Key Takeaways
- • Stockholm-headquartered systematic asset manager Lynx Asset Management has selected xyt, an independent trade data and analytics provider, as its provider of independent volume and liquidity analytics for global equities.
- • xyt's classifications cover the treatment of trade condition codes and deferred transactions, identification of retail flow, and classification of addressable volumes across lit and dark venues, systematic internalisers, and other trading mechanisms.
- • Lynx's co-head of Systematic Equities, Andreas Johansson, says the data provides venue and time-of-day granularity across the addressable market that is difficult to source independently, and is already refining how Lynx models liquidity across its universe.
- • xyt CEO Robin Mess positions the partnership as evidence that sophisticated systematic investors need interpreted market-structure data rather than raw feeds.
Summary
xyt, an independent provider of trade data and analytics, has been selected by Lynx Asset Management, the Stockholm-headquartered systematic asset manager, to supply independent volume and liquidity analytics for its global equities business. According to the announcement, which was published by Asset Servicing Times, xyt will apply its market-structure expertise to interpret and categorise trading activity across markets, giving Lynx a consistent, high-resolution view of intraday liquidity across its global equities universe.
The service includes the appropriate treatment of trade condition codes and deferred transactions, the identification of retail flow, and the classification of addressable volumes across lit and dark venues, systematic internalisers, and other trading mechanisms. Applying these classifications uniformly across markets is intended to allow Lynx to understand not only how much trading occurs, but which liquidity is relevant to its strategies.
Andreas Johansson, co-head of Systematic Equities at Lynx, said that understanding where and when liquidity appears intraday is central to the firm's approach to systematic equity strategies. He noted that xyt provides a level of venue and time-of-day granularity that is difficult to source independently, and that the data is already sharpening how Lynx models liquidity across its universe.
xyt CEO Robin Mess said the firm was excited to welcome Lynx as a client, arguing that sophisticated systematic investors need more than raw market data and must understand what trading activity represents. He said combining market-structure expertise with consistent liquidity analytics across venues and trade categories is a core strength of xyt's platform, and that the firm looks forward to supporting Lynx as its systematic equities franchise continues to grow.
Lynx, founded in 1999 and led by CEO Martin Kallström, is a systematic investment manager whose stated mission is to deliver high risk-adjusted returns through strategies built on data, analysis and technology. The announcement does not disclose financial terms of the engagement or the assets under management of the Lynx strategies that will use the analytics.
The service includes the appropriate treatment of trade condition codes and deferred transactions, the identification of retail flow, and the classification of addressable volumes across lit and dark venues, systematic internalisers, and other trading mechanisms. Applying these classifications uniformly across markets is intended to allow Lynx to understand not only how much trading occurs, but which liquidity is relevant to its strategies.
Andreas Johansson, co-head of Systematic Equities at Lynx, said that understanding where and when liquidity appears intraday is central to the firm's approach to systematic equity strategies. He noted that xyt provides a level of venue and time-of-day granularity that is difficult to source independently, and that the data is already sharpening how Lynx models liquidity across its universe.
xyt CEO Robin Mess said the firm was excited to welcome Lynx as a client, arguing that sophisticated systematic investors need more than raw market data and must understand what trading activity represents. He said combining market-structure expertise with consistent liquidity analytics across venues and trade categories is a core strength of xyt's platform, and that the firm looks forward to supporting Lynx as its systematic equities franchise continues to grow.
Lynx, founded in 1999 and led by CEO Martin Kallström, is a systematic investment manager whose stated mission is to deliver high risk-adjusted returns through strategies built on data, analysis and technology. The announcement does not disclose financial terms of the engagement or the assets under management of the Lynx strategies that will use the analytics.
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