12 Days of Trading – Day 3 of 12: I spy… some patterns in trading
After our first post of this series where we highlighted three stocks with large price reversion before and after the close on 30th November, we had several enquiries asking if we have an easy way to identify these moves. When using data analytics to support trading decisions, one can try...
12 Days of Trading – Day 2 of 12: The many spikes of 2020
After a traumatic 12 months, we thought you might be feeling a little bristly in the lead up to the holidays. What better way to complement the mood than by looking at the impressive volume spikes of 2020. We’ve put together A Hall of Fame for those days over the...
12 Days of Trading – Day 1 of 12: It takes two to tango
But did your partner tread all over your toes? In the past we have commented about the dangers of trading at the Close on days when there are significant trading volumes expected. Last week’s MSCI rebalance showed us new examples of the dangers. Taking the official close as a stick...
Microbites #1 – An Introduction to European Equity Market Structure
For traders and portfolio managers who are navigating the European market structure landscape or want a refresher, big xyt is introducing a series of briefings to help you get to grips with the market mechanisms, and to help users of our analytics tools. View the article here.
We’re familiar with going Dutch, but going English…?
Following the theme of Closing Auctions and new Alternative Closing Mechanisms, we can highlight a noteworthy entry to the Closing Auction records books last Friday. In the chart today we see the 5 largest single stock closing auctions in recent (4 years) history. Notably, Linde AG has featured twice (holding the...
Alternative Closing Auctions update
Last month we touched on the growing number of Alternative Closing Mechanisms available to the equity trading community as we added the new Turquoise Plato Trading at Last to our Enterprise menu. Within a few days we saw that Deutsche Bourse were introducing Xetra Trade-at-Close, and last week we added...
Were you caught like a deer in the headlights?
Picture the scene. Lap 20, Hamilton, as usual, has a 15 second lead (almost enough time for a free pit stop), and a little more unexpectedly, Bottas is running a strong second, 10 seconds ahead of the third place car. Then, shock, horror, for the first time in five years,...
big xyt takes part in Harrington Starr’s The Fintech Focus TV Debate Series
Our very own Mark Montgomery took part in Harrington Starr's second installment of The Fintech Focus TV Debate Series, alongside Steve Grob of Vision57, Mike Powell of Rapid Addition Limited, Jon Butler of Velox, and Reena Raichura of Glue42, to discuss changes in the FinTech space. “People are concerned with transference of data – at big xyt you don’t need...
You wait for one Closing Auction and then 8 come along at once
If you are benchmarking against the Official Close, how are you ensuring you have an independent view of which stocks, how much, and if anything is trading at the closing price on another venue? Demand for the official close as a benchmark has led to the introduction of alternative closing...
Increasing volumes point to favour with investors
A sudden recovery in trading volumes in the energy sector is just what we would have expected from the news of the vaccine last week, and it’s in line with the broader market. The news may only be a light on the horizon, but a return to normal levels of...
Predictive trading in Barclays plc – is there something wrong with my profile?
By Mark Montgomery, Strategy & Business Development Mathematics. It’s not complicated, surely? The Ancient Greeks drew lots of models in the sand and we have been developing them ever since. Plus, we’ve built tools to prevent our brains having to work too hard. The evolution of these tools has accelerated...
Company management has had a rough time in 2020, especially in the energy sector
This year, market sentiment has somewhat overwhelmed long-term business strategy and sound financial management, especially in the energy sector. We looked at six energy majors where prices have fallen 39% - 65% from pre-crisis levels. While grappling with the collapse in oil prices, consumer demand and addressing the climate...
