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B2C2 Expands Its Use of KX's Analytical Software

Finance Magnates

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<p> B2C2, a cryptocurrency liquidity provider owned by Japan's <a href="https://www.financemagnates.com/tag/sbi/" target="_blank">SBI Holdings</a>, has expanded its partnership with <a href="https://www.financemagnates.com/tag/kx/" target="_blank">KX</a>, a provider of database and analytics engines, for more advanced trading analytics and offering expansion. </p><p class="MsoNormal">According to the press release, B2C2 will use high-performance and real-time analytics solutions provided by KX, including KX Dashboards, a visualization tool for databases and datasets. The new tool is expected to offer institutional clients, who are increasingly looking to invest in the cryptocurrency ecosystem, services and products similar to those provided by T1 investment banks in traditional finance.</p><p class="MsoNormal">KX's <a href="https://www.financemagnates.com/terms/a/analytics/" target="_blank" id="0cd41468-7088-4154-93a3-bf5c46f15957_4" class="terms__secondary-term">analytics</a> technology, based on its proprietary kdb+ solution, will allow B2CB to process enormous amounts of data in real-time. It is extremely important for customers to make important decisions in the shortest possible time.</p><p class="MsoNormal">kdb+ is a relational time series database (TSDB), commonly used in <a href="https://www.financemagnates.com/terms/h/high-frequency-trading-hft/" target="_blank" id="eb8678b0-4752-44cf-99a8-d0c757847ba7_1" class="terms__main-term">high-frequency trading (HFT</a>) for handling and analyzing billions of records in a short period of time. According to <a href="https://www.financemagnates.com/tag/b2c2/" target="_blank">B2C2 </a>representatives, this type of solution will work perfectly in the highly volatile and dynamic digital asset market.</p><p class="MsoNormal">"We are pleased to be working with KX, which supports B2C2 in delivering real-time data-driven trading insights and decisions to digital assets markets. KX is recognized and respected for its industry-leading technology across the world's major financial institutions and working with them aligns with our clients' and counterparties' capabilities," Nicola White, the CEO at B2C2, said.</p><p>B2C2 With New Offering for OTC Crypto Market</p><p class="MsoNormal">In October, the cryptocurrency market-maker announced the expansion of its current offering with the addition of electronic options trading for the over-the-counter (OTC) crypto market. The new options are currently offered through the Single Dealer Platform.</p><p class="MsoNormal">B2C2 has been linked to the institutional cryptocurrency market since 2015. Although the institutional industry took its first steps seven years ago, it is now highly developed, engaging the world's largest financial companies.</p><p class="MsoNormal">The company, which is headquartered in the UK, with offices in the United States and Japan, is expanding its operations in major markets like the US with the announcement of <a href="https://www.financemagnates.com/cryptocurrency/news/b2c2-launches-options-trading-for-otc-crypto-market/">Nicola White</a> as the new CEO in the US. </p> This article was written by Damian Chmiel at www.financemagnates.com.
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