Liquidnet Europe has broadened its implementation of big xyt’s Liquidity Cockpit analytics platform.
As an independent provider of data analytics solutions, big xyt administers a variety of products and services to Liquidnet, including the cross-check of market volumes and monitoring of market information.
Furthermore, Liquidnet will be able to “capture, normalise, collate, and store” trade data of regulated markets, multilateral trading facilities and systematic internalisers.
The collaboration will also allow Liquidnet to compare quality, liquidity, spreads and costs to ensure maximum efficiency.
Mark Montgomery, head of strategy and business development at big xyt, commented: “We are delighted to be able to provide Liquidnet with the ability to interrogate and assess a consolidated view of their market position.”
“Recognising the benefit of outsourced independent, complex data analytics has freed up additional internal resources to concentrate on client focused initiatives.”
Joe Fields, executive analyst, global execution and quantitative services, at Liquidnet, added: “It is important that we are able to validate venue quality and ultimately deliver best execution to our clients.”
