Via cloud-based technologies, featuring Data-as-a-Service and Analytics-as-a-Service functionalities, trading firms are able to consume, analyze and visualize all the data they require.big xyt, a provider of high-volume, smart data and analytics capabilities, has launched liquidity metrics for ETFs with new navigation tools enriched with reference data from Ultumus, the specialist distributor of ETF composition data.
The new product, 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.
Integrating global daily ETF data from Ultumus helps exchanges, issuers, brokers, and investors, observe the ETF marketplace from a unique perspective as the volume of data and related complexity continues to increase.
The new ETF Liquidity Cockpit introduces market quality measures for more than 7500 listings in Europe, ETF liquidity comparisons across issuers, benchmarks and venues, time-weighted spreads, effective spreads for several sizes (up to 100kEUR), and easy navigation using reference data from Ultumus,
Mark Montgomery, Business Strategist at big xyt, commented: “This enhancement to our Liquidity Cockpit suite of solutions to include ETFs follows our recent addition of a Double Volume Cap (DVC) dashboard and demonstrates the ability of our team to innovate to meet the needs of our clients.”
Jon Parsons, COO at Ultumus, added: “big xyt has successfully delivered clear transparency on European cross-border Exchange Traded Fund (ETF) liquidity through consolidated reporting of bid/offer spreads and volumes. It is clear that spreads vary widely throughout the spectrum of European exchanges and cause ETF liquidity fragmentation which can result in a challenging execution environment for investors. big xyt provides investors with the insight to enable efficient trading which is secured through transparency of the tightest spreads across all European listings.”
Robin Mess, CEO of big xyt, said: “All our product enhancements are as a result of extensive discussions with clients and potential users about their requirements and we take great pride in providing solutions to their challenges.”
