German securities trading bank, Steubing AG, has elected data analytics firm xyt as its nominated next generation transaction cost analysis (TCA) provider.
Through the partnership, xyt will deliver comprehensive analytics across Steubing AG’s various trading activities, spanning listed stocks, bonds, certificates and warrants.
Specifically, the move is expected to allow the German bank to provide its institutional clients with enhanced transparency and execution quality analysis.
Robin Mess, chief executive of xyt, said: We are committed to providing the industry with the greatest transparency possible through enhanced TCA capabilities. Our goal is to evolve TCA from a compliance exercise into a decision-support tool that provides actionable insights that support decision making in broker selection, trade timing, and trading strategy.”
Read more – Buy-side becoming more reliant on TCA, with 85% of traders viewing it as an essential tool
Steubing AG also confirmed that it’s decision to progress with xyt was based on the data analytics firm’s data quality, customised end-client TCA reporting, pre-trade cost estimates for single stocks and portfolio baskets via API, and customer service capabilities.
Moreover, xyt’s TCA solution will support Steubing AG’s integrated order flow management (IOM) services and designated sponsoring activities, to ensure precise measurement of execution performance and market impact.
The move marks a further development for xyt, which has established various TCA-related partnerships in recent months.
In July 2025, the firm was selected by London-based alternative investment firm, Regents Gate Capital (RGC) to provide TCA and execution analytics.
The integration provides RGC with greater market transparency and increased access to liquidity while simultaneously minimising price impact and slippage.