How our Level 3 Data works for Systematic Hedge Funds
Enhancing Systematic Trading Workflows
BMLL, the leading historical data specialist, provides Level 1, 2, and 3 market data and analytics for Equities, ETFs, Futures and Options to the capital markets. BMLL's high-quality dataset removes the cost and labour-intensive burden of data collection, management, storage, and analytics generation, enabling firms to focus on value-additive tasks such as generating trading strategies, optimising executions, and market structure research.
How BMLL Datasets Enhance Workflows
Develop and optimise trading strategies: Full-depth order book data containing trade information, including trade flags, classification, and market state information, enable traders to generate new or improve existing trading ideas.
Independently validate market data feeds: Coverage across Global Equities, ETFs, Futures, and Options combined with a harmonised data schema enables quant research teams to independently validate their internal market data feeds.
Conduct insightful market microstructure research: Granular market datasets and analytics combined with a rich documentation library and robust research tooling enable researchers to conduct insightful research efficiently.
Enhance execution analysis: A normalised view of all trades across venues and mechanisms with trade IDs enables traders to benchmark trade performance effectively.
- Improve surveillance workflows: A harmonised view of market activity and a record of every order, with order IDs, enables surveillance teams to contextualise spurious orders with prevailing market conditions.
BMLL Data Coverage
BMLL collects, harmonises, stores and manages data.
Venues – 100+ trading venues across Primary venues, MTFs and TRFs
Asset Class – ETFs, Equities, Futures and Equity Options (OPRA)
Geography – Global coverage across all major developed markets 99% of the MSCI World Index ADV.
How BMLL Products Support Systematic Hedge Funds
BMLL Data Feed
High-quality Level 3, 2, and 1 historical datasets and analytics (trades & quotes)
Data and analytics derived from Level 3 historical order books.
Delivered via API, SFTP, S3, Snowflake and kdb+ to client production systems
Fully-managed datasets significantly reduce the time to insight.
BMLL Data Lab
A Python research environment
Cloud-based environment providing scalable computing and research tooling.
Access to a library of all BMLL’s datasets and analytics.
Pre-configure data Infrastructure scales internal data science capabilities.
BMLL Vantage
Powerful market microstructure visualisation tool
Access all BMLL-derived analytics and datasets.
Simple charting tool enables insights to be generated easily.
Intuitive no-code data analysis provides granular insights immediately.
See our full data coverage here.
CASE STUDY: To learn how Aleto (formerly Magma Capital Funds) utilised the BMLL product suite, click here.
ARTICLE: How to compete in a complex landscape: Unleashing the power of big data for start-up hedge funds, click here.