A-Team Insight Blogs

big xyt Extends Analytics Platform to Include TCA Functionality

Share article

Following consultation with clients, independent data analytics provider big xyt has added Transaction Cost Analysis (TCA) to its platform. The company’s aim is to apply analytics to create a consolidated view of a fully automated trading environment that traders can access to assess trends.

big xyt solutions specialise in normalising and storing trade data. Using an automated reporting facility, or their own internal applications, clients can interrogate information for analyses such as broker review, sales, workflow optimisation, compliance and best execution.

Although TCA benchmarking calculations have not changed drastically over the years, there are growing market requests for transparency regarding how they are calculated and what they mean. big xyt has supported market makers through back-testing on its analytics platform, and is now leveraging its back-testing capabilities to serve clients searching for more transparency around TCA benchmark calculations, such as Volume Weighted Average Price (VWAP).

Robin Mess, CEO at big xyt, says: “What the community is seeking to understand is how VWAP is being calculated and which conditions code is being used. It also wants to decide based on its smart order routers or business which condition code should be used in the VWAP, just to make sure that it’s comparing executions against the right benchmarks. That means the community is asking for more transparency about not only aggregation, but also about the filters and datasets being used.”

Leave a comment

Your email address will not be published. Required fields are marked *

*

Related content

WEBINAR

Recorded Webinar: How to exploit the opportunities of alternative data

Alternative data is emerging as a key component of buy-side firms’ efforts to seek out new investment opportunities, for many filling the gap left by the unbundling of sell-side research from execution. By tapping into unique, non-traditional data sets, hedge funds and quantitative fund managers hope to exploit unfound opportunities before they hit the mainstream....

BLOG

FactSet Details Plans to Further Extend its Open:FactSet Marketplace through 2019

FactSet is cracking on with its Open:FactSet Marketplace, most recently adding investment signal data from IHS Markit and solutions to complement the datasets on the platform. Through 2019, the company plans to add ‘any high-quality dataset relevant to the financial community’, including core data from large data vendors, as well as more alternative datasets from...

GUIDE

A-Team Group’s Valuations Vendor Directory 2009

An indispensable guide to valuations professionals seeking providers of services in the asset valuations market. A-Team Group’s latest release in its series of directories – available for FREE download – focuses on vendors of valuations data, models and analytics. But this is not just another list of firms with their telephone numbers – you can get that...