HONG KONG – 30 May, 2007 - Sybase, Inc. (NYSE: SY), a leading provider of enterprise infrastructure and mobile software, has announced that Hong Kong equity broker KGI Asia Limited, is adopting Sybase IQ as its enterprise data warehouse platform to apply sophisticated business intelligence analytics to its operations and to generate high-value information in support of new services.
KGI Asia Limited is one of Hong Kong's largest equity brokers by market share and one of the ten largest futures brokers with aggregate shareholders' equity of over US$60 million.
"Processing securities, futures and option transactions is at the heart of our business but, as market operations have become increasingly automated, basic commissions have fallen," said Andrew Wu, senior vice president, KGI Asia Limited. "To maintain our growth it was important that we built on our transaction processing foundation to provide both external and internal clients with value-added information that enhanced their trading and investment strategies."
KGI Asia Limited selected Sybase IQ based on the features it provided and on its performance, which matched their service requirements. KGI adopted a two-phased approach to the deployment of business analytics within its operations.
During phase one it engaged Sybase Professional Services to create a data warehouse platform and shortened deployment time, based on Sybase IQ running on Sun® Solaris, to offload operational and statutory reporting from its core transactional system.
"The data warehouse supports daily statutory reporting requirements for all five of our business units: brokerage, proprietary trading, equity derivatives, fixed income and investment banking," said Harris Lee, vice president, KGI Asia Limited.
"When we surveyed the field, Sybase IQ stood out because of its excellent performance, reporting and ad-hoc query characteristics. Data compression was also a significant factor since we are planning to off-load past years' transaction records from the production system into the data warehouse in order to comply with the seven year data retention regulations," said Lee.
Having previously used its core transaction system to generate daily reports overnight - a process that used to take four hours - KGI's Sybase IQ data warehouse delivers new reports in half the time. Ad hoc query performance improvement is even more impressive - down from 15 minutes to 30 seconds.
"As businesses such as KGI Asia Limited manage the rapid changes needed to make effective decisions that address the needs of their business and customers, they are finding that they need innovative tools like Sybase IQ to distil mounting data into useful business intelligence in order to meet compliance standards and to successfully compete," said Chase Hacker, Director, Business Intelligence Asia Pacific, Sybase, Inc.
"Sybase IQ's fast query response times have been a big factor in improving the perceived quality of service that IT provides to the business. We are now ready to take business support to the next level by using Sybase IQ as the foundation for a new generation of IT-enabled services for our internal and external customers," said Harris Lee, vice president, KGI Asia Limited.
Andrew Wu, KGI Asia Limited also points out that the latest version of Sybase IQ uses standard SQL syntax, enabling KGI Asia's Limited developers to quickly become productive on the business intelligence platform because there is now no learning curve. This increased productivity is being put to good use as the firm develops new applications to support targeted sales promotions, analysis-based decisions for proprietary trading, and its new wealth management business unit. KGI can leverage its existing resources and employee talent and take advantage of the quick time-to-market.
About KGI
KGI Asia Ltd is one of Hong Kong's largest equity brokers by market share and one of the ten largest futures brokers. It commenced its operations in early 1997 and acquired Seapower Securities and Seapower Futures in 1999. KGI operates a full-service brokerage firm for retail and institutional clients, aiming to provide customers with one-stop financial service. With over 40,000 clients and an aggregate shareholders' equity of over US$60 million, KGI Asia Ltd has built a strong presence in Hong Kong's securities market and as a subsidiary of the well-funded KGI Group, KGI Asia Ltd offers its clients a comprehensive range of products and services. The KGI Group now has offices in major Asian countries including Hong Kong, Korea, Taiwan and Thailand, with a total of four branches in Hong Kong. For more information go to: http://www.kgieworld.com/kgi_site/Main.asp
About Sybase IQ
Sybase IQ is an analytics server with a patented storage and management system designed to accelerate response times for business intelligence, reporting and data warehouse users. When it comes to ad hoc queries, Sybase IQ delivers answers up to 100 times faster than traditional databases. Since data is compressed by up to 70 per cent when being stored by Sybase IQ, it reduces operating costs while effortlessly scaling to handle hundreds of variable data sources, thousands of users and unlimited data. Sybase IQ's leading price-performance ratios are confirmed in numerous TPC-H and independent benchmarks. View the latest independent benchmarks at: http://www.sybase.com/largestdw
About Sybase, Inc.
Sybase is the largest global enterprise software company exclusively focused on managing and mobilising information from the data centre to the point of action. Sybase provides open, cross-platform solutions that securely deliver information anytime, anywhere, enabling customers and partners to create an information edge. The world's most critical data in commerce, communications, finance, government and healthcare runs on Sybase. For more information, visit the Sybase Web site: http://www.sybase.com.
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Issued on behalf of Sybase
by EBA Communications
For more information, please contact:
Lai-Fun Man, (Sybase) : (852) 2506 8750
(email: lai.fun.man @sybase.com)
Howard Jones/Carla Chan (EBA): (852) 2537 8022
(email: howard.jones@ebacomms.com / Carla.chan@ebacomms.com)
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