Kepler Cheuvreux, a European financial services firm specialising in research, has implemented big xyt’s execution analytics including transaction cost analysis (TCA).
big xyt’s executive analysis supports essential TCA requirements such as benchmarking trades and orders for best execution, compliance and client reporting, as well as full application programme interface (API) access to quantitative analytics functions for exchanges and sell-side and buy-side analysts.
The platform, which is delivered via a custom API, enables Kepler Cheuvreux to add their own proprietary data layer, including their trade and order history. According to big xyt, all results are then available for download or review using the flexible interactive dashboards in addition to the API.
Big xyt explained that being able to immediately access normalised data in order to apply standard and custom benchmarks brings cost and time-saving benefits to firms in several areas including sales activity, workflow optimisation, compliance, plus best execution and broker review.
Dan Amara, head of trading expert at Kepler Cheuvreux, commented: “While TCA benchmarking calculations have not radically changed, the technology has and we require increasing levels of flexibility to benchmark our own in-house analytics with an independent smart market source and big xyt can deliver on that.”
Mark Montgomery, head of strategy and business development at big xyt, said: “Our technology and focus enable us to move beyond traditional TCA and provide Kepler Cheuvreux with the ability to integrate their own data with our consolidated view.”
