Delivering independent data analysis of liquidity and market share
London, Frankfurt, 21st April 2020 – big xyt, the independent provider of market data analytics, is pleased to announce that Aquis Exchange, the subscription-based pan-European equities exchange, is implementing Liquidity Cockpit to support market structure analytics used internally by the exchange and for their clients.
Award-winning big xyt solutions capture, normalise, collate and store trade data at a granularity that has not previously been available in the market. By applying data science and advanced techniques to execution analytics, Liquidity Cockpit delivers a unique range of market overviews and individualised comparison reports to the team at Aquis Exchange.
Delivered through a custom API, it enables Aquis Exchange to query a vast data set which then can be personalised to its needs. All results are available for download and review using the flexible interactive dashboards.
Jonathan Clelland, COO of Aquis Exchange, commented: “The quality and depth of the big xyt data analysis is hugely important to us. Their understanding of our requirements, and the proactive support they provide us, has made the decision to work with big xyt something that we are very pleased with.” He added, “big xyt’s unique approach to data analysis allows us the control and flexibility we require to understand and develop our competitive position within the wider European landscape data.
Mark Montgomery, Head of Strategy and Business Development at big xyt, said “We are delighted to be working with Aquis Exchange, and watching their innovation challenge the landscape.” He continued “Adding them to the list of venues using Liquidity Cockpit is continued evidence of the market’s need for pioneering technology solutions to deliver tangible benefits for the end-user.”
Media contact for Aquis Exchange PLC
Tel: 0203 597 6329
Mobile: 07768 078110
Media contact for big xyt
The Realization Group
Tel: 07974 937 970
About Aquis Exchange PLC
Aquis Exchange PLC is an exchange services group, which operates pan-European cash equities trading businesses (Aquis Exchange), growth and regulated primary markets (Aquis Stock Exchange/AQSE) and develops/licenses exchange software to third parties (Aquis Technologies).
Aquis Exchange is authorised and regulated by the UK Financial Conduct Authority and France’s Autorité des Marchés Financiers to operate Multilateral Trading Facility businesses in the UK and in EU27 respectively. Aquis operates a lit order book and does not allow aggressive non-client proprietary trading, which has resulted in lower toxicity and signalling risk on Aquis than other trading venues in Europe. According to independent studies, trades on Aquis are less likely to lead to price movement than on other lit markets. Aquis uses a subscription pricing model which works by charging users according to the message traffic they generate, rather than a percentage of the value of each stock that they trade.
Aquis Stock Exchange (AQSE) is a stock market providing primary and secondary markets for equity and debt products. It is permissioned as a Recognised Investment Exchange, which allows it to operate a regulated listings venue.
Aquis Technologies is the software and technology division of Aquis Exchange PLC. It creates and licenses cutting-edge, cost-effective matching engine and trade surveillance technology for banks, brokers, investment firms and exchanges.
Aquis Exchange PLC (AQX.L) is listed on the Alternative Investment Market of the LSE (AIM) market
For more information, please go to www.aquis.eu
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 buy-side and sell-side 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.
For more information visit www.big-xyt.com or follow us on Twitter @bigxyt