“At big xyt we realised that this information resides in our databases and that we could make it available as a free resource to the financial community to complement our analytics services.”
big xyt has launched the Global Exchanges Directory to provide key information on 97 worldwide stock exchanges and alternative trading venues in seven regional categories.
The provider of smart data and analytics solutions designed the directory to address the problem of ever increasing complexity for market professionals who regularly use the global markets, the Global Exchanges Directory helps traders and others working in the financial markets to better understand the local market structure.
Users can easily navigate the mosaic of different time zones, trading calendars and market timings that they need to know on a daily basis, by way of an interactive world atlas.
The directory includes highlights of the primary and alternative trading venues by country, together with their ISO MIC codes, venue type, trading currency, time zone, daylight savings period, exchange trading hours, and calendar of holidays.
bing xyt plans to add market statistics such as average daily volumes, delivered to the directory through a direct feed from big xyt, a blog, a news section, the ability to download important holidays to add to calendars, and the addition of more trading venues.
The project was conducted in collaboration with students from Cambridge University through their Cambridge Consulting Network (CCN), which executed a feasibility study and established the core requirements for the service.
Richard Hills, Head of Client Engagement at big xyt, commented: “With so many trading venues around the world, it’s difficult to keep track of the constantly evolving market structure. This is particularly true when you are trading baskets outside of your domestic region. At big xyt we realised that this information resides in our databases and that we could make it available as a free resource to the financial community to complement our analytics services. By gathering the data into a single, easy to navigate website, we can save people from trawling through the internet to find the information they need.
“It was great to work on the project with the students from the CCN, who represented an extraordinary diversity of international knowledge. There was considerable legwork required to collate the initial core data and I would like to thank the team for their input and assistance. We’re very proud of what we’ve been able to deliver, and believe it will be an important resource for many members of the trading and investment community for many years to come.”
This data is essential for trading firms and any process relying on tick data analytics, is easy to navigate and locate quickly, and is grouped by region and country.
The directory complements big xyt’s flagship product, the Liquidity Cockpit, which provides trading firms, brokers and exchanges with security metrics for all listed products for equities, ETFs, Futures and Options, across all major trading venues globally.