News, Insight and Events | BMLL

News, Insight and Events

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7 January, 2026

The data beneath the surface: what the first month of Reg NMS changes actually revealed

The US equity market is undergoing major structural change, and early analysis of the first Reg NMS updates shows that while reported liquidity metrics have shifted, underlying liquidity has not - only the way it is measured. Changes to round lots, upcoming fractional share reporting, odd-lot NBBOs, and dynamic tick sizes mean firms can no longer rely on top-of-book data without risking flawed analysis and backtests. At the same time, structurally growing overnight and hidden liquidity underscore the need for granular Level 3 data to trade, manage risk, and generate alpha as the market heads into 2026.

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24 November, 2025

Competing in today’s dynamic markets with faster, smarter execution analytics: How a leading $1.5 Trillion AUM asset management firm leveraged BMLL data to optimize TCA workflows

How a leading $1.5 Trillion AUM asset management firm leveraged BMLL data to optimize TCA workflows

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27 October, 2025

A New Chapter: Nordic Capital to Accelerate BMLL’s Mission

This is truly a proud day for BMLL, for our clients and our team as we announce that Nordic Capital is acquiring BMLL. Only a few months ago, I talked about the game-changing years we’ve had, but now, we are playing in a different league. Let’s be clear - this is more than just an acquisition; it is a profound partnership built on a joint commitment to acce...

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3 March, 2025

FinTech Focus TV - Leveraging Data as a Differentiator

BMLL’s Elliot Banks and Ben Collins discuss how high-quality historical data is unlocking the real value in AI, trading strategies, and market analytics – with FinTech Focus TV.

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25 February, 2025

Growing a FinTech Powerhouse

Paul shares his journey from banking and broking to leading one of the most innovative firms in market data analytics. He reveals how BMLL is democratising access to Level 3 order book data, the challenges of scaling a FinTech, and why discipline, vision, and fearless execution are critical to success.

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19 February, 2025

There is a clear trend towards 24/7 Equity Trading. But how much liquidity is available for participants during overnight trading?

A deep dive into the recent tech sector drop, the impact of the DeepSeek news, and how this affects the US Open.

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11 February, 2025

A game-changing year for BMLL

2024 has been nothing short of revolutionary for BMLL. We have redefined industry standards, setting a new benchmark for data quality across the market.

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30 January, 2025

BMLL Expands Global Reach with Unified Market Data and Advanced Analytics

BMLL’s Rob Laible spoke with John Lothian News at FIX EXPO Chicago. They discussed fintech investment drivers, and how easily accessible high quality historical data helps market participants in understanding market structure changes.

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23 January, 2025

Now is the time to get your event-driven trading strategies ready for India’s Budget Day on 1 February

India’s Budget Day may significantly impact trading volatility and volumes, to the point that India’s stock exchanges are keeping markets open on Saturday 1 February, to allow investors to trade. Anantya Bhatnagar, Quantitative Analyst, BMLL, takes a granular Level 3 data look at the dramatic impact of India’s 2024 budget on market behaviour.

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3 December, 2024

The Rise of Retail Trading - The European Perspective

Following our previous article on retail trading where we examined the US markets, we now look at the European retail trading landscape, using Level 3 order book data to build a fuller picture of retail trading activity.

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21 November, 2024

The Rise of Retail Trading - The US Perspective

The article explores the growing influence of retail investors in U.S. equity markets, particularly how their trading behavior differs from institutional investors. By leveraging Level 3 historical data, the article highlights how on-exchange retail volumes can be tracked more accurately than with delayed or aggregated data, providing clearer insights into retail activity and its impact on market structure.

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30 October, 2024

EDGA Equities Exchange migrates to Maker-Taker Model: the impact on market microstructure

From November 1, 2024, CBOE’s EDGA® Equities Exchange will shift from an "inverted" marketplace to a "maker-taker" (m-t) model.

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18 September, 2024

Plotting at the Triple Witching Hour: how the Closing Auction has changed

In this article, Daniel Friensener, Quant Analyst, compares the closing auction for 2023 and 2024 across global markets, and examines the changes when it comes to a Triple Witching day.

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12 September, 2024

Empowering Efficient Trading Strategies - A Guide for Historical Market Data Buyers

High quality historical data can significantly enhance trading strategies by providing insights into market trends, liquidity, and volatility. By analysing historical data, traders can identify
patterns, predict market movements, and optimise their strategies for better trading performance.

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11 September, 2024

€STR Wars Part III: Return of the €STR

Analysis of futures linked to the Euro short-term rate (€STR) contract, and the importance of understanding this liquidity in order to minimise the cost of trade, find liquidity and hedge efficiently.

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