The new report, named the European Equities LiquidityMatrix, provides trading and investment firms with a view of market share trends across all major European equity venues and execution channels.
It includes information of systematic internalisers (SIs), periodic auction books and large in scale (LiS) venues.
According to TABB, the report enables transparency for trading and investment firms in accordance with the second Markets in Financial Instruments Directive (MiFID II) regulation.
The report uses liquidity analytics from big xyt’s Liquidity Cockpit, a cloud-based platform that offers a view of trading data across European markets.
LiquidityMatrix’s capabilities include an interactive dashboard, with instant analytics and visualisation tools.
TABB currently produces US equities and US options LiquidityMatrix reports, but this is the first LiquidityMatrix report for the European equities market.
Tim Cave, analyst at TABB Group, said: “We believe market participants will highly value independently produced insights that track volumes as they shift under MiFID II. big xyt offers independent, unbiased, high-quality and fully transparent analytics that are very granular across execution channels.”
Robin Mess, CEO at big xyt, commented: “We are proud to contribute our analytics capabilities and solutions to TABB, allowing analysts to extract crucial information so they can provide unparalleled insight to the market.”