Big xyt has added a double volume cap (DVC) dashboard to its Liquidity Cockpit to allow clients to understand where volume migrates when the DVCs change.
The big xyt Liquidity Cockpit is a data analytics tool for exchanges, sell-side and increasingly buy-side market participants, provided via interactive dashboards and direct access to the underlying data and analysis.
This new dashboard has been created to respond to The European Security and Markets Authority (ESMA) updates to DVC calculations under the Markets in Financial Instruments Directive.
The latest ESMA announcement delivers updates to data and calculations for the period of 1 August 2017 to 31 July 2018.
With respect to DVCs, the dashboard is able to examine the change at each of the seven review dates, see patterns of liquidity shifts for suspended and for lifted stocks and investigate the impact by trade category.
The dashboard is also able to understand the impact across regions and indices and review individual stocks.
Mark Montgomery, business strategist at big xyt, said “We take great pride in providing solutions to the complex challenges of data analysis. Navigating in fragmented markets remains a challenge for all participants.”
He added: “We recognise that the investing community needs and expects continued innovation as the volume of data and related complexity continues to increase.”
Robin Mess, CEO of big xyt commented: “We are proud that the big xyt team was able to respond to the most recent changes in DVCs in less than a week.”
He added: “This new enhancement demonstrates that the trading community can rely on our core capability instantaneously converting new requirements into solutions on the ever-changing equity market structure.”
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