Market data provider big xyt has confirmed it will provide Societe Generale Luxembourg with advanced execution analytics through its transaction cost analysis (TCA) platform.
Societe Generale has implemented the execution analytics to supply its clients with more granular trading performance metrics. The investment bank will use big xyt’s consolidated view of the marketplace to measure and benchmark executions to help clients react more efficiently to changing market dynamics and reduce transaction costs.
“We are delighted to be adding Societe Generale Luxembourg to our portfolio of buy-side clients who have the seen the value in our flexible and independent offering” said Mark Montgomery, head of strategy and business development at big xyt. “This initiative enables both firms to collaborate on the integration of new methodologies, creating a better understanding of the complexity of Societe Generale Luxembourg’s interactions in a constantly evolving landscape.”
Societe Generale’s former global cash equities execution head, Richard Hills, recently joined big xyt as head of client engagement. Hills spent 18 years with Societe Generale, and was strategic in launching the bank’s equities electronic trading business.
More recently, pan-European subscription-based equities trading venue Aquis Exchange moved to implement big xyt’s Liquidity Cockpit to support market structure analytics. Aquis Exchange said at the time the analytics offers more control and flexibility as it develops its position in the European landscape.