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.
13 September, 2022
SIX Infosnack 11: Crumble in the Jungle
Using BMLL data, SIX highlights the trade-off between fill probability and adverse selection utilising Order Book Imbalance (OBI) state and a Crumbling Quote Signal (CQS)...
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12 September, 2022
Euronext confirms resilient market quality for equity trading
Using BMLL Data, Euronext runs cross-venue market quality analyses to demonstrate how its venues perform compared to its peers.
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14 July, 2022
BME Trading Focus - Find the liquidity you need. When you need it.
This study - using BMLL data - aims to provide an insight into the structure of the main order books in which Spanish securities are traded. Some metrics such as ‘fill pr...
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17 May, 2022
Kepler Cheuvreux and BMLL partner on order book analytics and algo development
Kepler Cheuvreux works with BMLL to boost its order book analytics and improve algo performance. The collaboration will free up Kepler’s quant researchers to spend more t...
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10 May, 2022
Is the equity market becoming more resilient to global turmoil?
Using BMLL Data, Euronext provides analysis comparing the market quality metrics in 2020 during the first wave of the Covid-19 outbreak and the recent market turmoil in 2...
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3 May, 2022
SIX Infosnack 10: Order routing: analyzing the optimization problem with the “rule of three”
Read about the core factors that trading participants take into consideration when routing orders.
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4 March, 2022
European order book quality research
BMLL is proud to support European order book quality research by SIX Swiss Exchange and the Institute for Operations Research and Computational Finance (ior/cf-HSG) of th...
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21 December, 2021
The TRADE predictions series 2022: data
Paul Humphrey, CEO, BMLL Technologies: 'When you understand the predictive power of Level 3 data, you understand the future was created yesterday.'
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16 December, 2021
Euronext Equities: Market Quality Analysis
Using BMLL Level 3 Data, Euronext provides a short market quality analysis in order to tackle this lack of information, while opening the door for further research.
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2 December, 2021
Customised Analytics Supporting Best Execution
Marc Berthoud, Head of Exchange Data Strategy at SIX, explains in a video interview how SIX Swiss Exchange partners with BMLL.
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