big xyt wins ‘Best Transaction Cost Analysis (TCA) Solution’ at the Waters Technology Asia Awards 2024
June 21 2024 - 4:53AM
big xyt is proud to announce they have won the Waters Technology
Asia Award 2024 for Best Transaction Cost Analysis (TCA) Solution
for Open TCA.
These awards recognise excellence in the deployment and
management of financial information and technology within Asia's
capital markets community, and follows closely after big xyt’s
recent success winning Best Data Analytics Provider at the Waters
Technology Inside Market Data and Inside Reference Data Awards
2024.
Evaluation criteria included how well the technology addresses
clients’ problems, what is unique about the solution, recent
milestones, and the future product roadmap.
As global markets evolve, pre-trade, intra-day and post-trade
execution analysis has to manage increasingly complex datasets at
previously unmeasurable levels of granularity.
big xyt harvests, stores and normalises granular data sets
across 120 global markets (covering equities, ETFs, listed
derivatives and FX). With Open TCA, users can interrogate
those datasets to estimate clients’ pre-trade costs, benchmark
their trading when they executed, and calculate the cost when they
did not, in an accessible and practical package.
Key developments that contributed to this award included the
ongoing enhancements to big xyt’s real-time analytics and pre-and
post trade analytics in line with new client requirements, and
further expansion into APAC with strong core functionality and the
ability to customise these to meet the specific needs of clients in
the region. big xyt also recently established a presence in Japan
to develop and support that market, further growing the firm’s
presence in APAC.
Robin Mess, CEO & Co-founder at big xyt, said: “We’re
honoured to be awarded the Best Transaction Cost Analysis Solution
for Open TCA. This recognition highlights our commitment to
innovation, data quality, and exceptional service. Our close
collaboration with clients enables us to continuously enhance our
core products to meet the changing needs of the community.
Furthermore, this award cements big xyt’s recognition and growth
globally and in the Asia Pacific.”
-ENDS-
About big xyt
big xyt’s independent analytics tools provide unrivalled data
accuracy and enable users to transform data into decisions and to
observations for their audience.
big xyt has created a global ecosystem for tick data analytics
covering more than 120 trading venues, across equities, ETFs, FX,
and listed derivatives (futures and options), and are available in
T+1 and real-time. Our clients include major global
investment banks, asset managers, leading exchanges and trading
venues, ETF issuers, and regulatory bodies.
big xyt’s unique private cloud-based technology normalises trade
conditions of venues allowing accurate and transparent aggregations
of trading volumes, comprehensive analysis, and delivery of results
in flexible and customisable formats. Our APIs support more
in-depth quantitative research and feed dependent systems such as
algorithms and decision support tools, essential for data science
and quant teams.
Firms across the financial services industry choose big xyt as
their data analytics partner due to our independence and ability to
provide the best quality normalised data, our capability to deliver
complex security and execution analytics in sophisticated and
data-rich financial markets, as well as the in-depth domain
experience of the big xyt team in setting up, running and
maintaining data analytics environments for tick data in highly
secure environments.
https://big-xyt.com