big xyt

Liquidnet Deploys big xyt’s Platform for Execution Analysis

Liquidity CockpitLiquidnet 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.”

big xyt, an independent provider of high-volume smart data and data analytics, combined scalable analytics engines with highly interactive dashboards and API facilities to give birth to Liquidity Cockpit. The platform provides an independent consolidated, normalized view of all major Regulated Markets, Multi-lateral Trading Facilities (MTF) and SIs, which allows market participants to compare execution quality, liquidity, spreads, and costs.
In May 2019, big xyt extended its platform to include Transaction Cost Analysis (TCA) as the trading industry increasingly recognizes post-trade TCA as a crucial business function. The company chose to transform the traditional view of TCA with data science by applying advanced techniques to increase quality and deliver flexible consolidated data views.
big xyt also launched a website which provides access to annotated visual analysis of the fragmented European equity trading landscape leading up to and during 2018
LiquidNet, the global institutional investment network has recently secured top Fidelity executive Brian Conroy as its newest President. In 2018, the firm launched Best Ex Replay, the newest addition to its Virtual High Touch suite which is powered by data and analytics from OTAS Technologies. The solution is a memory tool as it enables traders to recall precise market conditions to explain the context of execution decisions as well as investigate orders that experienced exceptional market conditions.