big xyt launches Liquidity Cockpit for ETFs

big xyt - press release

big xyt launches Liquidity Cockpit for ETFs

New analytics platform creates navigation tool for fragmented Exchange Traded Funds markets

London, Frankfurt, 26th September 2018. big xyt, the independent provider of high-volume, smart data and analytics capabilities is pleased to announce the launch of the ETF Liquidity Cockpit introducing liquidity metrics for ETFs with new navigation tools enriched with reference data from Ultumus, the specialist distributor of ETF composition data.

The new ETF Liquidity Cockpit maintains the flexible access offered with existing Equity dashboards and includes key metrics for market share and market quality. The ETF Liquidity Cockpit further integrates reference data sourced from Ultumus to enable additional data aggregations.

big xyt are integrating global daily ETF data from Ultumus into the ETF Liquidity Cockpit, providing the investing community with the continued innovation it needs and expects, as the volume of data and related complexity continues to increase. As a result, exchanges, issuers, brokers and investors can observe the ETF marketplace from a unique perspective.

Liquidity Cockpit is an independent tool delivered via highly interactive dashboards with rich options for filtering and drill-downs as well as direct access to underlying data and analysis through CSV, and various APIs.

The new ETF Liquidity Cockpit introduces:

  • Market quality measures for more than 7500 listings in Europe
  • ETF liquidity comparisons across issuers, benchmarks and venues
  • Time-weighted spreads
  • Effective spreads for several sizes (up to 100kEUR)
  • Easy navigation using reference data from Ultumus

Mark Montgomery, Business Strategist at big xyt, commented, “This enhancement to our Liquidity Cockpit suite of solutions to include ETFs follows our recent addition of a Double Volume Cap (DVC) dashboard and demonstrates the ability of our team to innovate to meet the needs of our clients.”

Jon Parsons, COO at Ultumus said “big xyt has successfully delivered clear transparency on European cross border Exchange Traded Fund (ETF) liquidity through consolidated reporting of bid/offer spreads and volumes. It is clear that spreads vary widely throughout the spectrum of European exchanges and cause ETF liquidity fragmentation which can result in a challenging execution environment for investors.” He continued, “big xyt provides investors with the insight to enable efficient trading which is secured through transparency of the tightest spreads across all European listings.”

Robin Mess CEO of big xyt added, “All our product enhancements are as a result of extensive discussions with clients and potential users about their requirements and we take great pride in providing solutions to their challenges.”

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About big xyt – a client of The Realization Group

big xyt provides independent smart data and analytics solutions to the global trading and investment community, enabling firms to process and normalise large data sets on demand and in real time, in order to comply with regulatory requirements and reduce the complexity of their operations.

The seamless and highly scalable integration of big xyt data aggregation and consolidation capabilities allows buyside and sellside firms to transform into a data-driven business while the innovative analytics capabilities enable them to gain actionable insights, discover alpha and maintain a competitive advantage.

Connecting quickly and easily to our cloud-based platform via APIs, trading firms, ISVs and trading venues can use their own business logic and data sets on our platform to leverage analytics for their business, including liquidity measures such as market share or depth of order book, as well as analytics around market impact. New logic can be incorporated in as little as 24 hours.

big xyt has created an ecosystem for tick data analytics covering more than 120 trading venues globally. Its technology normalizes trade conditions of all venues allowing consistent aggregations of trading volumes. big xyt’s analytics solutions are relevant for a broad range of use cases including strategy development, back testing and regulatory changes like MiFID II. The platform offers a convenient and interactive user interface that allows users to discover relevant information quickly.

Delivered as a web service, the big xyt solution requires no technical integration.

big xyt was founded by a team of experts combining more than five decades of experience in risk management, regulatory and financial reporting, analytics solutions arising from regulatory requirements, e.g. MiFID II, and engineering for data management and analytics. The team of seven founders has been working together since 2005 and in 2014 they formally formed big xyt to continue and expand this work.

For more information visit www.big-xyt.com or follow us on Twitter @bigxyt

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About Ultumus

ULTUMUS has drawn together a wealth of talent from the benchmark data vendor space and delta one trading arena, to provide a comprehensive data service delivering the highest quality ETF and Index data across all asset classes. Our client bases extends across the sell/buy-side, liquidity providers and exchanges, all impacted by benchmark data.

For further details see www.ultumus.com