BMLL wins 'Best Data Provider for Equities' at the US Fund Intelligence Operations and Services Awards 2023
New York / London, 17 February 2023
We are delighted to announce that BMLL has won the “Best Data Provider for Equities” at the US “With Intelligence, Fund Intelligence Operations and Services Awards” 2023. The award recognises fund service providers demonstrating exceptional client service, innovative product development, strong and sustainable business growth, those driving up service standards across the sector in the US and stand out from the crowd as the ones the big providers really want to win.
BMLL was awarded “Best Data Provider for Equities” for its continuous expansion and growth over the last year. BMLL has expanded its product offering to cover the Futures Market and launched its flagship product BMLL Vantage in Q4 2023, a no-code data visualisation platform for European, US equities and ETFs.
Most recently, BMLL secured $26 million in funding from Nasdaq Ventures, FactSet, and IQ Capital’s Growth Fund. The investment will help BMLL deliver on its razor-sharp focus on customer needs for more data coverage across an increasing number of global markets. The funding will support investment in acquiring new data sets globally; growing the BMLL engineering capabilities 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 opening of an office in New York.
What’s more, latest client acquisitions include exchanges and brokers; regulators such as the Financial Conduct Authority and the Bank of England who are using BMLL data to analyse market dynamics; and academics who are conducting futures markets research using BMLL’s granular Level 3 data.
Paul Humphrey, CEO of BMLL, said: “We are delighted to have gained industry recognition for our continued growth and innovation in providing the fund management community with the data and analytics they need to make sense of market behaviour and maintain a competitive edge. ”
He added: “I’d like to thank our extremely talented team who continue to deliver outstanding products and client services, making our Level 3 data accessible to the wider market.”
Read the full list of winners awarded here.
Sybille Mueller, Carmen Rey - Streets Consulting
Tel: +44 (0)20 8187 8324
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 at unparalleled speed and scale. BMLL gives users the ability to understand market behavior, 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.