Societe Generale selects big xyt’s Liquidity Cockpit for enhanced equities trading activity analysis
Delivering independent, consolidated view of post MiFID II fragmented liquidity landscape
London, Frankfurt, Paris, 25th April 2018. big xyt, the independent provider of high-volume, smart data and analytics capabilities, is pleased to announce the addition of Societe Generale Corporate & Investment Banking (SG CIB) as a client of its Liquidity Cockpit, providing a consolidated view across all European trading venue activity with on-exchange and off-exchange liquidity including over-the-counter (OTC) equities and Systematic Internaliser (SI) transactions.
Over the past 10 years the trading community has had to respond to a range of new regulations, changing market structures and trading patterns including more block trading activity, new initiatives launched by exchanges such as periodic auctions, and SIs. For the trading community it is key to understand the impact of all these changes on the liquidity landscape.
The big xyt Liquidity Cockpit provides SG CIB, and its clients, with independent, normalised sight and analysis of granular tick data and an overview of market share across all major European venues. The interactive dashboards deliver rich market quality metrics including spread analytics, market impact and presence. The Liquidity Cockpit keeps track of changes in trade conditions or execution venues, including Sis, and applies custom measures such as Large in Scale (LIS) classified trades. Importantly it can predict the impact of double volume caps.
Richard Hills, Global Co-Head of Cash Equity Execution, in Prime Services at Societe Generale Corporate & Investment Banking commented “MiFID II has brought significant changes to European market structure and liquidity landscape. With big xyt’s web-based Liquidity Cockpit we are able to easily discover and monitor changes within the liquidity landscape and analyse the market quality of new and established venues. This insight contributes to our leading market position.” Adding “The big xyt team have been very responsive to our requirements and we look forward to continuing to work with them as the market landscape evolves.”
Robin Mess, CEO at big xyt, said: “We are delighted Societe Generale CIB, a leading market participant who place innovation and digital technology at the heart of their business, has chosen big xyt to provide them with an independent, consolidated view of pan-European trading activity.” He added, “The growth of our client community continues to demonstrate how Liquidity Cockpit has become an essential tool in helping users quickly understand the dynamics of fragmented markets and thus optimise trading and execution performance.”
The Realization Group
+44 (0)7974 937 970
Societe Generale CIB
+44 (0) 7762 5499
About big xyt
big xyt provides independent smart data and analytics solutions to the global trading and investment community, enabling firms to process and normalise large data sets on demand and in real time, in order to comply with regulatory requirements and reduce the complexity of their operations.
The seamless and highly scalable integration of big xyt data aggregation and consolidation capabilities allows buyside and sellside firms to transform into a data-driven business while the innovative analytics capabilities enable them to gain actionable insights, discover alpha and maintain a competitive advantage.
Connecting quickly and easily to our cloud-based platform via APIs, trading firms, ISVs and trading venues can use their own business logic and data sets on our platform to leverage analytics for their business, including liquidity measures such as market share or depth of order book, as well as analytics around market impact. New logic can be incorporated in as little as 24 hours.
big xyt has created an ecosystem for tick data analytics covering more than 120 trading venues globally. Its technology normalizes trade conditions of all venues allowing consistent aggregations of trading volumes. big xyt’s analytics solutions are relevant for a broad range of use cases including strategy development, back testing and regulatory changes like MiFID II. The platform offers a convenient and interactive user interface that allows users to discover relevant information quickly. Delivered as a web service, the big xyt solution requires no technical integration.
big xyt was founded by a team of experts combining more than five decades of experience in risk management, regulatory and financial reporting, analytics solutions arising from regulatory requirements, e.g. MiFID II, and engineering for data management and analytics. The team of seven founders has been working together since 2005 and in 2014 they formally formed big xyt to continue and expand this work.
For more information visit www.big-xyt.com or follow us on Twitter @bigxyt
Societe Generale is one of the leading European financial services groups. Based on a diversified and integrated banking model, the Group combines financial strength and proven expertise in innovation with a strategy of sustainable growth, aiming to be the trusted partner for its clients, committed to the positive transformations of society and the economy.
Active in the real economy for over 150 years, with a solid position in Europe and connected to the rest of the world, Societe Generale has over 147,000 members of staff in 67 countries and supports on a daily basis 31 million individual clients, businesses and institutional investors around the world by offering a wide range of advisory services and tailored financial solutions. The Group is built on three complementary core businesses:
- French Retail Banking, which encompasses the Societe Generale, Crédit du Nord and Boursorama brands. Each offers a full range of financial services with omnichannel products at the cutting edge of digital innovation;
- International Retail Banking, Insurance and Financial Services to Corporates, with networks in Africa, Russia, Central and Eastern Europe and specialised businesses that are leaders in their markets;
- Global Banking and Investor Solutions, which offers recognised expertise, key international locations and integrated solutions.
Societe Generale is included in the principal socially responsible investment indices: DJSI (World and Europe), FTSE4Good (Global and Europe), Euronext Vigeo (World, Europe and Eurozone), four of the STOXX ESG Leaders indices, and the MSCI Low Carbon Leaders Index.
For more information, you can follow us on twitter @societegenerale or visit our website www.societegenerale.com
Societe Generale Corporate & Investment Banking
At the core of Societe Generale’s diversified and integrated banking business model, the Corporate & Investment Bank is a leading player with around 12 000 professionals and a commercial offer in 37 countries, with extensive European coverage and representative offices in Central and Eastern Europe, the Middle East, Africa, the Americas and the Asia-Pacific region.
Supporting its clients across various sectors, the Corporate & Investment Bank offers bespoke financial solutions combining innovation, advisory services and high execution quality in four areas of expertise: investment banking, financing, market activities and investor services.
- For Corporates, Financial Institutions, Sovereigns and the Public Sector: providing strategic advice (M&A, debt, capital structure, and asset & liability management), as well as providing capital market access to finance projects and providing hedging solutions especially in foreign exchange and rates.
- For Investors: offering reliable and sound investment opportunities and risk management solutions through its integrated platform delivering comprehensive access to markets (fixed income, credit, foreign exchange, commodity markets, equity, and derivatives), as well as advice and financial engineering, quality of execution, forward-looking research, and an industry-leading clearing proposition & prime brokerage services.
For more information, you can follow us on twitter @sg_cib or visit our website www.cib.societegenerale.com