Big xyt and the Johannesburg Stock Exchange (JSE) have partnered to rollout the Trade Explorer data analytics platform to other financial centres, trading venues and ecosystems across the world.
Trade Explorer enables trading venues to distribute data analytics solutions to their information services customers such as trading firms, issuers and investors. The platform provides analytics tools that enable users to understand market liquidity and flows, market share, business concentration, and execution performance. It also delivers tools for analysing trading patterns and for pre-trade decision support.
JSE Group CEO Leila Fourie said; “All trading venues understand the need for a market data business adjacent to the core mission of providing high quality markets. Innovative data analytics solutions form a major component of the future growth in this multi-billion-dollar sector. big xyt ecosystems will empower our peers in other financial centres to develop this opportunity.”
Robin Mess, CEO and co-founder of big xyt, added: “Trading venues can rapidly realise additional revenue streams by leveraging their unique datasets without making heavy investments in new technology. For market participants, this offers greater accessibility to data analytics for firms of all sizes as there is no longer the need to develop such capabilities in-house.”
Big xyt ecosystems is an equal investment by the partners with the new company leveraging big xyt’s technology stack and experience of providing these solutions to the market, while the JSE brings proven use cases from its own marketplace, and an extensive peer network within the global exchange community.
More detail on this story to come very soon. Watch this space!
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