Industry Reports & Articles

Access a curated collection of industry reports, expert articles and independent research exploring the evolution of market structure, trading performance and capital markets technology.

Bringing together insights from BMLL, industry leaders and respected publications, these resources provide valuable perspectives on the opportunities and challenges facing market participants today. From regulatory change and execution quality to data analytics and market transparency, discover the research and thought leadership shaping the future of financial markets.

Talk to our team

The Tick of It: Assessing the impact of recent tick size changes on spread and liquidity across the FTSE 100

LSEG latest report 'The Tick of It' takes a closer look at the recent tick size changes across FTSE 100 stocks...

18 November, 2025

ESMA transparency changes set to backfire, SIs say

ESMA’s move from the double to single volume cap was promoted as an easing in regulation. But systematic internalisers say the move will result in dark volume moving to p...

28 October, 2025

When size matters in options markets

While traders often compare options markets by number of contracts traded, that metric can be misleading — because the economic value of contracts differs across markets....

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 participan...

10 September, 2025

A-Team Insight - BMLL Frees Quants from Data Prep with New Trades Plus Offering

Data and analytics provider BMLL has launched Trades Plus, a new equities dataset designed to eliminate the complex and time-consuming process of combining trade and quot...

10 September, 2025

SIX Swiss Exchange - Trading InfoSnack #15: Mirror, Mirror on the Wall

The new data driven research feature of SIX Swiss Exchange examines the patterns of price setting and price mirroring across venues in a fragmented liquidity environment,...

3 September, 2025

Liquidity Landscape: EMEA Mid-Point Update

Year-to-date, the Europe 600 and US 500 indices have delivered comparable performance. After trailing its European counterpart by nearly 10% at the end of Q1, the US inde...

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 ana...

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...

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 ...

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.

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 env...

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 di...

Receive Market Insight from BMLL: the latest thought leadership and global market microstructure analysis delivered directly to your inbox

© 2026 BMLL
Terms
Privacy
Cookies