In the dynamic realm of the stock market, where every move holds the potential for significant gains or losses, the role of data has grown beyond mere numbers and charts. In the African context, where markets are witnessing a surge in innovation and growth, harnessing the power of data and embracing robust data solutions has become a pivotal factor in shaping the region’s stock market landscape. As economies across the continent chart their course towards progress, the utilization of data-driven insights is emerging as a driving force, revolutionizing trading practices, market analysis, and investor decision-making.

The Johannesburg Stock Exchange (JSE) has joined forces with big xyt, a leading global provider of intelligent data and analytics solutions, to introduce a groundbreaking initiative known as big xyt ecosystems. This collaborative endeavor has given rise to a novel entity: big xyt ecosystems, a company dedicated to delivering the cutting-edge Trade Explorer data analytics solution to international stock exchanges and their associated networks.

In a significant announcement made in May 2022, the JSE and big xyt unveiled their partnership to launch an advanced analytical offering named JSE Trade Explorer. This initiative targets the trading participants engaged in the exchange’s cash equity and ETF markets, including exchange members, their clientele, and issuers.

The newly introduced platform empowers trading venues to seamlessly furnish their customer base with data analytics solutions within their specific ecosystems. This service is directly provided to end users through hosted web services, facilitating swift time-to-market implementation and cost efficiencies. The platform encompasses sophisticated analytical tools that empower users to grasp vital insights regarding market liquidity, quality and trends, market share, business concentration, execution performance, and tools for evaluating trading patterns and facilitating pre-trade decision support.

Recognizing the global demand for high-quality and user-friendly market data offerings, our analytics solutions are set to solidify the JSE’s reputation as a hub of financial market innovation not just within Africa, but on a global scale. The collaboration with big xyt represents a thrilling progression in our strategic journey towards information services, championing growth through innovation, as highlighted by Leila Fourie, CEO of the JSE Group.

The establishment of big xyt ecosystems is an equitable investment by both partners, each contributing substantial capabilities to the trading venues landscape. The newly formed entity will leverage big xyt’s technological foundation and extensive experience in offering these solutions to the market. Simultaneously, the JSE contributes its forward-thinking ethos that birthed the Trade Explorer concept, proven successful cases from its own market, and a well-connected peer network within the worldwide exchange community.

Trading venues stand to promptly unlock fresh revenue streams by capitalizing on their distinctive datasets without the need for substantial investments in new technology. This initiative offers market participants of all scales heightened accessibility to data analytics, eliminating the necessity to internally develop such capabilities.

What is big xyt

big xyt offers unparalleled data accuracy through its independent analytics tools, empowering users to translate raw data into actionable insights for their target audience.

Operating on a global scale, big xyt has established a comprehensive ecosystem for tick data analytics, spanning over 120 trading venues across equities, ETFs, FX, and listed derivatives such as futures and options. Our esteemed clientele includes major global investment banks, asset managers, prominent exchanges and trading platforms, ETF issuers, and regulatory authorities.

Setting itself apart, big xyt employs a unique private cloud-based technology that standardizes trading conditions across various venues. This paves the way for precise and transparent aggregation of trading volumes, extensive analysis, and the ability to present findings in versatile and customizable formats. Our APIs further facilitate in-depth quantitative research and provide data feeds for interdependent systems like algorithms and decision support tools – a crucial resource for data science and quantitative teams.

The financial industry opts for big xyt as its preferred data analytics partner due to our impartiality and capacity to furnish top-tier normalized data. We excel in delivering intricate security and execution analytics within the intricate and data-rich landscape of financial markets. Moreover, our seasoned big xyt team’s profound domain expertise and agile responsiveness are highly valued attributes, particularly in the establishment, operation, and maintenance of tick data analytics environments in highly secure settings.

August 6, 2023
Delino Gayweh
Serrari Financial Analyst

photo source Google