If there’s one thing Father Christmas takes into consideration when it comes to presents, it’s fairness. Mrs Claus insists that siblings should always have the same amount of money spent on them - but what if one gift was discounted on Black Friday in Lapland? Is it price or value that matters?
As we gently ease into the festive season, the big xyt team is pleased to bring you Season 5 of the ‘The 12 Days of Trading’, a light-hearted look at some of the highlights of the trading year and its curiosities. This year, just like Santa, we begin our quest in the antipodes with a quick look at fragmentation in the region.
We are pleased to inform you about the new dashboards introduced this week for the Liquidity Cockpit Enterprise user interface. These changes are driven by client requests alongside evolving market and regulatory change. We have introduced a further classification filter in our Alternative Closing Mechanisms (ACM) view so the following can be compared:
We’re really looking forward to taking part in The Finance Hive Equities London Members Live Meeting next Wednesday 25 May. We’ll be leading the roundtable discussion ‘Leveraging the latest advancements in data analysis and analytics for optimal execution’.
big xyt is a proud sponsor of TradeTech Europe 2022 on 11-12 May. Don’t miss Mark Montgomery’s panel alongside Vanguard Asset Management, Norges Bank Investment Management and Capital Group to learn about the advancements in enhanced execution analytics.
Trading turnover in European equities posted a new MiFID II era record in Q1, 34% higher than the four year average, as investors reacted to the cocktail of inflationary fears and war. Back in Q1 2020 it felt like we were watching a truly exceptional event but despite lower volatility, the markets managed to deliver something even more unpredictable. Please have a read of our latest European market microstructure and let us know your thoughts or ideas for any further investigations.
The amount of data produced globally continues to grow exponentially. Units such as Tera and Peta are no longer capturing the magnitude. As new terms such as Wispabytes and Crunchiebytes have been necessary, there are fears that the extent of this uncontrolled data production could soon have unintended consequences. Uncleansed data is not being disposed of, capacity levels are already being reached with clouds becoming saturated, and the inevitable precipitation could have irreversible effects. The Journal of Knowledge & Environmental Science (J.O.K.E.S.) has forecast that by 2030 there could be a film of excess data covering the whole of the earth’s surface.
Do you remember the optimism of the Santa Claus rally? Only a few months ago we were being entertained by stories of the S&P 500 in the high fives by year end (that would be a 30%+ rally from here) and post pandemic recoveries across the board. Then along comes the spectre of war, sanctions, and a cost of living crunch for households.
Dark trading currently represents 8% of equity turnover across all of Europe, adjusted to exclude clearly non-addressable OTC and SI prints. In UK Blue Chips that is now 11.6%, and for UK mid caps it is 15.2% How often are you looking to identify when a stock has an unexpected surge in turnover? And how often is it beneficial to know that some or all of that increase was on a Dark venue?
big xyt, the independent provider of smart data and analytics solutions to the global trading and investment community, today announced the launch of the Global Exchanges Directory, an interactive web portal providing key information on 97 worldwide stock exchanges and alternative trading venues in seven regional categories.
