Independent reference of market share, liquidity and trends now available for Equities and ETFs
London, Frankfurt, 21 June 2019. big xyt, an independent provider of high-volume market data analytics, is pleased to announce the launch of Consolidated View, an extension of the market analysis metrics available to all members of the investment community from the Liquidity Cockpit platform and 250days website dashboard. The new views allow access to a standardised independent view of the trading activity across the equity and ETF trading landscape in Europe.
big xyt clients, including multiple global exchanges and investment banks, have increasingly been using detailed information and analytics from the Liquidity Cockpit as a reference to validate their trading performance to their clients. By allowing complimentary access via 250days.com to the aggregated data for single stocks, regions and indices, this new initiative delivers independent aggregated information, adding a much-needed layer of efficiency and transparency to the market.
250days has been highly successful in demonstrating how market liquidity at primary European Exchanges, MTFs and off-exchange volumes including SIs, changed during 2018 following the introduction of MiFIDII. This extension of the data set and the metrics available will enable users, whether they are buy or sell side, exchanges, regulators, analysts or media, to access a range of metrics via interactive dashboards.
Through the Consolidated View users are able to observe changes in displayed liquidity, dark pools, Systematic Internalisers, periodic auctions, opening and closing auctions. Visible metrics include value traded, market share, spreads, effective spreads and price movement.
Mark Montgomery, Head of Strategy and Business Development at big XYT, said “As trusted, independent, providers of consolidated views on European trading for equities and ETFs, we have seen an ever-increasing demand from the buy-side for more transparency in this dynamic landscape including SIs, RFQs and frequent batch auctions.”
Robin Mess, CEO at big xyt, added, “By enhancing our 250days GUI to include current data, adding to the metrics available and allowing users to filter the information they require, we are delivering on this need. Our Consolidated View allows all market participants to compare performance to their peers and trade execution providers and to further analyse the consequences of market structure changes.”
big xyt solutions capture, normalise, collate, and store trade data at maximum available granularity. By using the big xyt Liquidity Cockpit dashboard, users are able to monitor market information and to interrogate the data further. By integrating it with their own trading information, through Liquidity Cockpit they are able to validate venue quality to inform trading decisions and ensure best execution.
Media contact for big xyt
The Realization Group
+44 (0)7974 937 970
Additional information about big-xyt websites
Liquidity Cockpit – For all European Equities and a separate ETF Liquidity Cockpit
Subscription-based views of tick data turning nanosecond granularity into liquidity-based aggregations and trends from the day after trade date (T+1) to over 2 years history. Clients have access to multiple interactive dashboard views, CSV downloads and API delivery of underlying normalised data sets.
250Days – For all European Equities including ETFs
Complimentary. Registered users log in to access a selected set of subjective views highlighting various key market structure events affecting European Equity trading in the year following MiFID II and the effects of competition in the fragmented landscape.
Consolidated View – For all European Equities including ETFs
Complimentary. Newly introduced to the 250Days site, registered users log in to access up-to-date aggregated views on liquidity, market quality and market trends at a stock, index, venue or regional level as well as by normalised condition code (Lit, dark, auction block etc).
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 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