London and Johannesburg: The Johannesburg Stock Exchange (JSE) has partnered with big xyt, a global independent provider of smart data and analytics solutions, to launch big xyt ecosystems. The joint venture entails the formation of a new company: big xyt ecosystems. big xyt ecosystems will deliver the innovative Trade Explorer data analytics solution to global stock exchanges and their ecosystems.
In May 2022, the JSE and big xyt announced that they would be collaborating to launch an analytics offering, JSE Trade Explorer, aimed at trading participants of the exchange’s cash equity and ETF markets (including the exchange members and their clients, and issuers).
The new platform enables trading venues to distribute data analytics solutions to customers in their respective ecosystems. The service is delivered directly to end users through hosted web services which supports rapid time to market and lower costs. It provides sophisticated analytics tools that enable users to understand market liquidity, quality and flows, market share, business concentration, execution performance, and tools for analysing trading patterns and for pre-trade decision support.
Leila Fourie, JSE Group CEO said, “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.”
Robin Mess, CEO 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, who combined bring a substantial capability to the trading venues marketplace. The new company will benefit from big xyt’s technology stack and considerable experience of providing these solutions 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.
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About the Trade Explorer
The Trade Explorer is a new concept for data analytics in the exchange space, whereby the exchange provides data analytics directly to their membership, corporate issuers and other market users (their ecosystems) through a white labelled platform to improve the services its member firms can offer to their clients.
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 competitive advantages. Product managers can use the service to help improve their algorithms and trading strategies.
About the JSE
The Johannesburg Stock Exchange (JSE) has a well-established history operating as a regulated marketplace for trading listed securities. The JSE is a pioneering, globally connected exchange group that enables inclusive economic growth through trusted, world class, socially responsible products, and services for the investor of the future. It offers secure and efficient primary and secondary capital markets across a diverse range of securities, spanning equities, derivatives, and debt markets. It prides itself as being the market of choice for local and international investors looking to gain exposure to leading capital markets on the African continent. The JSE is currently ranked in the Top 20 largest stock exchanges in the world by market capitalisation, and is the largest stock exchange in Africa, having been in operation for over 135 years.
As a leading global exchange, the JSE co-creates, unlocks value and makes real connections happen. www.jse.co.za
JSE media contact:
Tel : 011 520 7331
Mobile : 066 261 7405
Email: [email protected]
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). 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 its 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 and agile responsiveness of the big xyt team in setting up, running and maintaining data analytics environments for tick data in highly secure environments.
For more information on big xyt, please visit: https://big-xyt.com
big xyt Media Contact
The Realization Group
+44 (0) 203 811 8344