11.13.2024

big xyt Secures €10m Funding Round

11.13.2024
big xyt Secures €10m Funding Round

Financial markets AI-analytics firm big xyt secures €10 million funding round to drive global expansion

big xyt announces its first round of external investment after 10 years of profitable bootstrapped growth.

  • big xyt provides data analytics to simplify complex markets for some of the world’s largest financial institutions. 
  • Investment will support big xyt’s global expansion strategy into Europe, the US and APAC markets and a hiring drive in 2025. 
  • big xyt enables financial institutions to gain insights into complex trading environments, liquidity and market trends.
  • “Funding will accelerate product innovation and team growth, enabling us to meet the rising demand for advanced analytics.” Robin Mess, CEO big xyt.

big xyt, a leading data analytics company for financial markets, has announced a €10 million investment led by European growth investment firm Finch Capital.

The investment will drive big xyt’s global expansion, enhance its product development and strengthen its position as an independent leader in AI-based data analytics for financial markets for some of the world’s leading financial institutions.

big xyt’s client base includes some of the best-known banks and brokers, buy-side firms, market makers, exchanges, regulators and market intelligence companies globally.

With its highly scalable and flexible technology platform, big xyt systematically collects, cleans, validates and stores large amounts of referential and tick data across global markets, generates sophisticated metrics that measure all forms of trading, and provides comprehensive and flexible APIs that support more in-depth quantitative research and feeds dependent systems such as algorithms and decision support tools.  Their solutions address a wide range of use cases, including pre-trade, intra-trade and post-trade TCA and execution analysis and market structure analysis.

The platform enables clients to analyse large datasets in T+1 and real-time, helping them make informed trading decisions, manage risks and enhance trading performance.

This first round of external funding follows 10 years of profitable, bootstrapped growth for big xyt.

Commenting on the investment round, Robin Mess, CEO of big xyt, said: “This investment is testament to big xyt’s strong reputation and commitment to innovation, unrivalled data quality, and exceptional service.

Finch Capital’s support accelerates our product development and team growth and enables us to take our proven expertise to the next level to meet the rising demand for advanced analytics. These include the need for automation and data-driven decisions in order to navigate regulatory pressures and stay competitive in increasingly complex financial markets.”

Aman Ghei, UK Partner at Finch Capital said: “big xyt’s expertise in automating capital markets data is crucial as financial institutions face mounting competitive pressures and regulatory demands. This investment will support their strategic growth across Europe, the US and APAC, further strengthening their leadership in trading data analytics.”

“big xyt’s team is uniquely positioned to dominate the market with their unmatched expertise in financial data analytics, robust tech innovation, and deep industry insights. Their strategic vision, combined with a proven track record in scaling complex, data-driven solutions, empowers them to stay ahead of evolving market demands. big xyt’s ability to deliver unparalleled data quality and actionable intelligence is precisely what today’s financial institutions need to gain a competitive edge, making them the most formidable team to lead this space,” said Ghei.

Source: big xyt

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