As a result of the long-term partnership, KCx has access to a state-of-the-art front-office execution equity platform. This platform streamlines operations and offers new functionality by enabling customers to monitor and control KCx's sophisticated execution flow through a single interface. The new system connects its worldwide stocks trading ecosystem with a new sequencer-based technical architecture, building on KCx's cutting edge algorithmic trading capabilities.

With the completion of the first phase of a larger innovation initiative, KCx is now well-positioned to meet the evolving needs of its diverse client base and achieve ambitious growth goals in market share. The firm's current trading technology across asset classes will be enhanced by custom, highly scalable front-office systems built by the company.

"At KCx, we pride ourselves on the quality of our execution that allows our clients to seize opportunities in challenging markets," stated Anvar Karimson, Chief Technology Officer of Kepler Cheuvreux. As part of phase 1, we sought to create a new system that matched our clients' complexity and enabled them to use our services in novel and exciting ways, all while ensuring they could make the most of our algorithms. We are bringing our vision of a front office equities system that is resilient, high-performing, and capable of scaling and adapting to meet the ever-changing demands of institutions to life in close collaboration with Adaptive.

The new system was designed and developed in close collaboration with KCx, utilizing Adaptive's unique development technology Hydra, which greatly expedites and streamlines the construction of intricate real-time trading systems.

"Delivering a high-performance, resilient trading system on a global scale in a short timescale for a leading broker is a significant achievement," stated Matt Barrett, CEO of Adaptive. We are excited to work with KCx to develop an event-driven equities trading system from the ground up, utilizing their vast technical knowledge, cutting-edge algorithms, and Hydra technology. The design of Hydra is perfect for the project and provides the company with solid groundwork to expand into new asset classes, clientele, and trade specializations.

A hybrid tech stack that may operate on-site or, in the future, in the cloud is the foundation upon which the new event-driven trading system is being created. Remote functional testing is made possible by the system's hybrid development, which makes use of the Amazon Web Services, Inc. (AWS) cloud to guarantee that the system will operate up to client expectations when it launches.

KCx's Global Head of Execution Services and Trading, Chris McConville, stated: "We are thrilled to collaborate with Adaptive to develop our NextGen execution platform. Upgrades to almost every component of our execution infrastructure, including order management systems (OMS), transaction cost analysis (TCA), portfolio analysis, allocation, booking, and settlement procedures, as well as algo monitoring tools and execution management systems (EMS), are part of this massive project.All asset classes are covered by the comprehensive record of events provided by the fully sequenced system. Specifically tailored to each client's specific requirements and preferences, we are assured of our capacity for creativity and quick thinking.