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It was founded in 1993 by Janet Lustgarten and Arthur Whitney, the developer of the K programming language. In 2014, First Derivatives increased their ownership interest to 65 percent; in 2018, the company (now FD Technologies plc) announced plans to buy out the remaining shares of KX. KX has offices in New York City, London, England, Ireland, Germany, Australia, Singapore, Tokyo, and Hong Kong.
Overview
In 1993, Whitney and Lustgarten joined to commercialize the k programming platform Whitney had created after building the A+ language and other trading systems at Morgan Stanley. The purpose of the software was to access and explore large data volumes in financial services computer systems. Initially, Kx Systems had an exclusive contract with Swiss global financial services firm UBS to provide them with the K language. In 1998, the contract with UBS expired and the firm launched the kdb+ database. As part of kdb+, Whitney developed a new language named q that operated with k and uses English keywords.
In 1999, the company reached a marketing agreement with a Northern Ireland based firm, First Derivatives.; it opened an office in Manhattan in 2002, Germany and Japan in 2003, and Hong Kong in 2009. In 2014, First Derivatives purchased a 65 percent share of Kx Systems. Kx became a technology supplier to NASA's Frontier Development Lab. In July 2018, FD Technologies bought all remaining shares in KX Systems that it did not already hold; Whitney and Lustgarten then went on to found Shakti.
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