big xyt announce executive team strategic hire

big xyt - Richard Hills

big xyt announce executive team strategic hire

Richard Hills joins as Head of Client Engagement

London, Frankfurt 24th March 2020 – big xyt, the independent provider of market data analytics, is pleased to announce Richard Hills has joined their executive team as Head of Client Engagement. Working alongside Mark Montgomery, Head of Strategy and Business Development, Richard’s appointment will accelerate the implementation of big xyt’s 2020 strategic business plans.

Based in London, Richard joins big xyt from Société Générale, where he launched and built the equities electronic trading business, going on to become Global Co-Head of Cash Equities Execution encompassing electronic, program trading and high touch execution.

In this newly appointed role Richard will help to drive client innovation using a partnership engagement model. Richard will be responsible for promoting client awareness of the full breadth and depth of big xyt’s award-winning products and services. This will enable them to not just observe the market, benchmark and analyse their executions, but increasingly integrate big xyt’s technology into the firm’s daily workflow for the benefit of their own clients.

Richard commented, “The investment industry is undergoing rapid and fundamental change, driven by greater passive investment, falling fees and more regulation. I see scalable, high performance technology and data driven automation as the key to survival and success. big xyt’s Best Execution and TCA off-the-shelf analytics products demonstrate the power of this new architecture.”

He continued, “I am looking forward to working with the team and enabling clients, including exchanges, sell-side and buy-side firms, to leverage the big xyt product portfolio to gain greater insights in support of their investment decisions and execution strategies. We aim to provide high quality, consistent data and sophisticated analytics tools to a broad range of market participants, where access to such capabilities has previously been the preserve of only those with the deepest pockets.”

Mark Montgomery said “We are delighted to be adding Richard to our team. He has a great reputation amongst our community and brings experience, market knowledge and client trust with him. At a time when we have exciting new content ready for release, he will help us share the benefits of our unique capabilities to a larger cross section of the community.”

Robin Mess, CEO big xyt, added “After successfully expanding our product and support teams over the last few years we are excited to have Richard onboard to further increase our opportunities. His enthusiasm and expertise will help accelerate our growth with new clients and also provide additional levels of sophistication.”

For several years big xyt has been collecting, curating, storing and normalising granular tick & trade data in order to help market participants understand the industry landscape and their interactions within it.

Exchanges, venues, banks and brokers use big xyt as an independent reference for Equity market structure. Along with venues, buy-side and sell-side firms leverage the innovation big xyt has introduced beyond existing Transaction Cost Analysis to flexibly analyse their global execution process in ways that were not possible before, differentiating their capabilities and demonstrating their contribution to the performance of their own clients.

Media contacts

Melanie Budden, The Realization Group
Tel: +44 (0) 7974 937 970

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 or follow us on Twitter @bigxyt

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