The push for more substantial data capabilities and analytics solutions continues to drive innovation in 2018. This has led to an increased demand for smart data and analytics solutions from providers such as big xyt. Societe Generale Corporate & Investment Banking (SG CIB) has become the latest group to adopt big xyt’s Liquidity Cockpit.
Liquidity Cockpit is a widely used utility that helps provide a consolidated view across all European trading venue activity. This includes on- and off-exchange liquidity as well as over-the-counter (OTC) equities and Systematic Internaliser (SI) transactions.
Richard Hills, Global Co-Head of Cash Equity Execution, in Prime Services at Societe Generale Corporate & Investment Banking commented: “MiFID II has brought significant changes to European market structure and liquidity landscape. With big xyt’s web-based Liquidity Cockpit we are able to easily discover and monitor changes within the liquidity landscape and analyze the market quality of new and established venues.”
The decision by SG CIB to select big xyt’s Liquidity Cockpit will help the group garner a better perspective of the post-MiFID II liquidity landscape. The fragmented nature of the current liquidity landscape is a concern raised by many venues. Consequently, it is becoming important to understand the impact of all these changes in this space.
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Historically speaking, the decade in the trading community has necessitated a response as a result of a wide range of new regulations. This, in turn, has dictated and ultimately changed market structures and trading patterns including more block trading activity, and new initiatives launched by exchanges such as periodic auctions, and SIs.
big xyt’s Liquidity Cockpit will look to provide SG CIB’s clients with independent, normalized sight and analysis of granular tick data. Furthermore, the utility can also allow for a detailed overview of market share across all major European venues.
Amongst its many functions, the Liquidity Cockpit tracks all changes in trade conditions or execution venues, including Sis, while also applies custom measures such as Large in Scale (LIS) classified trades. This includes prediction methods for the impact of double volume caps.
“The growth of our client community continues to demonstrate how Liquidity Cockpit has become an essential tool in helping users quickly understand the dynamics of fragmented markets and thus optimize trading and execution performance,” explained Robin Mess, CEO at big xyt.