The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

SIX Swiss Exchange Joins big xyt Hub for Tick Data Distribution

big xyt has added SIX Swiss Exchange to its xyt hub for tick data distribution and analytics. The hub was introduced earlier this month with Bats signed up as its first exchange partner. SIX Swiss Exchange becomes the second and will offer tick data to its trading participants, enabling them to develop, evaluate and backtest new trading and execution strategies.

The xyt hub is connected to more than 100 trading venues through a partnership with Activ Financial and provides a single application programming interface (API), enabling traders to integrate tick data and analytics conveniently and cost effectively. It incorporates cloud based Data-as-a-Service and Analytics-as-a-Service functionalities allowing firms to consume, analyse and visualise all the data they need.

SIX Swiss Exchange’s connection to the xyt hub supports delivery of full market depth datasets to its trading participants for use cases including analytics, backtesting and best execution.

Marc Berthoud, head of data strategy at SIX Swiss Exchange, explains: “SIX Swiss Exchange operates the reference market for Swiss equities. We consider that consistent order book quality measurement represents a fundamental contribution to market transparency. big xyt services will help brokers, algorithmic traders and buy-side firms build a strong view of liquidity pooling efficiency. Our trading partners will also gain access to off-the-shelf advanced analytics.”

Related content

WEBINAR

Recorded Webinar: Approaches to migrating market data to the cloud to drive agility in trading operations

Market data in the cloud is an attractive proposition in terms of reducing the cost of on premise servers and storage, and moving into a more agile and flexible data delivery environment. It is also well suited to working from home, the fall-back of many financial institutions during lockdowns caused by the coronavirus pandemic. But...

BLOG

Glue42 Teams with Cloud9 to Integrate Voice Trading into Desktop Applications

London-based desktop automation specialist Glue42 has partnered with voice communication and analytics provider Cloud9 Technologies to deliver a full suite of voice trading capabilities to the institutional marketplace. The partnership aims to provide users with remote access to all trading floor connectivity and services, as well as secure access to voice data, counterparties and regulatory...

EVENT

RegTech Summit Virtual

The RegTech Summit Virtual is a global online event that will be held in June 2021 with an exceptional guest speaker line up of RegTech practitioners, regulators, start-ups and solution providers to collaborate and discuss innovative and effective approaches for building a better regulatory environment.

GUIDE

The Data Management Implications of Solvency II

This special report accompanies a webinar we held on the popular topic of The Data Management Implications of Solvency II, discussing the data implications for asset managers and their custodians and asset servicers. You can register here to get immediate access to the Special Report.