BMLL wins ‘Best Data Provider’ at the US Fund Intelligence Operations & Services Awards 2024
New York / London, 16 February 2024: We are delighted to announce that BMLL has won the ‘Best Data Provider’ at the US Fund Intelligence Operations & Services Awards 2024. The award recognises fund service providers demonstrating exceptional client service, innovative product development, and strong and sustainable business growth.
BMLL was awarded ‘Best Data Provider’ for its continuous expansion and growth over the last year. 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.
The funding supported investment in expanding its historical datasets across global jurisdictions; growing the BMLL engineering expertise to integrate these new data and analytics capabilities into existing products for an ever-expanding universe of customers; and building on the existing presence in North America with the creation of a team in New York.
Over the past year, BMLL secured several significant Tier 1 clients such as Investment Banks, Exchanges and Buy-side firms; forged collaborations with regulators (FCA), a central bank (Bank of England) and leading quants from NYU’s Mathematics in Finance program.
What’s more, BMLL established global data distribution partnerships with Snowflake and Exegy, to democratise access to BMLL’s unique Level 3 data and analytics around the world.
Paul Humphrey, CEO of BMLL, said: “We are delighted to have gained industry recognition for our continued growth and innovation. We provide the fund management community with a scalable managed data and analytics service to improve their signal generation and speed of alpha.
With BMLL, hedge funds seeking to optimise their quantitative strategies and navigate complex market structure dynamics can easily access the most granular data and analytics available, without investing in additional data engineering resources.”
About BMLL
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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