BMLL wins ‘Outstanding Market Data Provider’ at The Trade ‘Leaders in Trading’ Awards
London, 10th November 2023: We are delighted to announce that BMLL has won ‘Outstanding Market Data Provider’ at The Trade ‘Leaders in Trading’ Editors’ Choice Awards 2023. The awards shine a light on the firms displaying excellence in data quality and accessibility, technological developments, new partnerships and significant investment.
BMLL has had a significant growth journey over the last 12 months. In October 2022, BMLL raised Series B USD 26 million, led by Nasdaq Ventures, FactSet and IQ Capital’s Growth Fund. In September 2023, Snowflake Ventures joined the Series B round while Snowflake entered into partnership with BMLL to make Level 3 data available globally, via Snowflake Marketplace.
The investment delivered geographic and team expansion as well as global data coverage.
In Q1 2023 BMLL appointed Rob Laible as Head of Americas, Jenny Chen as Head of Sales, Americas, and Tom Jardine as Customer-Facing Data Scientist. BMLL’s team has grown by 35% over the last 12 months, covering engineering, technology, sales and marketing roles.
Client wins include Magma Capital Funds; Aquis Exchange; SIX Group; Jefferies; Berenberg; Bank of England; Financial Conduct Authority; NYU’s Quant Team; and Kepler Cheuvreux.
Data coverage expanded to include South Africa (JSE and A2X Markets); Aquis Exchange data for listed growth companies; APAC (CBOE Japan, Japannext; Singapore Exchange; Shenzhen Stock Exchange); Australia (ASX and Cboe Australia)
Paul Humphrey, CEO of BMLL, said: “We are absolutely delighted to have won the Editors’ Choice award for Outstanding Market Data Provider. Over the last year the whole team has worked exceptionally hard to secure funding, acquire new data sets, make these available throughout our product suite and also expand our geographical presence to the US.
I’d like to thank our team for their unwavering dedication to client service and our investors and partners for backing our mission to democratise access to Level 3 data and analytics. Gaining industry recognition for our high quality data and our data science capabilities is great validation of our offering as we help institutions make sense of market behaviour. The whole team is proud to have won this prestigious award.”
BMLL provides banks, brokers, asset managers, hedge funds, global exchange groups, academic institutions and regulators with immediate and flexible access to Level 3, harmonised, T+1 order book data and advanced pre and post-trade analytics at scale, to help them understand market behaviour.
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. 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.