About a-team Marketing Services

A-Team Insight Blogs

big xyt Introduces Real-time Data Analytics Service for European Trades

Subscribe to our newsletter

Hot on the heels of launching its Trade Explorer data analytics platform (a joint venture with JSE), big xyt, the independent provider of financial market data and analytics, has launched a new real-time data analytics service that provides a consistent and normalised dataset of European trades and EBBO (European Best Bid and Offer) benchmark prices.

The solution, developed in partnership with one of the world’s leading asset managers and utilising big xyt’s proprietary European consolidated tape, captures billions of messages daily, processes data at sub-second latency, and undergoes 500 intraday data quality checks each day. The service offers a range of pre-configured use cases, such as providing accurate intra-day market share and volume calculations.

Firms can view consolidated liquidity for any security, monitoring unexpected off-book trading activities, unusually large trades, pending trades, and sudden spikes in OTC volumes. Clients can access consistent pre-trade and post-trade data to support algorithmic trading strategies, and gain a deeper understanding of liquidity and trading conditions as they happen. Exchanges can also monitor liquidity by obtaining consolidated, same-day reports on market fragmentation.

Robin Mess, CEO and Co-founder at big xyt, commented: “We have established a strong reputation with leading buy-side firms as the ‘Golden Source’ for European securities data.  We are delighted to be able to take our proven data analytics expertise to the next level to meet growing industry demand for consolidated, normalised and real-time data analytics on European markets liquidity, particularly with respect to off-book volumes. Moving from overnight to real-time data processing reduces the complexity of market fragmentation in a cost-effective way, and will enhance the attractiveness of European markets to issuers and investors alike.”

With big xyt’s infrastructure co-located in major data centres, ensuring reliable, consistent and timely tick data capture from multiple real-time feeds, the new solution is designed to overcome the significant costs and technical challenges associated with real-time analytics due to the absence of a consolidated tape and reliable normalised data for European markets (particularly off-book volumes), as well as the complexities of maintaining analytics on multiple streams of raw source data and pre-trade metrics.

The real-time analytics feature is offered As-a-Service, accessible through web-based interfaces and APIs, and is now available across big xyt’s entire product suite, including the Liquidity Cockpit for equities and ETFs, and the Open TCA solution for execution analytics.

Subscribe to our newsletter

Related content


Recorded Webinar: The emerging structure of the institutional digital assets market

As interest in trading digital assets continues to increase among institutional investors, so too does the need to focus on market structure, regulation and trading solutions. For financial institutions that get it right the rewards will be significant, but it is not necessarily easy and the challenges are many. This webinar will consider how digital...


Driving Trading Innovation and Digitisation with Interoperability And Low Code/No Code Technologies

Interoperability and low code/no code technologies on the trading desk are increasingly recognised as modern approaches that contribute to building successful, agile trading platforms. So how can firms implement these technologies effectively to enhance the user experience and reap some real business benefits? And how do they foster a culture that supports the necessary innovation...


Data Management Summit New York City

Now in its 14th year the Data Management Summit NYC brings together the North American data management community to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.


Practicalities of Working with the Global LEI

This special report accompanies a webinar we held on the popular topic of The Practicalities of Working with the Global LEI, discussing the current thinking around best practices for entity identification and data management. You can register here to get immediate access to the Special Report.