Market Insight
Stay ahead of evolving market dynamics with expert perspectives, research and analysis from BMLL.
Our Market Insights bring together observations from across the capital markets ecosystem, helping firms better understand market behaviour, optimise execution strategies and uncover opportunities through high-quality historical data and analytics.
15 October, 2026
BMLL Market Lens: European Liquidity Maps
Periodic auctions flat over a year in which the market grew 30%.
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15 October, 2026
The curious case of extra orders at Tokyo's level 11
On Tokyo Stock Exchange, a peculiar order cluster sits exactly 10 price ticks from the best price. That is usually the 11th book level, the first beyond the level 10 that...
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8 October, 2026
FIX NextGen - Episode 8: Data, AI and Trading
Watch Dr. Elliot Banks and Janak Patel discuss about Data, AI and Trading in Episode 8 for FIX NextGen
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8 October, 2026
View From The Feed
September 2026: Most equity liquidity thins as intraday volatility rises. Intraday volatility rose in all five European indices in September against August (IT40 +16%, F...
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1 October, 2026
View From The Feed - Futures
Using BMLL’s granular Level 3 Data, explore the micro-structure for a variety of future assets. The metrics used to describe the market state include Liquidity, Volatilit...
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1 October, 2026
When Kalshi and Fed funds futures disagree
Using BMLL's normalised market data for both instruments, we see that Kalshi priced less tightening by the Fed than the CME Fed Funds future in the month before both the ...
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25 September, 2026
BMLL Market Lens: US Liquidity Maps - Slow back to school
BMLL Market Lens: US Liquidity Maps provide insight into the US equity markets with a view of the top 500 US stocks across the major trading and execution venues over a 1...
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24 September, 2026
Work in FinTech - Paul Humphrey
Hear Paul Humphrey's interview at Work in FinTech event in London where it brought together leaders, innovators and the next generation of fintech talent, the summit also...
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11 September, 2026
Forecasting Short-Term Volatility: How Precise, Analytics-Ready Data Gives Market Participants the Edge
This article explores how market participants can improve short term volatility forecasting with BMLL harmonised high quality historical data.
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8 September, 2026
Work in Fintech AI Summit 2026
Paul Humphrey, CEO, BMLL spoke at Work in Fintech AI Summit 2026. Watch the event highlights.
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10 September, 2026
BMLL Market Lens: View From The Feed
A selection of 10 aggregated metrics to better understand the market, including Volatility, TWA Spread, Quote to Trade, Mean Resting Time, Notional Liquidity Around BBO, ...
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20 August, 2026
SEC Rule 605: BMLL’s SIP Trades Plus and 16 harmonised US data feeds solve new reporting requirements
Rule 605 of Regulation NMS previously required only market centers to publish monthly, in arrears, statistics on execution quality. Amendments took effect on 1 August 202...
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