Father Christmas may not have target benchmarks or KPIs but he does have to manage and deliver all the presents to the correct recipients by the end of the day. But hold on, it just occurred to us that this actually has a lot in common with a practice in equity markets. Managing index constituents during a rebalance with a target benchmark of the Closing Price.
At this time of year, we work hard to ensure that we don’t disappoint our friends and relatives on the big day. We order the food and drink well in advance, we carefully choose the gifts, and we stock up on spare batteries for the remote control. It’s all about avoiding disappointment by creating certainty.
Over the weekend Santa stopped off in Qatar to watch the World Cup quarter finals (even though it was really a business trip, it was also a good excuse for a jolly). Like the rest of us, he was drawn into the drama as penalties proved to be critical in three out of four matches.
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.
