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.
XYT View is a reference for market structure analysis of the European liquidity landscape. Trusted by all 5 largest European exchanges, global brokers, leading analysts, instrument bodies as well as well a growing number of buy-side firms.
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.
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.
Gain insight on share of trading across European venues aggregated by execution venues, indices or trade categories.
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.
Interactive dashboards enable users to quickly analyse data sets by security, venue, index, trade condition or share of LIS trading across European trading venues.
All analytics functionality is performed by big xyt on tick-by-tick datasets. Our automated plausibility checks allow us to spot quality issues immediately.
All analytics is using trade categories that are derived from the MMT standard. This allows comparison across trading venues.
All analytics functionality is provided through a web-based user interface. The dashboards can also be used on tablets.
Optimize Trading and Execution
The Liquidity Cockpit delivers actionable insight by delivering transparency on market structure changes.
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.
As a privately owned company, our clients see big xyt as an unbiased and objective provider of data analysis.
All measures are fully documented and can be verified with the underlying tick data.
Looking at analysis over time rather than snapshot allows the user to perform bespoke trend analysis filtered custom studies or general market overview.
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.
All our products are distributed across regions, servers and data centers, i.e. our products are delivered through a reliable setup.
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.