BMLL wins the Financial News Trading & Tech Award for ‘Data Provider of the Year’ for the second year running
Takes Runner-up Position for ‘Financial Technology Innovation of the Year’
New York / London, 8th June 2023: We are delighted to announce that BMLL has won the Financial News Trading & Tech Awards for ‘Data Provider of the Year’ for the second year in a row and was nominated runner-up for the ‘Financial Technology Innovation of the Year’.
The awards recognise providers of market information, with broad offerings, new products and business wins in Europe over the past year as well as the most innovative financial technology initiative or product for the European institutional trading market.
BMLL was awarded ‘Data Provider of the Year’ for providing market participants with the most granular Level 3 data and analytics to interpret market behaviour, optimise trading strategies, compare venue performance and ultimately make better informed trading decisions.
BMLL Vantage, launched in Q4 2022, took BMLL’s data science capabilities a step further, to a wider audience. BMLL Vantage is a highly intuitive, no-code data and analytics visualisation tool covering European and US Equity and ETF venues, that makes quant insight available to a broader user base while freeing quants’ time to focus on deeper research.
BMLL users include banks, brokers, asset managers, hedge funds, global exchange groups, academic institutions and regulators.
Paul Humphrey, CEO of BMLL, said: “Market participants face increasing data-driven problems but there is a real lack of quant resources across the industry. Our mission is to democratise data science and quant analytics capabilities for all market participants.”
“I am absolutely thrilled that BMLL has won the Financial News Trading & Tech Awards for ‘Data Provider of the Year’ for the second year in a row and was nominated runner-up for the ‘Financial Technology Innovation of the Year’. It’s a great honour and testament to our data science and product teams - they work tirelessly to innovate and provide our customers across banks, exchanges, quants and regulators with the data and analytics they need to interpret market behaviour and ultimately make better decisions.”
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. 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.