Product Update – EBBO Regains, Alternative Closing Mechanisms and Volume Profiles by Venue

Liquidity Cockpit Product Update

Product Update – EBBO Regains, Alternative Closing Mechanisms and Volume Profiles by Venue

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:

  • Alternative Closing Mechanisms
  • Auction Closing (Primary Exchange)
  • OTC ACP
  • SI ACP

An additional ACM Overview dashboard has been added to allow the user to see closing activity across the four classifications above by index, instrument and over time.

The second enhancement announced today is our new EBBO Regains dashboard.

This measures how fast we observe that a given venue restores the European Best bid/ask price set on other venue(s). As it differentiates between EBBO set on primary and MTFs it can be treated as the time in which information travels between different European data centres.

Our third enhancement is the introduction of Volume Profiles by Venue. To complement our existing intra-day volume profiles, this new dashboard allows comparison of the relative market share during the day across venues and trading mechanisms.

We look forward to receiving your feedback, questions or comments via support@big-xyt.com.

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