big xyt announced on Wednesday that pan-European equities and ETFs exchange, Equiduct, has tapped the services of its Liquidity Cockpit, which is its flagship product for security analytics.
Liquidity Connect provides a consolidated view of the trading activity to reflect the ongoing changes in market structure.
The implementation of the analytics solution into the exchange infrastructure has already been completed. The analytics implementation will enable Equiduct with insights into the pan-European liquidity landscape, thus improving the execution quality. The exchange also received additional nine customized metrics.
“The quality and breadth of the Liquidity Cockpit data analytics platform, along with the industry expertise and support they provide, has meant that we are using independent data to better understand the pan-European market landscape in which we operate,” said Equiduct Chief Technology Officer, Matt Stupple.
“These insights enable us to demonstrate our competitive edge in a more pragmatic way, giving direct proof points to our clients and helping us attract more business to our trading venue.”
There Is a Massive Demand for Analytics Services
big xyt has clients across exchanges, market makers, sell and buy-side firms using its analytics products. Its analytics platform is being used by names like Societe Generale and Aquis Exchange, among others.
Richard Hills, big xyt’s Head of Client Engagement, said: “We’re pleased to add Equiduct onto our growing list of international exchange clients, which is continued evidence of the market’s need for innovative data analytics solutions to deliver tangible benefits for the industry.”
“Banks, asset managers, exchanges and market participants across the globe consistently rely on big xyt as an independent reference for equity market structure, illustrating our ability to deliver a strong and transparent platform to our clients.”
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