Steubing AG, the German independent securities trading bank, has appointed capital markets data analytics firm xyt to provide its next-generation Transaction Cost Analysis (TCA). The decision follows a comprehensive evaluation and successful proof of concept, where xyt was chosen for its data quality regarding addressable volume and its ability to provide flexible benchmarking.
Under the new partnership, Steubing AG will integrate xyt’s analytics across its diverse trading activities, covering bonds, certificates, warrants, and listed stocks. The platform will provide pre-trade cost estimates for single stocks and portfolio baskets via API, alongside customised TCA reporting for institutional clients. This integration is designed to support the bank’s Integrated Orderflow Management (IOM) and Designated Sponsoring services.
By adopting xyt for TCA, Steubing AG aims to improve execution quality analysis and market impact measurement, and deliver higher levels of transparency to its institutional client base through more precise data insights and professional customer service.
Subscribe to our newsletter
