Systematic Trading Firms

Building systematic strategies requires clean, research-ready market data. But transforming raw feeds into usable datasets is complex and resource-intensive.

BMLL removes this burden by delivering harmonised historical order book data and analytics, enabling quant teams to focus on alpha generation, strategy development, and backtesting.

Key Capabilities Accelerate Alpha Research and Strategy Development

Systematic firms rely on speed, precision, and data quality to stay competitive. BMLL provides research-ready data to accelerate strategy development.

Alpha
Research

Explore market behaviour and test hypotheses using consistent, high-quality datasets.

Strategy
Backtesting

Validate trading strategies across regimes using high-fidelity historical order book data.

Execution
Analysis

Measure impact and optimise execution using granular pre-computed analytics.

Risk
Management

Stress-test strategies against volatility regimes and changing market conditions.

Internal data feed
validation

Utilise a harmonised view of trades, quotes and order book messages to validate internal market data processes and normalisation.

BENEFITS & USE CASES How BMLL Supports Systematic Trading Firms

Platform	Benefit	Use Cases
	A secure cloud-based research environment that enables deep, scalable analysis of harmonised historical market data and pre-computed analytics without infrastructure overhead.	• Alpha generation and signal research • Strategy backtesting • Order book modelling
	Delivers normalised datasets and pre-computed analytics directly into your environment for seamless integration into existing workflows.	• Systematic backtesting pipelines • Continuous risk model updates • Large-scale data ingestion
	A no-code analytics platform that provides instant visibility into market quality and liquidity dynamics.	• Strategy validation • Liquidity monitoring • Market regime analysis

BMLL ECOSYSTEM Explore the BMLL Platform

Access to our full range historical harmonised and normalised level 3, equities, futures, options and prediction markets market data, built in analytics and compute that scales across CPU and GPU. Built for alpha, insights, research, development and data science. Designed by quants.

Petabytes of historical market data and derived analytics, securely delivered to your environment by API, files, cloud warehouse or data platform. Level 3 order book granularity, normalised across venues and geographies, research-ready schema.

Intuitive no code visual application bringing all market participants exceptional granular insights over 500 metrics derived from BMLL best in class Level 3.

Latest news & insights Case Studies and Client Insights

15 April 2026

BMLL & Pico Anonymised Case Study

A systematic trading team at a leading global asset manager set out to develop sub-day trading algorithms for the US equities market. By partnering with BMLL and Pico, they harnessed normalised historical data and real-time, low-latency infrastructure to launch a fully operational intraday trading platform within a year.

Read the Case study

17 February 2026

Powering microstructure research for energy and commodity markets

A systematic trading team at a global energy firm needed a research environment to analyse microstructure and backtest strategies across energy futures. Instead of building in-house, they used BMLL’s data and tools to implement a scalable, fully operational solution within months, enabling fast and efficient strategy development.

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5 September 2024

How data science infrastructure as a service can create a competitive advantage

Aleto (formerly Magma Capital Funds) is a start-up Hedge Fund that delivers cutting-edge product and technology offerings to empower RIAs. Gershie Vann, CEO and Founder speaks to BMLL about the complexities and challenges of setting up a new systematic hedge fund, and how Magma Capital Funds was able to overcome these challenges.

Read the Case study

Systematic Trading Firms

Key Capabilities Accelerate Alpha Research and Strategy Development

BENEFITS & USE CASES How BMLL Supports Systematic Trading Firms

BMLL ECOSYSTEM Explore the BMLL Platform

Latest news & insights Case Studies and Client Insights

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