BMLL Wins ‘Best Data Science Solution Provider’ at the Hedgeweek US Awards 2024

London, New York, 11 October 2024: We are delighted to announce that BMLL has won “Best Data Science Solution Provider” at the Hedgeweek US Awards 2024. These awards recognise excellence among fund managers and service providers in the US across a wide range of categories.

BMLL was awarded for providing harmonised, Level 3, Level 2 and Level 1 historical data and analytics to hedge funds, helping them improve predictability, quality and speed of alpha through a scalable, managed data and analytics service.

The award recognises BMLL’s support for start-up hedge funds such as Aleto, who leverage BMLL’s data science platform to reduce set-up costs and shorten time to market, as well as BMLL’s capabilities for supporting large systematic hedge funds with alpha generation and operational needs.

Specifically, BMLL helps quant teams deliver predictive alphas: using BMLL’s suite of predictive analytics and scalable research, 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’s ready-to-use, quant-built data science platform, provides hedge funds with the necessary research infrastructure to support their specific operation and growth from the outset, without the high upfront costs and lengthy timelines normally associated with launching a quantitative or systematic fund.

Paul Humphrey, CEO of BMLL, said:We are thrilled to be named Best Data Science Solution Provider at the Hedgeweek US Awards 2024. Hedge funds face significant challenges in obtaining high-quality historical market data, as incumbent real-time data providers often only supply commoditised historical data that lacks the granularity and accuracy needed for effective quantitative strategy development. These data gaps can negatively impact strategy performance and lead to excessive resource allocation for data cleansing and normalisation.

At BMLL, we address this issue by providing hedge funds with high-quality, Level 3, 2, and 1 historical order book data that captures and displays the trading intentions of all market participants. This enables our clients to access clean, reliable data without the need for extensive in-house infrastructure, allowing them to focus on research and development. Our platform not only simplifies access to deep market insights but also scales with the growing data needs of our users, helping them optimise their strategies and stay competitive in a fast-evolving market.”


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 $21 million strategic investment in October 2024, led by Optiver, with participation from CTC Venture Capital and existing investors. This follows BMLL's $26 million Series B investment from Nasdaq Ventures, FactSet, IQ Capital’s Growth Fund and Snowflake Ventures in 2022/2023. Prior to that, BMLL raised $36m through Series A and seed funding rounds.

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