Equiduct latest exchange to implement big xyt Liquidity Cockpit

Aim is to help users gain better insight into the pan-European liquidity landscape and quality of execution.

Pan-European equities and exchange traded fund (ETFs) exchange, Equiduct, has selected market data provider big xyt’s flagship platform, Liquidity Cockpit, to provide its data analytics.

Originally launched in 2017, big xyt’s Liquidity Cockpit offers a consolidated view of trading activity in the market, providing insights into liquidity, changing market structure, and other customised benchmarks.

“The quality and breadth of the Liquidity Cockpit data analytics platform, along with the industry expertise and support it provides, has meant that we are using independent data to better understand the pan-European market landscape in which we operate,” said Matt Stupple, chief technology officer at Equiduct.

“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.”

Several exchanges have selected the Liquidity Cockpit in the last few years, one of the most recent being pan-European subscription-based exchange Aquis, which implemented it in April last year.

“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,” said Richard Hills, head of client engagement at big xyt.

“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.”