About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Aquis Adds Market Structure Analytics via Big Xyt

Subscribe to our newsletter

Pan-European equities market Aquis Exchange is adding market structure analytics based on big xyt’s Liquidity Cockpit data analysis platform. Aquis will make the analytics available for use internally and by clients to power independent analysis of liquidity and market share.

According to Jonathan Clelland, COO, Aquis Exchange will use Liquidity Cockpit “to understand and develop our competitive position within the wider European landscape.” Authorised to operate multilateral trading facilities and regulated by the UK Financial Conduct Authority (FCA) and France’s Autorité des Marchés Financiers (AMF) – in the UK and in EU27, respectively – Aquis operates a lit order book and prohibits aggressive non-client proprietary trading.

Aquis’ approach is designed to reduce toxicity and signalling risk compared with other European trading venues. The venue uses a subscription pricing model, which charges users according to the message traffic they generate, rather than a percentage of the value of each stock that they trade.

Big xyt’s Liquidity Cockpit solution captures, normalises, collates and stores trade data before applying advanced techniques to drive execution analytics, and deliver a range of market overviews and individualised comparison reports to the team at Aquis Exchange.

Delivered through a custom API, Liquidity Cockpit will allow Aquis Exchange to query a vast data set which then can be personalised to its needs. All results are available for download and review using flexible, interactive dashboards.

Big xyt’s cloud-based data and analytics solutions allow trading and investment firms to process and normalise large data sets on demand and in real time, in order to comply with regulatory requirements and reduce the complexity of their operations. The company’s highly scalable data aggregation and consolidation capabilities allow buy- and sell-side firms to adopt a data-driven business model while providing actionable insights, and discovering alpha to maintain competitive advantage.

Trading venues, trading firms and independent service providers can apply their own business logic and data sets on the big xyt platform to quickly add analytics for their activities, including liquidity measures such as market share or depth of order book, as well as analytics around market impact.

Big xyt also supports an ecosystem for tick data analytics covering more than 120 trading venues globally. Its technology normalizes trade conditions of all venues allowing consistent aggregations of trading volumes. Big xyt’s analytics solutions are relevant for a broad range of use cases including strategy development, back testing and regulatory changes like MiFID II.

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: Leveraging interoperability: Laying the foundations for unique best-of-breed trading solutions

Date: 23 May 2024 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Interoperability on the trading desk promises more actionable insights, real-time decision making, faster workflows and reduced errors by ensuring data consistency across frequently used applications. But how can these promises be kept in an environment characterised by multiple applications...

BLOG

big xyt Partners with Baillie Gifford to Launch Portfolio Liquidity Analysis Solution for Dilution Levy Calculation

big xyt, the independent data and analytics solutions provider, has launched a new tool to automate the process of dilution. The Portfolio Liquidity Analysis solution, developed in collaboration with Baillie Gifford, is designed to enhance buy-side firms’ understanding of equity portfolio liquidity and to address the forthcoming industry guidance on the application of dilution levies....

EVENT

Buy AND Build: The Future of Capital Markets Technology, London

Buy AND Build: The Future of Capital Markets Technology London on September 19th at Marriott Hotel Canary Wharf London examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

Managing Valuations Data for Optimal Risk Management

The US corporate actions market has long been characterised as paper-based and manually intensive, but it seems that much progress is being made of late to tackle the lack of automation due to the introduction of four little letters: XBRL. According to a survey by the American Institute of Certified Public Accountants (AICPA) and standards...