9am London GMT, 10 February, 2026 – xyt, the capital markets trading data analytics company, today announced that Steubing AG, one of Germany’s leading independent securities trading banks, has selected xyt as its next generation Transaction Cost Analysis (TCA) provider.
The partnership will enable Steubing AG to deliver enhanced transparency and execution quality analysis to its institutional clients.
Following a comprehensive evaluation process, including a successful proof of concept, Steubing AG selected xyt based on several key differentiators:
Unrivalled data quality based on addressable volume, providing more flexible benchmarking
Improved and customised end-client TCA reporting
Pre-Trade cost estimates for both single stocks and portfolio baskets via API
Professional, trusted and timely customer service, validated during the proof of concept phase.
“We are delighted to welcome Steubing AG to the xyt platform,” said Robin Mess, CEO at xyt. “We are committed to providing the industry with the greatest transparency possible through enhanced TCA capabilities. Our goal is to evolve TCA from a compliance exercise into a decision-support tool that provides actionable insights that support decision making in broker selection, trade timing, and trading strategy.”
“Working together with xyt has been a pleasure. The data quality and their customer service are second to none. The onboarding process was tailored to our needs, which allowed us a tremendous amount of flexibility in our TCA and Pre-Trade analytics needs.”
xyt’s modern TCA offering will provide Steubing AG with comprehensive analytics across its diverse trading activities, including listed stocks, bonds, certificates, and warrants. The solution will support the bank’s Integrated Orderflow Management (IOM) services and Designated Sponsoring activities, enabling more precise measurement of execution performance and market impact.
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About Steubing AG
As one of the most experienced and financially strong securities trading banks in Germany, Steubing AG, an independent securities trading bank based in Frankfurt am Main, stands for many years of expertise and the highest quality in professional market making, execution services, and ensuring best execution across all asset classes.
Steubing AG is a reliable partner for institutional clients, particularly in the areas of outsourcing, regulation, and digitalization, and is active on all German and around 63 international stock exchanges and trading venues.
The company's origins and core competence lie in its nearly 40 years of specialist activity on the German Stock Exchange, where it currently lists and manages around 13,000 national and international securities.
With a team of more than 60 experts, Steubing AG stands for the highest level of customer focus, excellent performance, and scalable solutions in order routing and order management—from order placement to execution and settlement.
About xyt
xyt delivers a market-leading independent Trading Data Intelligence Platform that transforms fragmented cross asset trading data into clear, actionable insights for capital markets participants worldwide. The platform processes over 12+ billion messages daily across 120+ global venues, serving the buy and sell side, investors and intermediaries with the analytics they need to optimise trading performance, and product development. For more information about xyt and the Trading Data Intelligence Platform, visit www.xyt.one or follow us on LinkedIn.
Media Contact
xyt
Sylvia Kwok - sylvia.kwok@xyt.one