big xyt ecosystems hosts analytics solutions under an exchange’s branding to deliver a rich suite of trading measures that member firms can use on a daily basis to help manage their business and enhance the services they deliver to their clients.
big xyt ecosystems is a joint venture between big xyt, a leading data analytics provider to the global trading and investment community, and the Johannesburg Stock Exchange (the JSE), the largest stock exchange in Africa.
The new company will benefit from big xyt’s technology stack and considerable experience of providing data analytics solutions in highly secure environments to the market, while the JSE brings the innovative culture that resulted in the Trade Explorer concept, proven use cases from its own marketplace, and an extensive peer network within the global exchange community.
big xyt ecosystems’ mission is to provide the innovative Trade Explorer data analytics platform, which was launched in South Africa in early 2023, to other financial centres around the world.
big xyt ecosystems is an equal investment by the partners, created to help the world’s exchanges and trading venues deliver data analytics services to their ecosystems of local and international member firms, issuers and investors.
“Exchanges globally understand the need for a quality and user-friendly market data offering. Our analytics solutions will further entrench the JSE’s position as a centre of innovation for financial markets on the African continent and beyond. The collaboration with big xyt also marks an exciting step in our information services strategic journey, supporting growth through innovation.”
Leila Fourie, JSE Group CEO
The Trade Explorer provides sophisticated 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.
The platform enables trading venues to distribute data analytics solutions to their information services customers, including the trading firms, issuers and investors that comprise a finance ecosystem. The solutions are delivered directly to end users through web hosted services under the branding of a sponsoring venue, meaning rapid time to market and low cost of ownership.
Using unique peer group rankings, trading firms can explore their market share, examine how they interact with the order book, and view their trading performance.
As well as enhancing management oversight, the tools enable client-facing staff to discover highly granular information about their trading flows and identify their competitive advantages.
White-labelling also enables clients to monetise their information services further, creating a new revenue stream for the exchange or trading venue.
Key benefits to member firms
FULLY HOSTED AND
DAILY TO THE DESKTOP
ENABLES PROVISION OF
INFORMATION TO CLIENTS
OVERSIGHT WITH PEER
Users of the service
Can monitor and review business performance over time in terms of the evolution of their volumes and market share.
CLIENT-FACING SALES AND SALES TRADERS
Can use the information to highlight their strengths in providing liquidity to their clients and support them in the trading process.
Can use the service to help improve their algorithms and trading strategies.
Can augment their existing monitoring and control systems using the analytics provided.
The services can also be used by listed company treasurers, e.g. when they are involved in buy-back transactions, and by investor relations to help understand how the company’s shares are trading in comparison to the sector and other listed names.
Benefits to exchanges and
LOW COST ACCESS
Low cost access to sophisticated and comprehensive data analytics, developed and supported by a mature and highly experienced team with advanced domain knowledge and expertise.
ACCESS TO UNIQUE DATA
Access to unique data only available directly from the sponsoring exchanges, where participants (users) can view data relating to their own firms, groupings within firms, or even at the trader level.
Packaging of a broad range of data analytics content into a single container.
FAST TIME TO MARKET
The solution is delivered directly to the trading desktop and requires no integration or development by the end users.
Data security delivered through a private cloud, at an ‘arm’s length’ from the sponsoring exchange or trading venue.
LOW IMPLEMENTATION COST & RISK
Enabling accessibility to medium and small sized firms and corporate issuers with limited budgets.
“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.”