News, Insight and Events

30 July, 2025

Market Structure in South Africa

In the latest A2X webinar, Chief Product Officer for BMLL, Dr Elliot Banks will join as guest industry expert. Get a sneak-peek into European trends, and how, by using historical market data, he can reveal how these trends may be expected to play out in the South African marketplace.

10 July, 2025

Aggregated metrics to better understand the market

A selection of 7 aggregated metrics to better understand the market, including Volatility, TWA Spread, Quote to Trade, Mean Resting Time, Notional Liquidity Around BBO, Fill Probability and Auction Dislocation.

4 July, 2025

BMLL wins ‘Best Market Data Provider’ at the Capital Markets Technology Awards APAC 2025

We are delighted to announce that BMLL has won the ‘Best Market Data Provider’ at the Capital Markets Technology Awards APAC 2025. These awards recognise the innovations and solutions that are reshaping the region’s technology in the capital markets landscape and showcase breakthrough achievements across the financial enterprise.

3 July, 2025

View From The Feed - Futures

Using BMLL’s granular Level 3 Data, explore the micro-structure for a variety of future assets. The metrics used to describe the market state include Liquidity, Volatility, Iceberg order (CME produce only), and more. You can access the full picture of an individual future product, in a six month time span.

26 June, 2025

BMLL Market Lens: US Liquidity Maps

BMLL Market Lens: US Liquidity Maps provide insight into the US equity markets with a view of the top 500 US stocks across the major trading and execution venues over a 13-month period.

25 June, 2025

BMLL Data Feed Wins ‘Best Consolidated Market Data Feed’ at the 2025 TradingTech Insight Awards USA

We are delighted to announce that BMLL has won ‘Best Consolidated Market Data Feed’ at the 2025 TradingTech Insight Awards USA. These awards recognise excellence in trading solutions, services, and consultancy for capital markets, focusing on vendors that provide exceptional trading infrastructure, trading technology, and data solutions.

24 June, 2025

Into the Close: Unpacking U.S. Closing Auction Dynamics and the Impact of the Russell Reconstitution

This article examines U.S. closing auctions and their behavior during the annual Russell Reconstitution. It shows how different exchanges (NYSE, Nasdaq, NYSE Arca) and order types (like NYSE D-Orders) impact price formation, and how auction volumes and imbalances spike on rebalance day. Understanding these dynamics and historical data is key for traders managing execution and risk into the 2025 reconstitution.

19 June, 2025

BMLL Market Lens: European Liquidity Maps

BMLL Market Lens: European Liquidity Maps provides insight into the fragmentation of European equity markets via a view of all Cboe Europe All Companies index constituents across the major European trading and execution venues over a 12-month period.

15 June, 2025

Tragedy of the Commons - Price Formation Edition

Stefan Schlamp, Head of Quantitative Analytics, Deutsche Borse writes "Tragedy of the Commons - Price Formation Edition" using BMLL data.