Societe Generale Luxembourg implements big xyt’s trading performance analytics solution

By Megha Bhattacharya

Market data analytics provider, big xyt announced today that Societe Generale Luxembourg has implemented its Execution Analytics solution in a bid to offer enhanced trading performance analytics to the Bank’s customers.

According to big xyt, the solution offers Societe Generale Luxembourg with capabilities in smart data analytics for reducing transaction costs. SocGen Luxembourg will leverage big xyt’s granular consolidated view of the marketplace for measuring and benchmarking their executions.

“We are delighted to be adding Societe Generale Luxembourg to our portfolio of buy-side clients who have the seen the value in our flexible and independent offering,” said Mark Montgomery, Head of Strategy and Business Development at big xyt. “This initiative enables both firms to collaborate on the integration of new methodologies, creating a better understanding of the complexity of Societe Generale Luxembourg’s interactions in a constantly evolving landscape.”

big xyt provides independent, smart data and analytics solutions to the global trading and investment community, enabling firms to process and normalise large data sets on-demand and in real-time, to comply with regulatory requirements and reduce the complexity of their operations.

Recently, UK’s web-based matching and negotiation platform, Wematch hosted a EUREX/LCH Basis swap trade on its e-trading platform that has been carried out between Societe Generale and Landesbank Baden-Württemberg (LBBW). SocGen also announced a seven-year SaaS contract with investment banking FinTech Nuvo Prime in a bid to facilitate the implementation of its swap trading and management system, SwapScale.