big xyt launches real-time data analytics for understanding European market liquidity

Rick Steves

Transitioning from overnight to real-time data processing not only streamlines the market fragmentation but also positions European markets attractively to both issuers and investors, by offering cost-effective solutions.

big xyt, a leading independent provider of data and analytics solutions, has unveiled its innovative real-time data analytics service, a first-of-its-kind offering that promises high-quality, normalized datasets of European trades alongside the European Best Bid and Offer (EBBO) benchmark prices.

This cutting-edge solution, co-developed with one of the world’s foremost asset managers, utilizes big xyt’s unique European consolidated tape.

Impressively, the system processes billions of messages daily in under a second, ensuring accuracy with 500 intraday data quality checks. The platform provides a suite of ready-made applications for the trading and investment sectors, such as dependable intra-day market share and volume assessments.

Consolidated view of liquidity for securities, from stocks to ETPs

The service offers trading entities a consolidated view of liquidity for securities, from stocks to ETPs. This includes monitoring unusual off-book activities, tracking large-scale trades, observing pending trades, and noting sudden spikes in OTC volumes.

Investors benefit from immediate and reliable pre and post-trade insights, enhancing their understanding of market liquidity and real-time trading conditions. Furthermore, exchanges can receive same-day comprehensive reports on market splits, facilitating liquidity monitoring and keeping participants informed.

Transitioning from overnight to real-time data processing not only streamlines the market fragmentation but also positions European markets attractively to both issuers and investors, by offering cost-effective solutions.

real-time analytics across big xyt’s diverse product lineup

Historically, the journey towards real-time analytics was hamstrung by cost and technical constraints, exacerbated by the absence of consistent and reliable data, especially regarding pre-trade metrics.

Addressing these challenges, big xyt’s offering is provisioned As-a-Service, ensuring effortless access through web interfaces and APIs, thus mitigating resource, time, and cost burdens. With a presence in major data centres, big xyt captures data seamlessly from multiple real-time feeds. Its bespoke technology infrastructure guarantees impeccable data quality and resilience, even during volume surges.

Clients can now explore real-time analytics across big xyt’s diverse product lineup, which includes the Liquidity Cockpit for equities and ETFs and the Open TCA solution tailored for execution analytics.

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