutions implementing the AI Banker Agent to drive real impact in their business." Experimentation and adoption The AI Lab created by KX and NVIDIA offers enterprises the means to experiment with AI-driven workflows. Financial institutions can use this space to accelerate prototyping and proof-of-concept projects in a setting designed to comply with regulatory requirements. According to KX, this lab will facilitate innovation, solution testing, and optimisation for financial organisations looking to enhance their AI capabilities. By harnessing real-time data and autonomous workflows, KX and its partners aim to support banks and other financial entities in adapting to the rapid changes characterising today's global trading environment.
Business Wire
11-06-2025
- Business
- Business Wire
KX Launches Its First Agentic AI Blueprint for Global Markets Trading Built With NVIDIA
NEW YORK & PARIS--(BUSINESS WIRE)-- KX, the leading high-performance analytical database for the AI era, today announced the general availability of its first production-grade Agentic AI Blueprint: the AI Banker Agent. Built with NVIDIA AI and specifically tailored for sell-side global markets banks, this collaboration delivers the first-of-its-kind agentic AI designed to transform how banks operate in fast-moving trading environments. "This is a critical moment for AI within capital markets, and the time is now to integrate a truly transformational AI strategy to navigate regime shifts, liquidity events and complex risk environments," said Ashok Reddy, CEO, KX. Banks are at an inflection point. As AI-native hedge funds and early adopters set new performance benchmarks, traditional institutions must act now or risk falling behind. The AI Banker Agent helps teams work faster, increase market coverage, and rapidly deliver highly personalized service. This unlocks new revenue opportunities, improves customer satisfaction, expands fee-based offerings, and drives growth in assets under management. The KX AI Banker Agent Blueprint combines NVIDIA's AI stack, including NVIDIA NeMo, NVIDIA Nemotron, and NVIDIA NIM microservices, as well as NVIDIA accelerated computing with KX's high-performance time series and vector database to deliver intelligent, real-time workflows. It delivers real-time intelligence and autonomous decision-making capabilities by packaging domain-specific workflows, compliance-ready safeguards, and pre-tuned model logic, giving firms a reliable foundation they can adapt to their own data, policies, and trading strategies. "This is a critical moment for AI within capital markets, and the time is now to integrate a truly transformational AI strategy to navigate regime shifts, liquidity events and complex risk environments," said Ashok Reddy, CEO, KX. "We've entered the age of applied AI in capital markets—this is no longer theoretical. With the AI Banker Agent, we've made the AI Factory real. It's engineered for the speed, complexity, and regulatory rigor of global markets, giving banks a foundation to modernize faster and serve clients better." From signal detection to dynamic risk analysis, KX powers the low-latency, event-driven architectures that agentic AI requires to operate effectively in live trading scenarios. The KX platform's ability to process massive data volumes in real-time, combined with its proven track record in financial services, provides the speed, scale, and reliability essential for supporting these sophisticated AI workflows. 'To thrive in today's competitive and volatile markets, Corporate Bankers, Private Bankers, and Wealth Managers are looking to provide clients with personalized advice in real time,' said Malcolm deMayo, Global Vice President of Financial Services Industry, NVIDIA. 'The AI Banker Agent, powered by NVIDIA NIM microservices, NVIDIA NeMo, AI Q and KX harvests valuable insights from rich tabular and unstructured datasets and serves as an 'easy button' giving relationship managers a competitive edge.' Banks can deploy the AI Banker Agent from KX to impact their business in the following ways: AI-Powered Research Assistant: Unlocks on-demand high-quality research at scale, enabling more complete market coverage with the same number of analysts producing better outcomes and managing risks in real time AI-Powered Relationship Manager: Transforms client engagement into a revenue driver through hyper responsive service and deeper personalization Personalized Portfolio Manager: Enables premium advisory services with continuous personalization, expanding fee-based models and growing AUM To ensure rapid market adoption and seamless implementation, leading strategic technology partners including Capgemini, are actively involved in operationalizing these blueprints across the banking sector. Their participation provides clients with a clear, tested path from innovation to production deployment, helping financial institutions realize the promise of AI Factories through trusted, experienced partners. 'Capital market leaders worldwide recognize the value of extracting insights at speed and see the potential to transform their trading operations,' said Pierre-Olivier Bouée, Head of Financial Services for Europe, Capgemini. 'Capgemini's expertise in AI and decades of experience in financial services allows us to work as a true partner to financial institutions implementing the AI Banker Agent to drive real impact in their business.' In addition to demonstrating the capabilities of the AI Banker Agent at NVIDIA's GTC Paris June 10-12, KX and NVIDIA have also launched a dedicated AI Lab for enterprises to conduct their own experimentation with AI-driven workflows. Participants will have the opportunity to accelerate prototyping and proof-of-concept development, empowering them to innovate, test and optimize their solutions in a real-world, regulatory-compliant environment. Interested parties are invited to register. About KX KX software powers the time-aware data-driven decisions that enable fast-moving companies to outpace competitors, realizing the full potential of their AI investments. The KX platform delivers transformational value by addressing data challenges related to completeness, timeliness and efficiency, ensuring companies understand change over time and can achieve faster, more accurate insights at any scale, cost-effectively. KX is essential to the operations of the world's top investment banks, aerospace and defense, high-tech manufacturing, healthcare and life sciences, automotive and fleet telematics organizations. The company has established offices and a robust customer base across North America, Europe, and Asia Pacific. 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Irish Times
03-06-2025
- Business
- Irish Times
FD Technologies revenue rises amid strategy shift
