Advanced Insights

Specialized analytics designed to help firms evaluate participation on marketplaces, adjust business strategies, and redirect liquidity.
See Use Cases

Solution Benefits

Track market activity by firm, trading venue, instrument, or any combination to evaluate market liquidity.

NBBO metrics that allow participants to evaluate the trading efficacy & liquidity of the exchanges by ticker symbol.

The analytical platform provides comprehensive access to easy to understand visuals. It is available to users as heatmaps, line graphs and can be downloaded as CSV files.

How Does it Work?

01 | Ingest

Consolidate your firm’s private trade data along with a market data feed. Complement this data with reference data on trader & customer lists, security master files and trade allocation data. We can load all your files and/or feeds via real time connections, intraday file transfers, end of day batch files or on-demand.

02 | Wrangle

To make your data usable files and market data feeds are normalized to common formats. Varying market data events by exchange are also standardize into a single unified data schema.

03 | Derive

Generation of Analytics. Alongside consolidated level 2 historical market data, Advanced Insights provides 30 statistical correlations that are available by broker, by market, or both. Here are some of the correlations available:

  • Average Price at National Best Bid/National Best Offer
  • Average Price Away from National Best Bid/National Best Offer
  • Average Value at National Best Bid/National Best Offer
  • Average Volume at National Best Bid/National Best Offer
  • Time at National Best Bid/National Best Offer
  • Time Weighted Average Spread
  • Total Volume and Value (Buy/Sell)
  • Crossed Markets (Crosses)
  • Locked Markets ( Locks)
  • Apparent Trade Through
  • Volume Weighted Average Price
  • Percentage of Market Share by Symbol
  • Pre-trade Metrics
  • Post-trade metrics
  • Ranking Models

04 | Monitor

Optimize cloud infrastructure. Apply data quality algorithms to detect anomalies or missing data in the normalized datasets and their derived analytics.

05 | Entitle

Fully control your end user access to all of your data with role and attribute based permissioning.

06 | Distribute

The analytics against both top of book and market depth enable market participants to easily measure their performance against their peers using the platform’s web dashboard and data access tools.

The analytical platform provides comprehensive access to easy to understand visuals. It is available to users as heatmaps, line graphs and can be downloaded as CSV files.

Solution Users

Exchanges

Gain insight on member participation on market books. Utilize the metrics to adapt business strategies and guide decisions to attract market flow.

Market Makers

Evaluate your performance in the book. Ensure your market participation activity is in line with trading strategies.