Liquidnet Europe has extended its use of the big xyt analytics Liquidity Cockpit platform to monitor execution quality of its products along with cross-checking market volumes, according to a press release.
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.
Joe Fields, Execution Analyst, Global Execution & Quantitative Services at Liquidnet commented:
“It is important that we are able to validate venue quality and ultimately deliver the best execution to our clients. Big xyt provides support with their complex market analysis capabilities.”
Mark Montgomery, Head of Strategy and Business Development at Big XYT, said:
“We are delighted to be able to provide Liquidnet with the ability to interrogate and assess a consolidated view of their market position. Recognising the benefit of outsourced independent, complex data analysis has freed up additional internal resources to concentrate on client focussed initiatives.”