Big xyt has introduced transaction cost analysis (TCA) to its analytics platform.
The big xyt analytics solutions combine analytics engines with interactive dashboards to provide a consolidated, normalised view of major regulated markets, multilateral trading facilities and system internalisers.
The solutions include dashboard and application programming interface solutions which allow clients to add their own proprietary data layer, including their trade history.
Clients are able to interrogate the information utilising an automated ad-hoc reporting facility or integrating this into their own internal applications for analysis such as broker review, sales, workflow optimisation as well as compliance and best execution.
The data and detailed analysis provided by big xyt allows exchanges, brokers, industry bodies, analysts and media to prove and compare execution quality, liquidity, spreads and costs.
Robin Mess, CEO of big xyt, said: “Working with our clients has enabled us to evolve our offering to include TCA. The normalised data we provide enables them to analyse the data allowing them to see the full picture and make fully informed comparisons. We are delighted to see them quickly benefitting from our unique analytics approach and the flexibility of the output.”
Mark Montgomery, head of strategy and business development, commented: “We are effectively delivering data analytics as a service applied to TCA, enabling firms to ask themselves whether they are applying the right benchmarks and right trading strategies.”
