big xyt provides Liquidity Cockpit to Liquidnet for Execution Analysis
Providing independent data analysis of market share and liquidity
London, Frankfurt, 3 June 2019. big xyt, an independent provider of high-volume smart data and data analytics, is pleased to announce that, Liquidnet Europe Limited, have extended their use of the big xyt analytics Liquidity Cockpit platform to monitor execution quality of its products along with cross-checking market volumes.
big xyt are providing Liquidnet execution analysts with an interactive application to monitor market information via the Liquidity Cockpit dashboard. By using data science big xyt solutions capture, normalise, collate, and store trade data at a granularity that has not previously been available in the market.
Joe Fields, Execution Analyst, Global Execution & Quantitative Services at Liquidnet commented, “It is important that we are able to validate venue quality and ultimately deliver best execution to our clients. Big xyt provides support with their complex market analysis capabilities.”
Mark Montgomery, Head of Strategy and Business Development at Big XYT, says “We are delighted to be able to provide Liquidnet with the ability to interrogate and assess a consolidated view of their market position. Recognising the benefit of outsourced independent, complex data analysis has freed up additional internal resources to concentrate on client focussed initiatives.”
The big xyt analytics solutions combine scalable analytics engines with highly interactive dashboards and API facilities; the Liquidity Cockpit dashboards provide an independent consolidated, normalised view of all major Regulated Markets, Multi-lateral Trading Facilities (MTF) and SIs. The data and detailed analysis big xyt provide is allowing exchanges, brokers, industry bodies, analysts and media to prove and compare execution quality, liquidity, spreads and costs in a truly like-for-like way.
Media contact for big xyt
The Realization Group
+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 buyside 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 webervice, 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