News, Insight and Events

1 February, 2023

Level 3 data: A portfolio manager’s key to liquidity risk measure in times of uncertainty

Amid challenging and volatile markets and negative stock performance in 2022, how can portfolio managers control portfolio liquidity risk effectively and maximise the returns from these investment decisions?

18 November, 2022

European and US Trading Landscapes: A deeper look at how market microstructure has changed in 2022

This article analyses the differences between US and European microstructure through the lens of key topics in 2022, and examines their impact on market share, auction volumes, tick sizes and fragmentation.

30 September, 2022

The impact of the LIBOR to SOFR transition on liquidity pockets

How traders can find the best liquidity throughout the complex: the phasing out of LIBOR is having a major impact on futures contracts previously referenced to that rate. We are taking a closer look at how this affects Eurodollar futures.

18 May, 2022

Geopolitical events strain wheat futures market microstructure - taking a deeper look

Market conditions remain highly volatile. This is to be expected during such unprecedented market conditions, but different asset classes are affected in different ways. Here we examine what is happening in the order book for CME wheat futures.

20 April, 2022

Inside the SIP and the microstructure of odd-lot quotes

This article examines the potential impact of recent SEC proposals through the use of Level 3 market data, which provides deep and important insights into the way markets and specific securities are trading across venues.

23 March, 2022

Drivers and effects of Stock Market fragmentation - insights on SME stocks

Using the BMLL Data Lab, academics at Goethe University Frankfurt examined the effects of market fragmentation on trading and market quality of small and medium enterprise (SME) stocks.

9 March, 2022

Level 3 insights - European and US trading landscapes: how they compare and contrast

Understanding the key differences in fragmentation, regulation and market microstructure between the US and European equities & ETFs markets improves decision making for global market participants.

13 December, 2021

Trading strategies can be misled by using only traditional Level 1 Data: Level 3 Data reveals how

Arnaud Bossard, Data Scientist, analyses Italian stock Banco BPM (Ticker BAMI), trading on Borsa Italiana (XMIL), and finds looking at the depth of the order book and Level 3 Data is necessary to truly understand market behaviour.

1 December, 2021

FinJS London panel session: Fintechs innovating with a new distribution model

BMLL, BondCliQ, IPC, Quant Insight and OpenFin discuss democratising app distribution in finance.