Equiduct deploys big xyt’s data analytics for equity market structure

Equiduct has deployed big xyt’s Liquidity Cockpit which allows the pan-European equities and ETFs exchange to use the independent analytics solutions to showcase the unique strengths of their market model.

big xyt’s solutions will allow Equiduct to demonstrate better and deeper liquidity, as well as monitor the performance of the market and, ultimately, continue to improve their value proposition.

Liquidity Cockpit was implemented for security analytics, providing a consolidated view of trading activity to reflect the ongoing changes of market structure, along with an additional nine customized metrics.

Matt Stupple, CTO at Equiduct, commented: “The quality and breadth of the Liquidity Cockpit data analytics platform, along with the industry expertise and support they provide, has meant that we are using independent data to better understand the pan-European market landscape in which we operate.

“These insights enable us to demonstrate our competitive edge in a more pragmatic way, giving direct proof points to our clients and helping us attract more business to our trading venue.”

Richard Hills, Head of Client Engagement at big xyt, said: “We’re pleased to add Equiduct onto our growing list of international exchange clients, which is continued evidence of the market’s need for innovative data analytics solutions to deliver tangible benefits for the industry.

“Banks, asset managers, exchanges and market participants across the globe consistently rely on big xyt as an independent reference for equity market structure, illustrating our ability to deliver a strong and transparent platform to our clients.”

big xyt has onboarded several leading names within the industry along the years, including Cboe Europe Equities, Liquidnet, and Acquis Exchange.

The firm has recently hired top executive Philip Barnes as Managing Director, Head of Business Development in the Asia Pacific, to further expand the company’s position in the region.

Philip Barnes is an industry veteran with 25 years covering strategy, business development, and new business sales in the APAC region.

His network and experience in Asia are key in accelerating the firm’s growth in the region. Former executive positions include Managing Director for the Global Markets at Thomson Financial, Head of Sales at Sungard, Head of Sales at Fidessa, and Head of Global Derivatives Business Development at NYSE Euronext.