Data and transaction cost analysis (TCA) provider big xyt has confirmed Societe Generale veteran Richard Hills has joined its executive team as head of client engagement.
Hills has spent the past 18 years with Societe Generale, where he launched the investment bank’s equities electronic trading business. He most recently worked as global co-head of cash equities execution, encompassing electronic, program and high touch execution.
As head of client engagement at big xyt, Hills has been tasked with driving innovation through the firm’s partnership engagement model and raising client awareness of big xyt products and services. He will also be responsible for accelerating the implementation of big xyt’s 2020 strategic business plans.
“The investment industry is undergoing rapid and fundamental change, driven by greater passive investment, falling fees and more regulation. I see scalable, high performance technology and data driven automation as the key to survival and success. big xyt’s Best Execution and TCA off-the-shelf analytics products demonstrate the power of this new architecture,” Hills commented.
big xyt acts as an equity market structure reference for exchanges, banks and brokers providing smart data and analytics to the trading and investment community. Its services allow firms to process large sets of data in real-time and in compliance with regulatory requirements.
“After successfully expanding our product and support teams over the last few years we are excited to have Richard onboard to further increase our opportunities. His enthusiasm and expertise will help accelerate our growth with new clients and also provide additional levels of sophistication, added Robin Mess, CEO of big xyt.
big xyt has been working on onboarding new clients to its execution analytics services. Last month, European agency broker Kepler Cheuvreux signed up to implement big xyt’s TCA in a bid to gain more control over its data.