How our Level 3 Data works for Exchanges & Trading Venues

BMLL enables exchanges and trading venues to compete better with their peers by providing high-quality historical market data. Using BMLL market data and analytics enhances market microstructure research, incentivises market makers, and supports the development of effective products.

Enhance Microstructure Research

  • Gain a harmonised view of trading activity across diverse trading mechanisms and venues to make the most informed trading decisions.
  • Effectively benchmark your venue’s performance against peers by utilising a range of pre-computed venue quality metrics such as fill probability, time at N/EBBO, and order mean resting times
  • Using the most granular market data, publish thought leadership containing unique insight-driven to promote your venue and products

Improve Market Maker Monitoring

  • Optimise liquidity provision using full-order book data to generate the most informed market maker incentivisation decisions
  • Enhance market maker benchmarking by combining your venue’s liquidity provider data with harmonised cross-venue Level 3 Data
  • Monitor market maker compliance with regulatory obligations and market integrity rules by utilising a complete record of historical trading activity

Inform Product Development

  • Simulate the performance of new products under various market conditions by accessing a highquality historical data feed
  • Improve risk management by using a complete view of historical trading activity to accurately track and predict the price and volatility of underlying assets
  • Promote exchange-traded products utilising an independent thirdparty data provider to analyse performance against your peers

See our full data coverage here.

Read more about BMLL working with exchanges

Read more about managed analytics services for exchanges