big xyta leading data analytics platform for financial markets, has raised a €10 million seed round led by European growth investment firm Finch Capital.
The funding will be used for international expansion as well as to advance its analytics platform and strengthen its partnerships with leading financial institutions. Its clientele includes banks and broker-dealers, buy-side firms, market makers, exchanges, regulators and market intelligence firms around the world.
big xyt’s platform systematically collects, cleans, validates and stores vast amounts of reference and tick data from global markets, generates sophisticated metrics that measure all forms of trading, and provides comprehensive and flexible APIs that support deeper quantitative research and feed into dependent systems. such as algorithms and decision support tools. Their solutions address a wide range of use cases, including TCA and pre-trade, intra-trade and post-trade execution analysis and market structure analysis.
CEO Robin Mess said: “This investment is a testament to Big Xyt’s strong reputation and commitment to innovation, unrivaled data quality and exceptional service. »
“Finch Capital’s support accelerates our product development and team growth and allows us to take our proven expertise to the next level to meet the growing demand for advanced analytics.” These include the need for automation and data-driven decisions in order to cope with regulatory pressures and remain competitive in increasingly complex financial markets.
The platform enables customers to analyze large data sets in T+1 and real-time, helping them make informed business decisions, manage risks and improve business performance. This first round of external financing follows 10 years of profitable and accelerated growth.
Aman Ghei, UK Partner at Finch Capital, added: “big xyt’s expertise in capital markets data automation is crucial as financial institutions face competitive pressures and increasing regulatory requirements. This investment will support their strategic growth in Europe, the United States and the APAC region, strengthening their leadership in business data analytics.
“The big xyt team is uniquely positioned to lead the market with its unrivaled expertise in financial data analytics, strong technological innovation and deep industry knowledge. Their strategic vision, combined with proven experience in scaling complex data-driven solutions, allows 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 advantage, making them the most formidable team to lead this industry .
