22 October 2017
visit www.avoka.com

XTX Markets launches liquidity analysis tool

31 January 2017  |  1645 views  |  0 Source: XTX Markets

XTX Markets, a leading electronic trading firm providing liquidity in equity, derivatives, FX and commodity markets, today announces that it has released ‘XTX-ray’, a liquidity analysis tool that allows market participants to evaluate the quality of their Spot FX execution.

XTX-ray allows users to explore crucial measures of liquidity, shining a light onto ‘hidden’ costs with data incorporating:
-Volumes
-% Business – ratio of business done in each currency pair with respect to filled volume
-Fill rate - % of orders filled
-99.9% RTT – The 99th percentile Round Trip Time (RTT) on orders placed
-Spread – median/90%
-Market impact – in USDmn down to 1ms resolution
-$ Cost of rejects

Jeremy Smart, Head of Distribution at XTX Markets, commented: ‘’XTX-ray makes state of the art sell-side execution analysis available to buy-side firms and counterparties will be able to evaluate the execution quality of their liquidity providers. The objective is to achieve a more transparent Spot FX market which is fair for all market participants. This presents yet another challenge to last look.’’ 

Comments: (0)

Comment on this story (membership required)

Related blogs

Create a blog about this story (membership required)
Register nowvisit www.atos.net

Top topics

Most viewed Most shared
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
10472 views comments | 22 tweets | 26 linkedin
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
9980 views comments | 17 tweets | 24 linkedin
satelliteGates Foundation backs Ripple collaboratio...
9056 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
8129 views comments | 9 tweets | 17 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
7908 views comments | 10 tweets | 22 linkedin

Featured job

Find your next job