Big Xyt going trading places with new data analytics hub
That logo is certainly going places
Big Xyt, a smart data and analytics provider, has unveiled its new hub for trading firms to integrate tick data and analytics via a single API.
According to the firm, the Xyt hub allows companies to consume, analyse and visualise data through cloud-based technologies, featuring Data-as-a-Service (DaaS) and nice Analytics-as-a-Service (AaaS) functionalities.
Bats has signed up as the first hub partner, and Alex Dalley, co-head of sales at Bats Europe, says it is an “additional distribution channel for our pan-European market data” and “makes all our tick data available immediately to existing and future clients for a variety of use cases including algo development and testing”.
If you need more information, Big Xyt says trading firms and exchanges won’t need “costly investment” into in-house data infrastructure and storage, “or indeed additional staff”.
Via a web interface or API, this integrates with any downstream system or programming environment. Users can develop algos using any methodology including artificial intelligence (AI) and deep learning. Data can be viewed through business functions, like custom snapshots, auction phases or orderbook replay.
The great AaaS functionality enables users to use shared analytics functions provided by Big Xyt, including effective spreads and market impact analysis. The customisation service allows trading firms to develop “bespoke business requirements”, such as back-testing, transaction cost analysis (TCA), derived market data and regulatory reporting.
