Smart data and execution analytics solutions provider big xyt has been selected by Cowen Execution Services Limited (CESL) to strengthen the latter’s European equities trading platform.
CESL, a trading platform and wholly-owned subsidiary of financial services firm Cowen Inc, partnered with big xyt to utilise its normalised data offering that leverages domain experience in setting up, running and maintaining data and analytics environments.
In addition, big xyt will provide a combination of granular metrics and bespoke Liquidity Cockpit dashboards to access and communicate complex market structure changes to support CESL’s navigation of the European equities markets.
This will allow CESL to benefit from improved market structure visibility and access to unique liquidity opportunities for its clients.
Commenting on the partnership, James Baugh, head of European market structure at Cowen, says: “We are delighted to partner with big xyt and benefit from access to its quality data analytics and visualisation tools.
“The enhanced visibility of the marketplace enables us to provide unique liquidity opportunities for our clients, which is key to supporting our rapidly expanding European equity execution business.”
Mark Montgomery, head of business development at big xyt, adds: “We are pleased to add CESL to our growing list of international sell-side clients, which is continued evidence of the market’s need for innovative data analytics solutions to deliver tangible benefits for the industry.
“Banks, asset managers, exchanges and market participants across the globe consistently rely on big xyt as an independent reference for equity market structure. Furthermore, James’ well-recognised expertise in market structure enabled us to collaborate to provide Cowen access to unique insights for their clients.”
Last month, Cowen launched Cowen Digital, a digital asset division offering full-service trade execution and custody solutions to institutional investors.
