Tick data hub launched for TCA and algo testing

Hub will offer data as a service and analytics via the cloud.

Data specialist big xyt has launched a tick data analytics hub for firms to integrate the use of tick data into their trading activity.

The xyt hub will enable firms to consume, analyse and visualise tick data using analytics capabilities delivered via cloud technology.

Tick data and analytics can be used for transaction cost analysis purposes, as well as algo development, testing and optimisation, all of which will be needed to comply fully with tougher regulations under MiFID II.

“Users can develop algos using any methodology including Artificial Intelligence and deep learning. Furthermore, they can test and optimise algos in order to improve both execution performance and profitability,” said big xyt.

“Designed to process both historical and real-time data, the Data-as-a-Service offering includes an engine for real-time processing to meet specific user needs. Data can be viewed through flexible business functions, like custom snapshots, auction phases or orderbook replay.”