big xyt announces Cboe Europe Equities as Liquidity Cockpit customer to provide enhanced visibility over liquidity

Cboe is using Liquidity Cockpit to track execution quality and LIS trading activity in line with ESMA thresholds

chicago

big xyt, the independent provider of high-volume, smart data and analytics capabilities, today announced that Cboe Europe Equities (Cboe), the largest stock exchange in Europe by value traded, is using its Liquidity Cockpit, designed to give global trading and investment firms enhanced visibility over dark and lit liquidity, and the ability to navigate and analyse European market share across a market landscape in transition.

On 3 January 2018 MiFID II regulations come into force and the major impacts on European market structure will include the imposition of caps on the amount of trading that can take place on dark venues.

The market has already started to adapt to these changes as exchanges like Cboe introduce new trading services, such as Cboe LIS and its Periodic Auctions book in order for market participants to continue to trade in larger size with lower market impact.

Large in Scale (LIS) trading activity has accelerated in recent months, as has the use of new auction types like periodic auctions. Against this changing trading landscape, market participants now need to recognise LIS classified trades, track market share and navigate interactions across existing and new liquidity pools – both dark and lit.

The big xyt Liquidity Cockpit provides Cboe and its participants with a normalised view of granular tick data and overview of market share across all major European venues and the ability to act on changing market dynamics.

It keeps track of changes in trade conditions or execution venues, and applies custom measures such as LIS classified trades. Crucially the Liquidity Cockpit can predict the impact of dark volume caps.

Alex Dalley, Co-Head of Sales, Cboe Europe Equities said: “MiFID II will bring significant changes to European market structure and, consequently, the European liquidity landscape. By utilising big xyt’s Liquidity Cockpit, we are able to analyse the market quality of the new liquidity venues that have developed in response to MiFID II. We welcome the innovation that big xyt brings to the market and look forward to working with them.”

Robin Mess, CEO at big xyt, said: “We are delighted that Cboe has chosen Liquidity Cockpit to provide them with an independent, consolidated view of pan-European trading activity reflecting essential changes in market structure like the growth of block trading or new auction types. We continue to work closely with the trading community to deliver solutions to optimise trading and execution performance through January 2018 and beyond.”

Read this next

Digital Assets

SEC bypassed commission vote in approving Ethereum ETFs

The Securities and Exchange Commission’s (SEC) Trading and Markets Division has approved several spot Ethereum exchange-traded funds (ETFs) using delegated authority, rather than a vote by the full commission.

blockdag

BlockDAG Presale Draws Massive $32.4M Hinting At its 30,000x ROI Potential, Overshadowing Retik Finance at Bitmart

Learn why BlockDAG’s innovative strategies and $32.4M presale success are making millionaires, overshadowing Retik Finance’s struggle on Bitmart.

Institutional FX

Malaysia’s exchange launches API for onboarding retail investors

“The Exchange actively listens to the evolving needs of our customers. This initiative is key in delivering on our commitment towards greater customer-centricity. We will continue to work closely with our POs and introduce service innovations to attract more investors, bolstering the competitiveness of our market.”

Fintech, Uncategorized

LiquidityBook welcomes JonesTrading to LBX Post-Trade Hub

“As we near the T+1 deadline, we are excited to continue helping firms achieve straight-through processing in addition to delivering new enhancements to our comprehensive range of cloud-native buy- and sell-side trading solutions.”

blockdag

Should I Invest Today? Which Altcoins Could Make 2-5X Profits Amid the Latest News?

Investing in cryptocurrencies can be a journey full of surprises, given their volatile nature.

Executive Moves

Bakkt promotes Ray Kamrath to CCO of Crypto

Bakkt has promoted Ray Kamrath to Chief Commercial Officer of the company providing custody, trading, and onramps to the crypto space.

Industry News, Uncategorized

HSBC relocates US headquarters to The Spiral, New York

HSBC has opened its new U.S. headquarters at The Spiral, a renowned office building in New York City’s Hudson Yards neighborhood.

blockdag

Best Cryptos to Buy Before the Real Bull Run Kicks Off

With the bull run of 2024 already underway, investors are eager to identify cryptocurrencies that promise significant growth.

Market News

This time is different – is it?

The stock market wants lower interest rates – or rather, it has been expecting them for months. Justified? The US economy looks very robust, so higher interest rates would actually be the order of the day.

<