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Coverage   Equities · ETFs · Futures · Options · Fixed income Five asset classes · one record

More venues

Trading fragments across dozens of exchanges, MTFs, systematic internalisers and off-book mechanisms.

More regulation

New obligations arrive faster than the tools to meet them, from best-execution reporting to market-wide transparency regimes.

More automation

Decisions move to machines, and machines need better inputs than a headline number.

More noise

Headline volumes overstate the liquidity actually available. Few can tell the difference.

Markets we cover

One methodology. Every asset class.

The same discipline applied to every trade, every venue, every mechanism. Choose the market that lands on your desk.
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Cash equities

Equities

Execution analytics on the deepest cash equities record.
  • TCA on addressable liquidity, not headline volume
  • Broker and venue performance measurement
  • Market share, spreads and volume profiles
Explore equities analytics
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Exchange-traded funds

ETFs

Independent liquidity intelligence for the ETF ecosystem.
  • Secondary-market quality across every venue
  • Market-maker oversight: presence, spread, obligations
  • Cross-listing consolidation across exchanges
Explore the ETF section
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Listed derivatives

Futures

Liquidity and execution across global futures venues.
  • Session and venue liquidity
  • Roll analysis: volume, timing and cost
  • Pre-trade cost and post-trade evidence
Explore futures data
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Listed derivatives

Options

Activity and liquidity across listed options markets.
  • Contract activity, volume and open interest
  • Liquidity across strikes and expiries
  • Research-ready data into your stack
Explore options data
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Rates & credit

Fixed income

Independent intelligence, extending into fixed income.
  • Venue and protocol reconciliation
  • Liquidity where it is hardest to see
  • Built around your instrument universe
Talk to the team

If it happens in a market, it can be measured. If it can be measured, we can make it understandable.

The intelligence

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Ask xyt AI for the numbers: market share, liquidity, volume profiles, market moves, with every definition explained from the platform documentation.  xyt AI

Reported / day
€172bn
The difference
€43bn
Addressable / day
€129bn

European headline volumes overstate the liquidity actually available to investors by as much as €43bn a day: reported turnover of roughly €172bn against €129bn genuinely addressable. That is our own published finding. We would rather tell the market an uncomfortable truth than sell it a comfortable number, which is exactly what independence is for.

Read Liquidity Matters

How we work

Simple on purpose.

Step 01

Bring the problem

A question, one order, one fund, one venue. No deck, no scoping workshop, no procurement language required.

Step 02

See it on your own market

We show you the answer on your names and your flow, with the method in the open, so you can interrogate it.

Step 03

Keep the understanding

Answers arrive in whatever form your desk works, and the methodology stays visible, so trust compounds instead of expiring.
Trusted by the world's largest banks, asset managers and exchanges
BlackRock Cboe HSBC-ASSET-MANAGEMENT-RGB-1 JSE Kepler Cheuvreux Vanguard Euronext Liquidnet Deutsche Boerse Invesco Steubing
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What would you like to understand?

Bring one market, one name or one question, and we will show you how it really trades.