BMLL wins 'Best Cloud-Based Market Data Delivery Solution' at the 2024 TradingTech Insight Awards USA

London / New York, 7th June 2024: We are delighted to announce that BMLL won “Best Cloud-Based Market Data Delivery Solution" at the 2024 TradingTech Insight Awards USA for its collaboration with Snowflake.

These awards recognise excellence in trading solutions, services and consultancy for capital markets, and focus on vendors providing exceptional trading infrastructure, trading technology, and data solutions.

In Q4 2023, BMLL entered into a strategic partnership with Snowflake to empower market participants globally with granular data and analytics and revolutionise the way the market interacts with historical data. The collaboration follows the investment by Snowflake Ventures, who joined existing Series B investors Nasdaq Ventures, FactSet and IQ Capital’s Growth Fund.

As a result of the partnership, high-quality, granular order book data, stored, curated and harmonised by BMLL, is delivered globally via Snowflake Marketplace, removing the need for costly in-house storage and data engineering while accelerating time to insights. Snowflake’s growing number of capital market clients can access BMLL’s data and analytics at speed and scale.

Paul Humphrey, CEO of BMLL, said: “We are delighted to have been recognised for 'Best Cloud-Based Market Data Delivery Solution' at theTradingTech Insight Awards USA 2024.

Snowflake is aligned with our mission to democratise access to high-quality, large-scale historical data. Our collaboration helps firms leapfrog infrastructure constraints while accelerating time to insights, by making capabilities that were once the preserve of the most sophisticated quantitative firms available to the wider market.

Financial institutions, including Snowflake’s customers, do not need to dedicate time and resources to engineer large unstructured datasets to make them usable, or store unusable data in the cloud, time and again. The cost and collective inefficiency of every organisation doing this themselves is eye-watering. BMLL makes its vast warehouse of curated Level 3 data and analytics available to the market, ensuring that everyone can optimise their data capabilities."

About BMLL Technologies

BMLL Technologies is the leading, independent provider of harmonised, Level 3, 2 and 1 historical data and analytics to the world’s most sophisticated capital market participants, covering global equities, ETFs and 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, 2 and 1 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.

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