Pan-European equities and exchange traded fund (ETFs) exchange, Equiduct, has selected market data provider big xyt’s platform, Liquidity Cockpit, to provide its data analytics.
Launched four years ago, xyt’s flagship product provides an independent, consolidated view of trading activity to reflect the ongoing changes of market structure, along with an additional nine customised metrics.
Equiduct said it is already seeing the benefits to its market model in terms of demonstrating better and deeper liquidity, as well as monitoring the performance of the market.
“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 Matt Stupple, CTO at Equiduct.
He added, “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.”
Equiduct joins the ranks of other market participants including pan European exchange Aquis who joined the platform last year.
Richard Hills, Head of Client Engagement at big xyt, 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.”
©Markets Media Europe 2021