Successful implementation provides exchange with independent data analytics to further enhance market quality and performance reporting
15th September, 2021: London: big xyt, the independent provider of smart data and analytics solutions to the global trading and investment community, is pleased to announce that Equiduct, the pan-European equities and ETFs exchange, has implemented big xyt’s Liquidity Cockpit to gain new insights into the pan-European liquidity landscape and the quality of execution achieved via Equiduct’s Apex service.
The project implementation was recently completed and already Equiduct are seeing the benefits. big xyt’s completely independent data analytics enables Equiduct to showcase the unique strengths of their market model, where they can demonstrate better and deeper liquidity, as well as monitor the performance of the market and ultimately continue to improve their value proposition.
The project scope included the delivery of the Liquidity Cockpit, big xyt’s flagship product for security analytics, which provides an independent, consolidated view of trading activity to reflect the ongoing changes of market structure, along with an additional nine customised metrics.
Matt Stupple, CTO at Equiduct, commented: “The quality and breadth of the Liquidity Cockpit data analytics platform, along with the industry expertise and support they provide, has meant that we are using independent data to better understand the pan-European market landscape in which we operate. These insights enable us to demonstrate our competitive edge in a more pragmatic way, giving direct proof points to our clients and helping us attract more business to our trading venue.”
Richard Hills, Head of Client Engagement at big xyt, said: “We’re pleased to add Equiduct onto our growing list of international exchange clients, which is continued evidence of the market’s need for innovative data analytics solutions to deliver tangible benefits for the industry. Banks, asset managers, exchanges and market participants across the globe consistently rely on big xyt as an independent reference for equity market structure, illustrating our ability to deliver a strong and transparent platform to our clients.”
Equiduct is an innovative, client driven pan-European trading venue designed to enable retail brokers and institutional clients to achieve Best Execution in the most liquid and fragmented cash equities and ETFs. Focused on providing solutions for our members in the post MiFID environment, Equiduct has developed unique products designed to revolutionise retail trading which facilitate order execution against the pan-European consolidated order book. Its focus is to ensure market participants are able to access the best prices available in Europe by utilising a proprietary price discovery calculation. Equiduct provides true pan-European trading across 11 markets covering 16 European headline indices.
In 2019, Equiduct launched Apex a fully transparent, MiFID-compliant, regulated trading service which allows retail orders to execute against the pan-European order book and is supported by a pool of Liquidity Providers and active brokers.
In 2020 it reported an overall ADV (average daily volume) of €281m for the last quarter of the year, gaining 65% in comparison to the same quarter in 2019. ADV for 2020 reached €283m, up from €149m in 2019 – an 88% increase. By comparison, trading activity across Europe’s lit markets grew by only 5% year on year.
Equiduct is a market segment of Börse Berlin, a regulated market operator under Article 44 of MiFID II. Börse Berlin is regulated by the Competent Authority Senatsverwaltung für Wirtschaft, Energie und Betriebe – Börsenaufsichtsbehörde and participation in trading is governed by German and European law.
For more information on Equiduct, please visit: www.equiduct.com