XYT View – The Consolidated View for European Markets

The XYT View is designed to give global trading and investment firms easy access to key market liquidity statistics through a consolidated view.


The Consolidated View provides an independent view on pan-European trading activity instantaneously reflecting the ongoing changes of market structure, e.g. SIs and LIS executions.

Users immediately gain enhanced visibility over dark and lit liquidity, total volumes traded and trends developing across trading categories.

With the future introduction of additional measures, such as comparative spreads, and price movement by trading mechanism, the community will experience a growing menu of metrics providing T+1 transparency on market behaviour.

Product Features

Systematic Internalisers

Evaluate the market share of trades reported under this mechanism. Drill down into the detail, filtering out non-addressable volume to create a more realistic view of comparable market volumes.

Traded Volumes

Gain insight on share of trading across European venues aggregated by execution venues, indices or trade categories.

Periodic Auctions

Investigate the rise of periodic auctions by venues and regions.

Large In Scale (LIS)

Understand the dynamics of market structure (pre and post MiFID II), e.g. the impact on Large In Scale trading and dark pools.

Spreads and Market Depth

Compare market quality across venues using various spread measures (spreads on BBO, effective spreads for a given trade size).

Price Move Measure

Investigate the market move for trades across block trading venues, lit markets and dark pools.

Customer Benefits

Powerful Visualisation

Interactive dashboards enable users to quickly analyse data sets by security, venue, index, trade condition or share of LIS trading across European trading venues.

Data Quality

All analytics functionality is performed by big xyt on tick-by-tick datasets. Our automated plausibility checks allow us to spot quality issues immediately.

Trade Conditions

All analytics is using trade categories that are derived from the MMT standard. This allows comparison across trading venues.

Zero Maintenance

All analytics functionality is provided through a web-based user interface. The dashboards can also be used on tablets.

Use Cases

Optimize Trading and Execution

The Liquidity Cockpit delivers actionable insight by delivering transparency on market structure changes.

Venue Comparison

Market quality measures provide an indication for expected transaction costs. The normalized indicators enable users to compare venues.

Liquidity for ETFs

Still mainly traded OTC the ETF trading is expected to move on exchange. The Liquidity Cockpit provides liquidity indicators for all ETFs across all venues.

Differentiating Factors

Independence

As a privately owned company, our clients see big xyt as an unbiased and objective provider of data analysis.

Transparent Methodology

All measures are fully documented and can be verified with the underlying tick data.

Trend Analysis

Looking at analysis over time rather than snapshot allows the user to perform bespoke trend analysis filtered custom studies or general market overview.

Flexibility

Data can be provided via a variety of delivery mechanisms and analysis via our unique browser based visualisation tool allows optimal flexibility when filtering different venues and comparing date ranges.

Resilience

All our products are distributed across regions, servers and data centers, i.e. our products are delivered through a reliable setup.

Cost Management

We reduce the Total Cost of Ownership. Our technology team are focussed on collecting, curating and delivering analysis that each our clients would require a team of 2 or 3 people to support in addition to the cost of raw data and infrastructure. We have a subscription pricing model.