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Sunday, December 08, 2024

big xyt provides Liquidity Cockpit to Liquidnet for Execution Analysis

big xyt, an independent provider of high-volume smart data and data analytics, is pleased to announce that, Liquidnet EuropeLimited, have extended their use of the big xyt analytics Liquidity Cockpit platform to monitor execution quality of its products along with cross-checking market volumes.
big xyt are providing Liquidnet execution analysts with an interactive application to monitor market information via the Liquidity Cockpit dashboard. By using data science big xyt solutions capture, normalise, collate, and store trade data at a granularity that has not previously been available in the market.
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 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, says “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.”
The big xyt analytics solutions combine scalable analytics engines with highly interactive dashboards and API facilities; the Liquidity Cockpit dashboards provide an independent consolidated, normalised view of all major Regulated Markets, Multi-lateral Trading Facilities (MTF) and SIs. The data and detailed analysis big xyt provide is allowing exchanges, brokers, industry bodies, analysts and media to prove and compare execution quality, liquidity, spreads and costs in a truly like-for-like way.
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