Aquis Exchange
, the subscription-based pan-European equities exchange, is implementing big xyt’s Liquidity Cockpit to support market structure analytics used internally by the exchange and for their clients.
big xyt solutions capture, normalize, collate and store trade data at a granularity that has not previously been available in the market. Liquidity Cockpit delivers a unique range of market overviews and individualized comparison reports to the team at Aquis Exchange. The client will be able to query a vast data set which then can be personalized to its needs and all results are available for download and review using the flexible interactive dashboards.
Jonathan Clelland, COO of Aquis Exchange, commented: “The quality and depth of the big xyt data analysis is hugely important to us. Their understanding of our requirements, and the proactive support they provide us, has made the decision to work with big xyt something that we are very pleased with. big xyt’s unique approach to data analysis allows us the control and flexibility we require to understand and develop our competitive position within the wider European landscape data.”
Mark Montgomery, Head of Strategy and Business Development at big xyt, said: “We are delighted to be working with Aquis Exchange, and watching their innovation challenge the landscape.” He continued “Adding them to the list of venues using Liquidity Cockpit is continued evidence of the market’s need for pioneering technology solutions to deliver tangible benefits for the end-user.”
Liquidnet Europe has recently extended its use of the big xyt analytics Liquidity Cockpit platform to monitor execution quality of its products along with cross-checking market volumes. Execution analysts at Liquidnet can now use the big xyt’s Liquidity Cockpit dashboard as an interactive application to monitor market information at a granularity that has not previously been available in the market, the vendor claims.
In 2020, big xyt appointed Richard Hills as Head of Client Engagement to accelerate the implementation of the firm’s strategic business plans, driving innovation using a partnership client engagement model.
big xyt’s platform has been extended to include Transaction Cost Analysis (TCA) as the trading industry increasingly recognizes post-trade TCA as a crucial business function.
In 2018, the firm launched liquidity metrics for ETFs with new navigation tools enriched with reference data from Ultumus. ETF Liquidity Cockpit includes key metrics for market share and market quality, and further integrates reference data sourced from Ultumus to enable additional data aggregations. The company also announced further client-driven enhancements to its Liquidity Cockpit in the form of a dedicated dashboard for analyzing SI volumes.
big xyt launched a website which provides access to annotated visual analysis of the fragmented European equity trading landscape leading up to and during 2018.
