HOW OUR DATA SUPPORTS INDEPENDENT SOFTWARE VENDORS (ISVs)

ISVs power innovation across capital markets, providing platforms, trading systems, and analytics that clients depend on. BMLL accelerates ISVs’ product development, delivers differentiated capabilities, and reduces infrastructure costs by providing the highest-quality harmonised historical Level 3, 2 and 1 market data and pre-computed analytics, which can be easily fed directly into systems via scalable delivery methods.

ISV BMLL USE CASES

Below are example use cases showing how ISVs can leverage BMLL data and analytics within their platforms. Individual ISVs may prioritise different applications.

  • Pre-Trade Analytics: Integrate BMLL Level 3, 2 and 1 data to deliver forecasts on execution time, market impact, and volatility before trade submission.
  • Cross-Algo Benchmarking: Use harmonised multi-venue datasets to backtest and compare algos consistently, helping clients optimise routing strategies.
  • Enable Embedded TCA: Improve post-trade analytics and compliance-ready reporting with BMLL’s normalised datasets.
  • Surveillance: Build stronger surveillance and compliance solutions with microstructure data for spoofing/layering detection and ensure data lineage.
  • Risk Management: Power scenario analysis and intraday risk models with nanosecond-granular order book data for historical backtesting.
  • Simulation & Market Replication: Provide simulated execution environments using historical BMLL data to train and validate trading algorithms.

SOLVE KEY CHALLENGES UTILISING BMLL


BMLL’S COMPREHENSIVE DATASET COVERAGE

  • Venues: 100+ trading venues (primary exchanges, ATSs, MTFs, RFQs)

  • Asset Classes: Equities, ETFs, Futures and OPRA Options

  • Geography: Global coverage across developed and emerging markets

BMLL is ISO27k certified and Vendor of Record for our historical data products, removing the need for ISVs to manage individual venue data licences.


HOW ISVs BENEFIT FROM BMLL DATA AND ANALYTICS

Leading ISVs have integrated BMLL’s Level 3, 2 and 1 data and analytics into trading and risk solutions. By adopting a “buy to build” model, they rapidly deliver pre-trade analytics, liquidity insights, and benchmarking tools, creating a competitive advantage while reducing overhead.

  • Faster Go-to-Market: Deliver new analytics or data-driven features in weeks, not months. Leverage ready-to-use APIs, harmonised historical datasets, and scalable infrastructure to shorten development cycles, freeing product and engineering teams to focus on generating differentiating features.

  • Differentiated Offerings: Enhance OMS, EMS, risk, compliance, surveillance or analytics platforms with unique microstructure insights. Integrate BMLL’s fully managed datasets into your software, enabling advanced analytics, pre-trade insights, or post-trade reporting.

  • Improved Client Workflows: Embed historical data and analytics directly into OMS, EMS, risk or surveillance solutions to provide clients with actionable insights at the point of decision.

  • Expanded Market Coverage: Access global Equities, ETFs, Futures, and Options datasets across 100+ venues to scale your software offering internationally.

  • Lower Costs: Avoid building and maintaining large-scale market data infrastructure.

  • Scalable & Secure: Built on ISO27k-certified cloud infrastructure for enterprise reliability.