BMLL wins ‘Best Data Science Solution’ at the Hedgeweek US Emerging Manager Awards 2023
New York / London, 9 June 2023: We are delighted to announce that BMLL has won the ‘Best Data Science Solution’ at the Hedgeweek US Emerging Manager Awards 2023. The award recognises excellence among hedge fund emerging fund managers and service providers. The nominated firms were drawn from a widespread survey of more than 100 emerging hedge fund managers.
BMLL was awarded “Best Data Science Solution'' for providing Level 3 Data to systematic hedge funds. Level 3 data is the most granular data available, covering the full depth order book data from 65 venues, in 3 asset classes, in 1 harmonised format. BMLL Level 3 Data captures 7 years of every insert, modify, execute or delete order book message, available at a T+1 basis at tick level granularity.
With BMLL, hedge funds and their quant teams can deliver predictive alphas, faster and at a lower price than before; they can unlock patterns in market behaviour, improve signal generation and optimise algorithm performance at a fraction of the cost of building the capabilities in-house.
BMLL data and analytics are delivered as Data Science as a Service; BMLL takes care of data engineering to improve research and analysis performance while enabling users to focus on their business.
Rob Laible, Head of Americas at BMLL, said: “We are delighted to have gained industry recognition for our continued innovation in providing the hedge fund community with the data and analytics they need to make sense of market behaviour and maintain a competitive edge. ”
He added: “We are empowering our users with harmonised cross-venue Level 3 Data sets, pre-calculated predictive features and accelerated signal generation to derive meaningful analytics and make better informed decisions.”
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.