Smart data and analytics provider big xyt has released its new Trade Verification Tool, designed for both issuers and investors. An interactive service, the tool instantaneously returns the verification of price reversion and execution performance.
Using the analytics engine of big xyt’s Open TCA solution for pre- and post-trade execution analytics, the new tool provides transparency on ETF execution quality – enabling users to quickly verify suspicious trades without exposing themselves to fragmentation in a complex market. It currently covers ETFs acrodss over 30,000 listings in Europe, and is free of charge to registered users, who can verify a trade of any security at any point in time through visualised metrics that measure liquidity both before and after the trade: such as mid-point price movement, changes in spreads, and changes in volume-at-touch.
“As part of our broader open TCA solution, investors can systematically process all orders and trades to find the most relevant information, quickly and easily, which helps with day to day trading decisions,” said big xyt CEO and co-founder, Robin Mess.
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