BMLL welcomes the Sustainable Trading initiative; becomes a founding member

London 22 February:
We are excited to announce that BMLL is one of the founding members of the Sustainable Trading initiative, a membership network set up by industry veteran Duncan Higgins to drive positive change in the financial markets trading industry by helping firms improve the ESG performance of their trading businesses.

The Sustainable Trading network will consider how the financial trading industry builds, maintains and operates trading infrastructure, with an additional focus on diversity, equity and inclusion, employee wellbeing, engagement with communities and a stakeholder-oriented approach to management of businesses. The findings and conclusions of the network will be developed into practical solutions and industry standard best practices, giving firms an actionable approach to implementing positive change.

Paul Humphrey, Chief Executive Officer, BMLL Technologies, commented: “Getting involved with the Sustainable Trading initiative from the start has been a strategic decision for us. ESG is at the forefront of our minds, not only in terms of the environmental aspect of BMLL’s operations, where our products are built for sustainability from the outset, but also in terms of diversity, equity and inclusion. Diversity of thought and skills is key to our growth and recruitment drive. We welcome the efforts of the Sustainable Trading initiative as well as Duncan’s leadership in this. We are determined to play our part in shaping how we respond to the ESG challenges we face as an industry.”

Dr Elliot Banks, Chief Product Officer, BMLL Technologies, added: “We are proud to be founding members of the Sustainable Trading initiative and look forward to working alongside financial market participants across the buy-side, sell-side and vendor community with a common goal to make trading operations more sustainable.”

“At BMLL, we strive to actively reduce the environmental impact of data [storage] and analytics consumption for the industry by offering ‘Data Science as a Service’ to all market participants. We have done the heavy lifting in terms of data engineering, making the most granular Level 3 data and analytics available alongside a scalable compute environment, so that our customers don’t have to build their own. What's more, we are completely AWS native - who are on a path to powering their operations with 100% renewable energy by 2025 - to provide the power required to turn big data into relevant insight and analytics that help clients improve their trading strategies, analysis and outcomes.”

Membership of Sustainable Trading is open to participants within financial services engaged in trading or providing trading-related services. Drawn from across the industry, the founding members include: Aegon Asset Management, AllianceBernstein, ArchES, AXA Investment Managers, Bank of America, big xyt, BMLL Technologies, BMO Capital Markets, BTIG, Credit Suisse, Equinix, Euronext, Federated Hermes, Instinet, Invesco, Investec, Jefferies, Liberum, Liontrust, London Stock Exchange Group, M&G plc, Neovest, Ninety One, Options Technology, Outset Global, Redburn, Russell Investments, State Street Global Advisors, T. Rowe Price and Union Investment.


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. BMLL offers banks, brokers, asset managers, hedge funds and global exchange groups immediate and flexible access to the most granular Level 3, T+1 order book data and advanced analytics, enabling them to accelerate research, optimise trading strategies and generate alpha at unparalleled speed and scale.

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 & 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.

Read Sustainable Trading's Press Release.