News, Insight and Events

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.

26 November, 2021

A managed analytics service, exclusively for exchanges

Innovation is the only way forward. The BMLL EMPA managed service enables a deep understanding of liquidity dynamics and well-informed benchmarking

7 October, 2021

Changing market states on the newly expanded DAX40

Over €3.8 billion traded across European venues in the 10 names added to the DAX-30, nearly a 5 times increase over the 90-day average, ahead of the DAX-30 rebalance.

23 September, 2021

Trading InfoSnack: Stale Prices and the Price of Being Stale

Dark trading mechanisms have become an integral part of the European liquidity landscape. In this context, the PBBO midpoint is a core benchmark. The equity experts at SIX Swiss Exchange evaluate...

14 September, 2021

The Safety of Maths: Integrating historical pricing data and analytics capabilities into EMS for buy-side traders

In order to meet the buy-side’s appetite for historical pricing data, a fintech collaboration between BMLL and FlexTrade seamlessly integrates BMLL’s Level 3 data and analytics capabilities into FlexTrade’s execution management system [...]