BMLL wins "Most Innovative Cloud-Based Market Data Delivery" at the A-Team Innovation Awards 2024

London, 1st May 2024: We are delighted to announce that BMLL won “Most Innovative Cloud-Based Market Data Delivery" at the A-Team Innovation Awards 2024 for its collaboration with Snowflake.

These awards recognise innovative projects and teams across the vendor and practitioner communities that make use of new and emerging technologies to deliver high-value solutions for financial institutions in capital markets.

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.

As a result of the partnership, Level 2 order book data stored, curated and harmonised by BMLL, is delivered globally via the 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 thrilled to have been recognised for “Most Innovative Cloud-Based Market Data Delivery" at the A-Team Innovation Awards 2024. Snowflake is aligned with our mission to democratise access to high quality, historical data because BMLL’s data and analytics is one of the best use-cases for large-scale, financial market data in the cloud.

With the collaboration, financial institutions, including Snowflake’s customers, no longer need to own, store, engineer and manage these data sets time and time again. Instead, they can concentrate on differentiating themselves by what they do with the data, not by owning it. Essentially, the partnership helps firms leapfrog infrastructure planning and implementation time, lower costs, and accelerate time to market.”

In January 2024, BMLL announced the initial datasets available via the Snowflake Marketplace: Daily Classified Trades, Level 2 Quotes and Millisecond CBBO. This completes the first phase of BMLL’s collaboration with Snowflake created to increase the ways in which customers can discover, access and evaluate datasets.

Snowflake Ventures joined the BMLL Series B $26m investment round in September 2023, at the same time as Snowflake entered into a global data partnership with BMLL.

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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