BMLL Expands North American Data Coverage to Canada
Adds Level 3 data from all major Canadian trading venues and exchanges including the Toronto Stock Exchange, the Canadian Securities Exchange; Nasdaq Canada; CBOE Canada (NEO Exchange); Omega ATS and the Canadian Consolidated Book
Provides market participants with a global view of market or venue behaviour, based on the most granular data available
Canadian exchange operators now able to analyse venue performance and liquidity dynamics against local and global peers
London, New York, 13 December 2023: BMLL, the leading, independent provider of harmonised, historical Level 3 data and analytics across global equity, ETFs and futures markets, today announced the expansion of their data coverage to include the Canadian market.
High-quality data is now available from all major Canadian trading venues and exchanges including the Toronto Stock Exchange (XTSE, XTSX, XATS) the Canadian Securities Exchange (XCNQ); CBOE Canada (Neo Exchange) NEOE, NEOD, NEON, NEOC); Nasdaq Canada (CHIC); and Omega ATS (OMGA).
The expansion of data sets across North America complements BMLL’s existing US Equities and ETF coverage; the recent addition of US FINRA ATS/OTC Volumes data; and the addition of data from the Brazil Stock Exchange (B3) in November 2023.
BMLL clients including banks, brokers, asset managers, hedge funds, global exchange groups, academic institutions and regulators 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. They benefit from a global view of market or venue behaviour, based on the most granular data available. In addition, Canadian exchange operators are now able to analyse venue performance and liquidity dynamics and perform venue comparisons against local and global peers.
Paul Humphrey, CEO of BMLL, said: “Since securing our Series B funding just over a year ago, we have worked tirelessly to expand our coverage to include Japan, Australia, Singapore, Hong Kong, China, Brazil, Tel Aviv, South Africa and now Canada. Canadian exchange operators are now able to analyse venue performance and liquidity dynamics against local and global peers.
Market participants need a full picture of market quality, liquidity and order dynamics to make better informed decisions on the markets they trade and the venues they operate. This means that the demand for high-quality historic market data has grown exponentially as participants need to understand market behaviour across jurisdictions.”
Following the Series B investment from Nasdaq Ventures, FactSet, IQ Capital’s Growth Fund and most recently Snowflake Ventures, BMLL has continued to deliver on its mission to democratise access to Level 3 data and analytics and widen data coverage across global jurisdictions.
Over the last 12 months alone, BMLL added data from South Africa including JSE and A2X; Aquis Stock Exchange; APAC data from CBOE Japan, Japannext and Singapore Exchange; Cboe Europe Indices; Shenzhen Stock Exchange; Shanghai Stock Exchange; Australia data from ASX and Cboe Australia; and data from FINRA in the US.
BMLL historic data brings together full depth Level 3 Data from over 75 venues, in 3 asset classes, in 1 harmonised format. BMLL Level 3 Data captures 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. Snowflake Ventures joined the investment round in September 2023.