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.
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 quan...
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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 w...
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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 - th...
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15 April, 2025
S&P500 futures liquidity declined 90% at height of tariff turmoil
Global Trading analyses the how depth of order book collapsed as liquidity providers fled unprecedented volatility.
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11 April,2025
Tariffs and turmoil: Rising volatility and the true cost of trading in Europe
With recent market volatility, we examined the impact of Trump's tariffs on market structure and how people traded.
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12 March, 2025
FCA pledges caution as industry voices concern over rise of bilateral trading
At the FIX EMEA Trading Conference, 46% of attendees highlighted the rise of bilateral trading and its effect on public market price formation as their top regulatory con...
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6 February, 2025
Traders Must Prioritize Data Quality for Better Execution
Dr. Elliot Banks, CPO, and Rob Laible, Head of Americas, spoke with Traders Magazine at Equity Leaders Summit (ELS) about the importance of high-quality data and how it h...
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12 December, 2024
Liquidity, it’s a two-way street
Annabel Smith delves into the increasing role of bilateral trading in European equities, exploring how the evolution of this complex sector could shape future liquidity a...
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