FD Technologies said revenue rose in the year to the end of February as the company saw significant strategic progress. The company said revenue for the year was £80.7 million (€95.6 million), a 2 per cent rise year on year. However, the company reported an operating loss of £23.4 million, widening from £15.6 million a year earlier, with an adjusted Earnings before interest, tax, depreciation and amortisation of £6.5 million. In October last year, the company agreed to sell its First Derivatives division to US software company EPAM for £230 million and divesting MRP, leaving leave FD Technologies to focus on KX, another arm of the group, as its sole continuing operation. READ MORE During the second half of the financial year, KX continued to perform well, delivering bookings growth for the fiscal year at the top end of it guidance range with £18 million annual contract value. That was a 33 per cent rise on the same period last year, when the figure was £13.5 million. Annual recurring revenue rose 13 per cent to £81.8 million during the year, a strategic milestone 'As these results demonstrate, momentum is accelerating in KX bookings and ARR growth, and the business is on course to deliver sustainable operating leverage over the long term, with cash EBITDA reaching breakeven in FY27,' chief executive Seamus Keating said. 'Following the completion of the disposal of First Derivative for an enterprise value of £230 million in December 2024, we returned £120 million to shareholders via a tender offer in January 2025, reflecting our commitment to maintaining an efficient balance sheet and maximising shareholder value.' The company has also agreed a takeover deal that will see US private equity fund TA pay £24.50 a share for FD Technologies, valuing the company at £570 million. 'TA has significant experience supporting in high-growth global software businesses, and we believe it is a suitable and appropriate partner for our employees, customers, and other stakeholders,' Mr Keating said. The company has a 'robust pipeline' for the coming financial year, and plans to invest in expanding its customer reach in core sectors, including the financial services sector, boosting innovation, and exploring new markets. 'With accelerating ARR growth and better-than-expected operating leverage, KX delivered a strong performance based on good ongoing execution,' Mr Keating said. 'Our focus for FY26 is to deliver efficient growth and demonstrate progress in delivering the significant operating leverage that is a feature of our business over the long term. We will prioritise our investments to accelerate deployment, time to value and ease of use, further simplifying our product model and enhancing sales productivity.' The company said it expects ARR growth of at least 20 per cent in the coming financial year.
Time Out
09-05-2025
- Entertainment
- Time Out
Six of the best free things to do in London this weekend
Last weekend was the first May bank holiday, so it's understandable that your bank account might be hurting right now. But fear not, because as London launches into summer there are plenty of fabulous and free happenings taking place across the city this Friday May 9 to Sunday May 11. Looking for inspo for things to do this weekend that won't break the bank? From the Tate's big birthday weekender, to a stunning hot air balloon festival, and independent shopping markets, we've rounded up five of the best free things you can do in the capital. Take a peak below. Celebrate Tate Modern's 25th birthday London's finest modern art gallery turns 25 this May, and it's celebrating a quarter of a century with a bang. Across one long weekend, the institution will mark its anniversary with a series of special one-off events and artworks, plus free tickets to its temporary exhibitions for 16 to 25-year-olds. Head to the Bankside gallery this weekend to see live tarot readings, big name DJ sets, old art gems resurrected (remember Louise Bourgeois' giant bronze spider?), special performances, workshops, talks and more. More info here. Tate Modern. May 9-12. Free (some events require booking in advance). Browse vinyl at the Independent Label Market Indie record labels, local brewers and DJs will come together at Kings Cross' Coal Drops Yard this Saturday for the May edition of the Independent Label Market. Music heads will be able to shop for exclusive and rare vinyl while sipping crafties and listening to live DJ sets, supplied by KX station Voices Radio. There will also be live music, spotlighting emerging artists from participating labels. Coal Drops Yard. Sat May 10. Free. See the swanky new Sainsbury Wing at the National Gallery The National Gallery's Sainsbury Wing has been closed for the past two years while it underwent a serious £85 million renovation. It finally reopens this weekend, newly kitted out with plenty of sleek, neutral limestone, vast expanses of glass, digital screens, new staircases, seating areas and more. The wing opens in conjunction with the 'Wonder of Art': a major rehang of around 1000 works in the gallery's collection of European painting. See our first look of the new wing here. National Gallery, WC2N 5DN. Opens Sat May 10. Free. Gawp at the Lord Mayor's Hot Air Balloon Regatta It's been six years since the last Lord Mayor's Hot Air Balloon Regatta was able to take place, thanks to Covid-19 and then years of bad weather, so this is one for the books. All being well, this Sunday May 11 50 hot air balloons will take off into the London skies. You'll be able to spot them sailing past some of the city's most iconic landmarks, from Buckingham Palace and the London Eye to the Tower of London and Tower Bridge. Sunday's forecast is looking like blue skies and low winds, so fingers crossed. More information here. Various locations. Sun May 11. Free. Catch the final weekend of the Museum of Transology Over the last 10 years, the Museum of Transology has been building up what is now the world's biggest collection of objects and stories relating to trans, non-binary and intersex lives. Its landmark exhibition, 'TRANSCESTRY: 10 years of the Museum of Transology' comes to a close this Sunday, so now is your last chance to check out the more than 1,000 artefacts that tell the the underrepresented and often forgotten stories from the trans community. More information here. Lethaby Gallery, N1C 4AA. Until Sun May 11. Free. North London community grocery store Nourished Communities is opening a new outpost in Walthamstow this weekend. To celebrate, they are giving away 100 free mini doughnuts and glasses of crémant, both supplied by St John, plus 25 litres of extra virgin olive oil. And if that's not enough to get you out of bed on Saturday morning, we don't know what is. It's first-come-first-served and doors open at 9.30am, so get there sharpish. 28 Saint James Street, E17 7PF. Sat May 10. Free.
