BMLL Expands Data Coverage to APAC
Adds Level 3 Equities and ETF data from CBOE Japan, Japannext and Singapore Exchange in first phase of APAC coverage expansion
Provides market participants with the industry’s first, global view of market or venue behaviour [based on the most granular data available]
Delivers on strategic growth plans following the successful Series B funding in Q4 2022
London/ New York, 3 April 2023: BMLL, the leading, independent provider of harmonised, historical Level 3 data and analytics across global equity and futures markets, today announced the expansion of their equities and ETF data coverage to include Asia Exchanges.
Level 3 data from CBOE Japan, Japannext and Singapore Exchange is now available to BMLL users, providing market participants with the industry’s first global view of market or venue behaviour based on the most granular, Level 3 data available. This complements the existing Tokyo Stock Exchange data already offered within the BMLL product suite.
BMLL users include banks, brokers, asset managers, hedge funds, global exchange groups, academic institutions and regulators; they now have access to the most granular Level 3, T+1 order book data on a global scale, as well as advanced pre and post-trade analytics.
Adding APAC data coverage benefits buy-side firms who are looking for Level 3 alpha in Asia markets, or sell-side execution firms, who are looking to enhance their product offering by leveraging Level 3 order book data and analytics. Asia exchanges can perform venue comparisons against their peers both locally and globally, to understand their market quality or the performance of liquidity providers.
Paul Humphrey, CEO of BMLL, said: “The demand for high quality historic market data has grown exponentially as participants need to understand market or venue behaviour across the US, EMEA and APAC. They need to get the full picture of market quality, liquidity and order dynamics to ultimately make better informed decisions on the markets they trade and the venues they run.
It is our mission to continue to democratise access to Level 3 data and analytics and widen our data coverage across global jurisdictions. With phase one of our APAC data coverage expansion complete, we are delivering on the strategy we set out following our successful Series B fundraise in October 2022. Further exchange coverage announcements to follow in due course.”
Dr Elliot Banks, Chief Product Officer at BMLL, added: “Expanding our data offering to include APAC moves us closer towards our goal of having global coverage to benefit our community of users. Exchanges across APAC, EMEA and the US can carry out venue analytics, compare equities and ETFs, without the need to buy, curate and harmonise data. They can do this across a much larger, global market that now also includes Japan, a fragmented trading environment with multiple venues. What’s more, regulators are now able to not only analyse the European and US markets, but also follow the development of Asia markets, which have different regulatory structures.”
BMLL brings together full depth, historic Level 3 Data from 65 venues, in 3 asset classes, in 1 harmonised format, capturing more than 7 years of every insert, modify, execute or delete order book message, available at a T+1 basis at tick level granularity.
About BMLL Technologies
BMLL Technologies is the leading, independent provider of harmonised, Level 3 historical data and analytics to the world’s most sophisticated capital market participants, covering European and US equities and ETFs as well as global futures.
BMLL offers banks, brokers, asset managers, hedge funds, global exchange groups, academic institutions and regulators immediate and flexible access to the most granular Level 3, T+1 order book data and advanced pre and post-trade analytics. BMLL gives users the ability to understand market behaviour, accelerate research, optimise trading strategies and generate alpha more predictably.
Founded in 2014 in the machine learning laboratories of the University of Cambridge, the platform enables researchers and quants across global financial services firms to apply complex statistical techniques to BMLL’s unique big-data sets with applications such as market impact, pre and post trade analytics, order book simulation and compliance. Users no longer need to buy, curate and harmonise data. With BMLL, they gain cost-effective, instant access to a cloud-native Data Science environment via a single web portal, with a long history of the most granular, full order book data across global equities, futures and ETFs for back-testing and simulation, delivered directly into their workflows.
BMLL secured $26 million in their Series B funding round in Q4 2022, led by Nasdaq Ventures, FactSet and IQ Capital’s Growth Fund to fuel further product and geographic expansion.