One of largest financial companies and a major provider of institutional banking, investment management and broker services. Long-standing experience of trading electronically in European equities, offering a market-leading suite of algo execution and analysis tools to its clients. The Challenge Although the client was already using a white-labelled transaction cost analysis (TCA) service from another vendor, as a highly sophisticated user of TCA data and analytics, the client required a more detailed understanding of its execution performance than its existing provider was able to deliver. Critically, the incumbent vendor was unable to provide the required levels of transparency on the underlying data and methodology used to generate its TCA reports.
Analysing trading data from multiple points of view one year on from MiFID II London, Frankfurt, 28th January 2019. big xyt, the independent provider of high-volume, smart data and analytics capabilities is pleased to announce the launch of www.250days.com, a collection of views reflecting the evolving market dynamics over the past year. The new site leverages the Liquidity Cockpit, the industry recognised reference for independent market structure analysis, and has been created in response to multiple client requests. Visitors will have access to annotated visual analysis of the fragmented European equity trading landscape leading up to and during 2018.
London, Frankfurt, 15 November 2018 big xyt, the independent provider of high-volume, smart data and analytics capabilities is pleased to announce further client driven enhancements to its Liquidity Cockpit. With the introduction of a dedicated dashboard for analysing SI volumes, eligible users have the option to view and compare the reported SI volumes filtered by adjusted conditions, analysed by time, by region or by symbol. This new dynamic visualisation leverages the recent release extending the adjustment of SI volumes and the range of enquiry options and filters available. Users are now able to better understand the component parts of total SI flow reported. Furthermore, this additional value added functionality introduces comparisons to other market activity such as Large In Scale (LIS) trades and the impact of Double Volume Caps on liquidity dispersion over time.
London, Frankfurt, 25th September 2018. big xyt, the independent provider of high-volume, smart data and analytics capabilities is pleased to announce the launch of the ETF Liquidity Cockpit introducing liquidity metrics for ETFs with new navigation tools enriched with reference data from Ultumus, the specialist distributor of ETF composition data. The new ETF Liquidity Cockpit maintains the flexible access offered with existing Equity dashboards and includes key metrics for market share and market quality. The ETF Liquidity Cockpit further integrates reference data sourced from Ultumus to enable additional data aggregations.
Press Release Understanding liquidity shifts triggered by double volume caps London, Frankfurt, 20th September 2018. big xyt, the independent provider of high-volume, smart data and analytics capabilities, is delighted to
London, Frankfurt, Paris, 25th April 2018. big xyt, the independent provider of high-volume, smart data and analytics capabilities, is pleased to announce the addition of Societe Generale Corporate & Investment Banking (SG CIB) as a client of its Liquidity Cockpit, providing a consolidated view across all European trading venue activity with on-exchange and off-exchange liquidity including over-the-counter (OTC) equities and Systematic Internaliser (SI) transactions. Over the past 10 years the trading community has had to respond to a range of new regulations, changing market structures and trading patterns including more block trading activity, new initiatives launched by exchanges such as periodic auctions, and SIs. For the trading community it is key to understand the impact of all these changes on the liquidity landscape.
London, Frankfurt, Paris, 24th April 2018. big xyt, the independent provider of high-volume, smart data and analytics capabilities, is delighted to announce the arrival of Mark Montgomery in a key role supporting Strategy and Business Development. In this newly created role, Mark will focus on ensuring alignment of the business strategy with client needs and expanding the big xyt presence in London. Mark will extend the Executive team and will work closely with Robin Mess, CEO. Having previously worked at Barclays Capital as Director of Electronic Trading Sales and Alliance Bernstein where he was responsible for establishing a European portfolio and electronic trading desk, Mark brings significant experience of the trading community’s challenges and expertise in delivering solutions.
MiFID 2 double volume caps – the end of dark trading?” – Automated Trader Magazine publishes a report contributed by our Head of Analytics Ulrich Nögel, Co-founder and Head of Analytics, writes about DVCs and LIS trading published in the Q3/4 issue 44 of the Automated Trader Magazine A controversial rule in MiFID 2 is the double volume cap mechanism for dark pools. Recently, a quantitative study presented dramatic numbers on the percentage of stocks that would be suspended under the regime. We investigate if the efficient use of large-in-scale trading can help to mitigate the caps. Please visit the Automated Trader Magazine to read the full report (subscribers only).
Robin Mess, our CEO, will speak about navigation in a dynamic liquidity landscape (pre and post MiFID II) and how analytics helps to optimize trading performance. In the afternoon Robin will share thoughts on the dynamic liquidity landscape: Fragmented liquidity and the emergence of new venues and order types like periodic auctions, dark pools or LIS venues, are not new to Pan-European trading. With MiFID II we will see further changes with an increasing complexity (e.g. restricted dark pool trading, DVCs). In this dynamic liquidity landscape, trading firms have to overhaul their existing strategies. We show how technology and independent analytics can help the trading community to optimize execution and trading performance.
London, 25 September 2017: big xyt, the independent provider of high-volume, smart data and analytics capabilities, announced today that SIX Swiss Exchange has joined the xyt hub to provide high quality tick data to its trading participants, enabling them to develop, evaluate and backtest new trading and execution strategies while providing greater transparency over trading activity. Connected to more than 100 venues globally and across asset classes, the xyt hub launched in September 2017 to enable the global trading community to integrate tick data and analytics in a more convenient and cost-effective way, via a single API. The xyt hub allows trading firms to consume, analyse and visualise all the data they require through cloud-based technologies, featuring Data-as-a-Service and Analytics-as-a-Service functionalities.
