big xyt, an independent provider of smart data and analytics solutions to the global trading and investment community, has launched its “first-to-market” real-time data analytics service for a dataset of European trades and EBBO (European Best Bid and Offer) benchmark prices.

The turnkey solution captures billions of messages daily, and processes data in less than one second (with 500 intraday data quality checks each day).

Using this service, trading firms can effectively monitor consolidated liquidity for any security (stock or ETP), including unexpected off-book trading activity, trades of unusually large size, pending trades and sudden increases in OTC volumes. Investors can access and analyse consistent and reliable pre-trade and post-trade information to better understand liquidity and trading conditions at the time it occurs and to support algorithmic strategies. 

Exchanges can access same-day, consolidated reports on market fragmentation to monitor liquidity and inform participants and internal teams, using the big xyt service .