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

big xyt Addresses MiFID II Concerns with Liquidity Cockpit Dashboards

Subscribe to our newsletter

Analytics platform provider big xyt has added a set of dashboards to its Liquidity Cockpit that are aimed at discovering high-quality liquidity within the new MiFID II liquidity landscape. The additions take into account the mandatory Systematic Internaliser (SI) regime, introduced on September 1, 2018.

Users of the new visualisation dashboards are able to view and compare reported SI volumes, which can then be filtered by adjusted conditions or analysed by time, by region, or by symbol. Users can also adjust SI volumes and the range of enquiry options and filters available, giving them a more comprehensive view of total reported SI flow. This can facilitate comparisons with other market activity such as Large-in-Scale (LIS) trades and the impact of Double Volume Caps (DVCs) on liquidity dispersion over time.

According to big xyt CEO Robin Mess, the new dashboards are the result of a collaboration with clients and analysts keen to find liquidity in the MiFID II environment.

Mark Montgomery, director of strategy and business development at big xyt, says the dashboards’ capabilities are aimed in part at shedding light on ‘previously hidden trends [that] are emerging over the year since MiFID II was introduced. In particular, Systematic Internaliser volumes above and below Large in Scale look very different to the overall SI volume during 2018’.

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: How to move to a modern, component based trading architecture using a Buy AND Build approach

Date: 7 May 2026 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes To remain competitive in today’s electronic markets, firms need trading architectures that support rapid innovation, effortless integration of new capabilities, and the agility to respond to shifting market demands. This is prompting technology leaders to move beyond the traditional...

BLOG

Swap Data Was Supposed to Deliver Transparency. A Decade Later, Regulators Are Still Trying to Use It

For more than a decade, regulators have collected vast quantities of derivatives transaction data through swap data repositories (SDRs) mandated by post-crisis financial reforms. Yet despite the scale of these datasets, transforming reported trade data into meaningful supervisory insight has often proved more difficult than policymakers anticipated. A new Memorandum of Understanding (MOU) between the...

EVENT

TradingTech Summit New York

Our TradingTech Summit in New York is aimed at senior-level decision makers in trading technology, electronic execution, trading architecture and offers a day packed with insight from practitioners and from innovative suppliers happy to share their experiences in dealing with the enterprise challenges facing our marketplace.

GUIDE

Corporate Actions

Corporate actions has been a popular topic of discussion over the last few months, with the DTCC’s plans for XBRL and ISO interoperability, as well as the launch of Swift’s new self-testing service for corporate actions messaging, STaQS, among others. However, it has not been a good start to the year for many of the...