big xyt Launches Platform to Provide Visibility on Market Dynamics

Monday, 28/01/2019 | 09:33 GMT by Arnab Shome
  • The platform will provide a view on fragmented European equity trading landscape.
big xyt Launches Platform to Provide Visibility on Market Dynamics
Bloomberg

The provider of high-volume smart data and Analytics big xyt has announced the launch of a new platform - 250days.com - to provide visibility on the market dynamics of the European equity trading.

The platform was launched amid massive market demand and is based on Liquidity Cockpit, the firm’s proprietary platform to provide a consolidated view across all European trading venue activity. After its launch in 2017, major firms like CBOE Europe Equities and Societe Generale partnered with big xyt to leverage its Liquidity Cockpit for visibility over dark and lit liquidity.

Commenting on the development, Mark Montgomery, head of strategy and business development at big xyt, said: “Following the interest, we received from our Twelve Days of Trading series, we have created a new environment telling the story of 2018 including the impact of MiFID II and emerging trends.”

“Allowing for weekends and holidays, there are approximately 250 trading days each calendar year. Looking at a single day in isolation is only one page in a story. It is only when we combine the pages and chapters that the full narrative emerges,” he added.

According to the announcement, the new platform will be complementary to the existing customers of the company. The platform will support a range of Liquidity Cockpit dashboards including the liquidity trends of the market.

Extending Support

In addition, the company is planning to extend the metrics to include block trading volumes, systematic internalizers, impact of double volume caps, equity spreads, and ETF spreads.

“Celebrating our 5th year as an independent provider of analytics we take great pride in providing solutions to the complex challenges of data analysis. Navigating in fragmented markets remains a challenge for all participants,” said Robin Mess, CEO at big xyt. “We recognize that the investing community needs information analysis, in an easily digested format, to support a rapidly growing number of use cases, and expects continued innovation as the volume of data and related complexity continues to increase.”

The provider of high-volume smart data and Analytics big xyt has announced the launch of a new platform - 250days.com - to provide visibility on the market dynamics of the European equity trading.

The platform was launched amid massive market demand and is based on Liquidity Cockpit, the firm’s proprietary platform to provide a consolidated view across all European trading venue activity. After its launch in 2017, major firms like CBOE Europe Equities and Societe Generale partnered with big xyt to leverage its Liquidity Cockpit for visibility over dark and lit liquidity.

Commenting on the development, Mark Montgomery, head of strategy and business development at big xyt, said: “Following the interest, we received from our Twelve Days of Trading series, we have created a new environment telling the story of 2018 including the impact of MiFID II and emerging trends.”

“Allowing for weekends and holidays, there are approximately 250 trading days each calendar year. Looking at a single day in isolation is only one page in a story. It is only when we combine the pages and chapters that the full narrative emerges,” he added.

According to the announcement, the new platform will be complementary to the existing customers of the company. The platform will support a range of Liquidity Cockpit dashboards including the liquidity trends of the market.

Extending Support

In addition, the company is planning to extend the metrics to include block trading volumes, systematic internalizers, impact of double volume caps, equity spreads, and ETF spreads.

“Celebrating our 5th year as an independent provider of analytics we take great pride in providing solutions to the complex challenges of data analysis. Navigating in fragmented markets remains a challenge for all participants,” said Robin Mess, CEO at big xyt. “We recognize that the investing community needs information analysis, in an easily digested format, to support a rapidly growing number of use cases, and expects continued innovation as the volume of data and related complexity continues to increase.”

About the Author: Arnab Shome
Arnab Shome
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About the Author: Arnab Shome
Arnab is an electronics engineer-turned-financial editor. He entered the industry covering the cryptocurrency market for Finance Magnates and later expanded his reach to forex as well. He is passionate about the changing regulatory landscape on financial markets and keenly follows the disruptions in the industry with new-age technologies.
  • 6568 Articles
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