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founded   2014 BIG XYT → XYT   2025 certified   ISO/IEC 27001:2022 ownership   Majority employee-owned

Our story

Built by the engineers who saw it from the inside.

  

In 2005, the future founders of xyt met while building and operating real-time analytics at major investment banks. Trading activity was fragmented across venues, instruments and protocols, with no consistent way to reconcile it into a complete market view. xyt was founded in 2014 to help market participants reconcile that complexity and turn fragmented trading data into reliable market intelligence.

Today, as xyt, we process and normalise data from more than 120 venues, combining it with clients’ order and execution data where needed. We deliver market-structure analytics, TCA and analysis-ready datasets that help firms find liquidity, evaluate execution, improve performance and evidence best execution.

Clients can access this market intelligence through our web platform, APIs, AI and datasets. Where standard products do not fit, our data scientists and engineers design and build bespoke solutions around each client’s data, methodology, workflows and objectives.

What we stand for

Trust begins with the evidence.

 An independent perspective, rigorous methodology and close attention to how markets actually trade - these are the foundations of every insight we deliver
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Independent by design

Majority employee-owned, with no parent running an exchange, a broker or a venue. The same record serves both sides of every conversation, which is exactly why both sides can use it.
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Accuracy that stands up

Every print classified, every correction stripped, every methodology documented and in the open. Numbers built to be interrogated by committees, members and regulators.
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Attention to detail

Market structure lives in the details: mechanisms, sessions, corrections, late reports. We sweat them at tick level so our clients do not have to.

The proof

Market intelligence, proven in practice.

Used by leading market participants worldwide, with global coverage, independently certified information security and more than a decade of market-data engineering.

4 of 5

of the largest European ETF issuers work with xyt.

Global

cross-venue coverage across five asset classes, from the Americas to APAC.

ISO 27001

information security, independently certified (2022).

Since 2014

engineering market analytics, from inside the banks to independent.
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Our team

The experts behind every insight

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Robin Mess
Co-founder, CEO
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Dirk Subjetzki
Co-founder, CFO
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Wiesław Nosal
Co-founder, CTO
Mark Montgomery
Mark Montgomery
CCO
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Sylvia Kwok
VP of marketing
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Alicia Ariffin
VP of people
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Richard Hills
Head of Enterprise Solutions

The journey

From inside the banks to independent.

2005

The founders meet, engineering real-time analytics at major investment banks

2014

big xyt founded

2016

Launch of white-label Tick Data analytics for global markets. Deployed as a web-based solution for a leading data vendor covering more than 120 feeds globally (equities, ETFs, bonds, options and futures)

2017

Proprietary tick data analytics deployed for a leading market maker (16 years of normalised US equities data)

2017

Liquidity Cockpit launches: cross-venue liquidity analytics for European equities.

2017

XYT Hub for algo testing and quants launched

2018

Post-trade analytics (incl. TCA) for global equities launched

2018

All major European exchanges, MTFs and leading brokers use the Liquidity Cockpit as a reference for market structure analysis

2018

Launch of the Liquidity Cockpit for ETFs

2020

The big xyt platform goes fully cloud-native.

2022

First-to-market white-label analytics platform for equities and ETFs, with the Johannesburg Stock Exchange (JSE).

2023

Release of the free Trade Verification Tool to enable users to quickly verify suspicious trades

2023

JSE and big xyt launch the joint venture big xyt ecosystems.

2023

Launch of first-to-market real-time analytics leveraging our proprietary European tape

2023

big xyt launches portfolio liquidity analysis solution in partnership with Baillie Gifford

2024

big xyt secures €10m investment round led by European growth investment firm Finch Capital to drive global expansion and product development

2025

big xyt becomes xyt

2026

xyt AI launches

Get in contact

Not sure if xyt is right for you?

Tell us what your desk is trying to see. We'll walk you through the same reconciled market data our clients trade on - and show where it fits your workflow.