BMLL historical datasets now available via Snowflake Marketplace
Daily Classified Trades, Level 2 Quotes, and Millisecond CBBO datasets added to Snowflake Marketplace
First phase of the BMLL Snowflake partnership now complete, supporting BMLL’s mission to democratise access to the deepest order book data globally
London, New York, 25 January 2024: BMLL, the leading, independent provider of harmonised, historical Level 3 Data and analytics across global equity and futures markets, today announced the availability of three datasets via the Snowflake Marketplace, as it completes the first phase of its programme to increase the ways in which customers can discover, access and evaluate datasets. The initial datasets are Daily Classified Trades, Level 2 Quotes and Millisecond CBBO.
This follows the September 2023 announcement that BMLL and Snowflake entered into a partnership to deliver BMLL’s granular data and analytics to market participants globally. Snowflake Ventures also joined BMLL as a strategic Series B investor at the time. The collaboration is revolutionising how market participants can access and use large datasets, removing the need for costly, in-house storage and data engineering. Instead, data curated and harmonised by BMLL is delivered globally via the Snowflake Marketplace, accelerating time to insights for a broad range of market participants across the sell-side, buy-side and trading venues. Use cases include research, market surveillance, trade and execution analysis and strategy development.
Paul Humphrey, Chief Executive Officer, BMLL, said: ‘We are witnessing a growing demand for high-quality historical datasets across the industry. Capital market participants need the highest quality of data, backed by robust engineering processes and delivered to them in a highly consistent, ready-to-use format. The key to democratising access to high-quality, best-in-class granular market data is to give market participants choices in how they access this data. Making BMLL data available via the Snowflake Marketplace enables seamless data access at scale in addition to the currently available API and FTP options.’
Snowflake Marketplace is a cloud-agnostic platform that provides a convenient and secure way for capital market participants to access, explore and trial market data.
Large datasets are typically cumbersome to deliver and process, and incumbent providers typically deliver low-quality datasets, with poor normalisation or missing fields, which is often difficult to access. This new offering ensures that market participants benefit from the convenience and scalability of the Snowflake Marketplace combined with the ability to easily access BMLL’s high-quality datasets, which are updated daily.
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.