xyt

xyt provides transaction cost analysis that measures a desk's executions against the market activity that was actually available in the same instruments and time window. Banks, asset managers and other trading firms use it to compare brokers and venues, examine spread capture and reversion, and evidence best execution to compliance teams and regulators.

The service draws on normalized, tick-level data reconciled across trading venues, covering equities, ETFs, futures, options and fixed income. Results are delivered through best-execution monitoring with thresholds and alerts, scheduled or on-demand reports for committees and clients, and an API for quantitative teams. The firm also publishes market structure analytics on where liquidity sits and how venues compare.