What big xyt does

big xyt (marketed as xyt) is a London- and Frankfurt-headquartered data and analytics provider founded in 2014 that serves the global trading and investment community. Its core product is the Trading Data Intelligence Platform (TDP), an AI-enabled modular platform that connects to 120+ exchanges, processes 12bn+ messages and 14.64 TB written / 67.5 TB read data daily, and exposes 1.22M average daily API calls. The platform delivers pre-trade, intra-trade, and post-trade analytics covering execution quality, broker selection, compliance, peer-group analysis, liquidity monitoring, market share, market quality, rankings, and a Pan European Tape consolidated feed, with nine years of historical data available from day one. Specialized modules target ETF issuers and ETF market makers, and a Datashop marketplace provides access to historical and real-time market data.

The company sells to enterprise financial institutions — including banks, brokers, asset managers, hedge funds, market makers, and exchanges — on a subscription and data-licensing model with custom enterprise contracts. Named customers include BlackRock, Vanguard, HSBC Asset Management, Invesco, LGT, Regents Gate Capital, Liquidnet, Cboe Global Markets, Deutsche Börse, Euronext, and the Johannesburg Stock Exchange, totaling 50+ institutions. big xyt operated bootstrapped for ten years before raising a €10M Series A led by Finch Capital in November 2024, its first external capital, to fund US and Asia-Pacific expansion and 2025 hiring. Founder Robin Mess leads the company as CEO and co-founder.

Name

big xyt

Legal name

big xyt

Website

https://big-xyt.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

51–100 employees

Short description

big xyt is a London-based fintech whose AI-enabled Trading Data Intelligence Platform connects to 120+ exchanges, processes 12bn+ messages daily, and delivers execution, liquidity, and market-structure analytics to 50+ banks, asset managers, hedge funds, and exchanges.

Ownership category

akta.pro rank

Product category

Financial Market Data Analytics

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518210), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Services-Computer Programming, Data Processing, Etc. (7370), Services-Computer Processing & Data Preparation (7374)

akta.pro primary industry

Data Distribution, Connectivity & Market Data Platforms (Entitlements, Normalization, APIs) (FSAFAIAJ)

akta.pro secondary industry

Real-Time Market Data Feeds & Terminals (FSAFAIAA)

Keywords

• Trading data analytics
• Market structure intelligence
• Execution quality analytics
• Financial market data platform
• Trade cost analysis software

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Infrastructure, Operations, Marketing or Sales

Revenue model

1. Analytics Platform Subscription: Subscription-based access to the Trading Data Intelligence Platform providing pre-trade, intra-trade, and post-trade analytics, execution quality monitoring, and market intelligence. Platform serves 50+ leading financial institutions with enterprise-level analytics capabilities.
2. Data Licensing: Monetization of market data through the Datashop, providing historical and real-time market data access to financial institutions. Data infrastructure processes 14.64 TB daily written and 67.5 TB daily read data.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

big xyt provides an AI-enabled modular Trading Data Intelligence Platform (TDP) that aggregates and analyzes real-time and historical market data from 120+ global exchanges. The platform delivers pre-trade, intra-trade, and post-trade analytics covering execution quality, broker selection, compliance, peer group analysis, liquidity monitoring, market share, and consolidated Pan European Tape for 50+ leading financial institutions including banks, asset managers, hedge funds, and exchanges.

Product overview

big xyt operates a unified Trading Data Intelligence Platform (TDP) supported by the Datashop data marketplace. The platform provides modular analytics capabilities including Execution Quality, Broker Selection, Compliance, Peer Group Analysis, Liquidity Monitoring, Market Share, Market Quality, Rankings, and Pan European Tape. Specialized solutions are offered for ETF Issuers and ETF Market Makers. The AI-enabled platform connects to over 120 exchanges globally, processing 12bn+ messages daily, serving major financial institutions with historical data access spanning nine years.

Differentiator

Problem solved

Functional benefit

Brands

• Trading Data Intelligence Platform (TDP): AI-enabled modular technology platform providing analytics across pre-trade, intra-trade, and post-trade analysis, covering execution quality, broker selection, compliance, peer group analysis, liquidity monitoring, market share, market quality, rankings, and Pan European Tape.

Products and services

• Trading Data Intelligence Platform (TDP)

Quantifiable outcome

• 99.48% EMEA Equities ADVT coverage
• +3 more outcomes

Named customers10 records

Segments7 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature5 records

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Bloomberg L.P. Bloomberg's Terminal is the dominant financial data and analytics platform, with embedded EMSX execution analytics and TCA capabilities that overlap directly with big xyt's Trading Data Intelligence Platform. It is the broadest incumbent serving the same buy-side and sell-side customers with bundled market data, analytics, and execution tools.
• LSEG (Refinitiv): LSEG owns Refinitiv's Eikon, FXall, and Tradeweb franchises, providing real-time market data, analytics, and execution services to banks and asset managers worldwide. It is a broad incumbent competitor overlapping with big xyt on market data distribution, analytics platforms, and consolidated tape-like products.
• S&P Global Market Intelligence: S&P Global Market Intelligence provides cross-asset market data, analytics, and desktop solutions to banks, asset managers, and corporates. It competes with big xyt in market data depth, analytics, and execution/best-execution workflows across institutional clients.
• ICE Data Services: ICE Data Services delivers real-time market data, reference data, analytics, and connectivity to global exchanges, overlapping heavily with big xyt's market data distribution and analytics offerings. It is an exchange-affiliated incumbent with broader asset class coverage and proprietary data feeds.
• Nasdaq Market Data: Nasdaq's Market Data and Index businesses provide real-time and historical data feeds, analytics, and consolidated tape-like products to global trading participants. It competes with big xyt on data coverage depth, analytics tools, and global exchange connectivity.

Direct peers

• FactSet: FactSet provides portfolio analytics, market data, and execution/workflow tools to buy-side institutions, with overlapping TCA, liquidity analytics, and market structure coverage aimed at similar asset management and hedge fund clients as big xyt. It is a direct competitor in trading analytics and market intelligence subscriptions.
• BestEx Research: BestEx Research is an independent TCA and execution analytics provider for buy-side firms, focused on transaction cost analysis, broker evaluation, and execution strategy. It directly competes with big xyt's Execution Quality and Broker Selection modules for hedge fund and asset manager clients.
• OneMarketData (OneTick): OneMarketData's OneTick is a tick-data analytics platform for buy- and sell-side institutions, offering historical and real-time market data, execution analytics, and quantitative research tools. It competes with big xyt's Datashop and analytics platform at the infrastructure level for time-series market data.
• KX (Kx Systems): KX provides a high-performance time-series database and analytics platform widely used across capital markets for tick data capture, analytics, and AI workloads. It overlaps with big xyt on the underlying data infrastructure that processes billions of market messages daily for institutional trading clients.

Emerging players

• Tradeweb: Tradeweb operates electronic trading platforms across rates, credit, equities, and ETFs, providing market data and trading analytics to institutional clients. It intersects with big xyt in ETF trading analytics and market structure evaluation but is primarily an execution venue rather than a pure analytics provider.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights5 records

Customer concentration

• Xx.com/bigxyt
• LinkedInlinkedin.com/company/big-xyt

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about big xyt