Market data analytics provider big xyt has announced that Equiduct, the pan-European equities and ETFs exchange, has implemented big xyt’s Liquidity Cockpit to gain new insights into the pan-European liquidity landscape and the quality of execution achieved via Equiduct’s Apex service.

The project implementation was recently completed and already Equiduct noted that it is seeing the benefits. big xyt’s completely independent data analytics enables Equiduct to showcase the unique strengths of their market model, where they can demonstrate better and deeper liquidity, as well as monitor the performance of the market and ultimately continue to improve their value proposition.

The project scope included the delivery of the Liquidity Cockpit, big xyt’s flagship product for security analytics, which provides an independent, consolidated view of trading activity to reflect the ongoing changes of market structure, along with an additional nine customised metrics.

Matt Stupple, CTO at Equiduct, commented:

“The quality and breadth of the Liquidity Cockpit data analytics platform, along with the industry expertise and support they provide, has meant that we are using independent data to better understand the pan-European market landscape in which we operate. These insights enable us to demonstrate our competitive edge in a more pragmatic way, giving direct proof points to our clients and helping us attract more business to our trading venue.”

Richard Hills, Head of Client Engagement at big xyt, said:

“We’re pleased to add Equiduct onto our growing list of international exchange 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, illustrating our ability to deliver a strong and transparent platform to our clients.”