News, Insight and Events | BMLL

News, Insight and Events

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6 February, 2026

24-Hour Market Trading Regulation Issues - And How Some Are Already Being Solved

As U.S. equity trading expands overnight, regulation built for daytime markets is lagging. With after-hours ATSs growing in importance, gaps in transparency and oversight are becoming more pronounced. Exegy and BMLL examine how regulation is adapting to a 24-hour market and why high-quality data is essential to future oversight.

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24 October, 2025

Goldman Sachs: How Well Are UK & EU Stock Markets Working?

Stock markets in the UK and the EU have transformed over the last decade as increased competition among trading venues and a shift in the composition of market participants have changed how and where trading happens.

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5 December, 2026

Study on consolidation and reducing fragmentation in trading and post-trading infrastructures in Europe

EU capital markets remain too fragmented and complex to support the SIU’s goals. Outdated, costly infrastructure and slow progress on legal harmonisation, especially in tax and securities law, continue to block integration. Interviews with about 100 stakeholders confirm that national legal...

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14 August, 2025

A-Team Insight - Broadridge and BMLL Partner to Embed Pre-Trade Analytics into Trading Workflows

Dr Elliot Banks, Chief Product Officer, BMLL, recently met with Mike O’Hara, A-Team Insight, to discuss how Broadridge is integrating BMLL’s granular Level 3 data and analytics infrastructure into its own tailored solutions.

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6 August, 2025

Markets Media - KCx Partners with BMLL to Speed Roll Out of New Trading System

KCx, the execution services division of independent European broker Kepler Cheuvreux, accelerated the development of its trading technology stack by using historical data from BMLL to build a new smart order router.

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16 July 2025

THE LIQUIDITY MATRIX

We are proud to have provided the highly granular Level 3 data in Oliver Wyman's recent report, addressing fragmentation in European equity markets and diving deep into the complexities of European market fragmentation and price discovery. It looks at striking the balance between deepening liquidity, innovation, and competition.

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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.

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3 June, 2025

BMLL and Saudi Tadawul Group partner on launch of cloud-based analytics tools

Through the partnership institutional investors, quants and analysts will be able to access deep historical order book data and run advanced models in a Python-native environment.

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27 May, 2025

Unlocking the Value of Data as a Differentiator

Data access is no longer the challenge—it’s how well organizations manage and use it to create value. This requires a mindset shift: treating data as a product that is discoverable, trusted, and fit for purpose.

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13 May, 2025

A new approach to Level 3 market data

This article is the story of how Optiver became, first, customers of BMLL’S Level 3 historical data, and then investors. It’s also the story of how companies like BMLL, with the help of Optiver, are putting the ‘buy’ into the age-old ‘build versus buy’ question when it comes to historical market data.

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12 May, 2025

Optiver relies on BMLL market data for quant strategy

The market-maker has built its trading business on top of BMLL’s Level 3 data. But the collaboration is young, and the pair have grand plans to make options the next quant frontier.

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8 May, 2025

Kepler Cheuvreux’s KCx introduces new smart order router

The new SOR uses BMLL Level 3 data and aims to assist clients in achieving execution and liquidity capture.

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1 May, 2025

CNVM Bulletin 2025

The first months of 2025 have been shaped by the economic policy decisions of the new Trump Administration, particularly regarding tariffs. The year had initially begun with expectations of a mild economic slowdown and a continuation of interest rate cuts. However, the United States soon announced tariff measures, initially targeting its closest trading partners, Mexico and Canada, and subsequently extending these to nearly all its trading partners.

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16 April, 2025

Insight & Analysis: Eighty percent of liquidity disappeared from long bond future post 2 April

The DESK’s analysis reveals that liquidity providers withdrew in response to unprecedented volatility, causing a collapse in the order book’s top ten levels.

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16 April, 2025

The Trump effect: how tariffs rocked global equity markets - in five charts

In the ten days since the announcement, global equity markets have gyrated wildly. Using five charts, we examine the magnitude and character of the market's response - through trading volumes, message traffic, and options activity.

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