Selected by the European financial group to showcase execution quality for their clients
London, Luxembourg, 9th June 2020 – big xyt, the independent provider of market data analytics, is pleased to announce that Societe Generale Luxembourg, the multi specialist bank, has implemented their award-winning Execution Analytics to provide sophisticated trading performance analytics to their clients, and enhance their ability to act on changing market dynamics.
big xyt’s analytics platform, transforming TCA with data science, provides Societe Generale Luxembourg with the latest innovation in smart data analytics in the drive towards continually targeting reduced transaction costs. Leveraging big xyt’s highly granular consolidated view of the marketplace allows Societe Generale Luxembourg to measure and benchmark their executions and positively differentiate from their peers.
“We are delighted to be adding Societe Generale Luxembourg to our portfolio of buy-side clients who have the seen the value in our flexible and independent offering” said Mark Montgomery, Head of Strategy and Business Development at big xyt. “This initiative enables both firms to collaborate on the integration of new methodologies, creating a better understanding of the complexity of Societe Generale Luxembourg’s interactions in a constantly evolving landscape.”
About big xyt
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 buy-side and sell-side 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.