BMLL adds Johannesburg Stock Exchange to its roster of exchange clients and provides expanded data coverage and venue analytics.
Provides JSE with Level 3 data for venue and liquidity analytics
Increases data coverage, adding JSE equities and ETFs to existing data sets
Delivers on funding strategy to acquire new data sets globally and integrate these into existing products for an ever-expanding universe of customers
London, 9 February 2023
BMLL, the leading, independent provider of harmonised, historical Level 3 data and analytics across global equity and futures markets, today announced the Johannesburg Stock Exchange (JSE), the largest Stock Exchange in Africa as a new client. BMLL’s data coverage now extends to include JSE data across equities and ETFs, while the JSE uses BMLL’s Level 3 Data and analytics for cross-venue analysis offering market participants valuable market structure and performance metrics insights.
BMLL provides historical Level 3 data and analytics to banks, brokers, asset managers, hedge funds, academics, regulators and global exchanges, helping them understand how markets truly behave. Following the $26 million Series B investment round in Q4 2022, BMLL set out its strategy to acquire new data sets globally and integrate these into existing products and analytics capabilities for an ever-expanding customer base. Adding the JSE data sets complements BMLL’s existing coverage of more than 7 years of data spanning global equities, ETFs and futures across 65+ trading venues.
At the same time, by using BMLL’s data and analytics capabilities, the JSE is now able to evidence the quality of execution against a global peer set and provide its members with third-party, independent verification on the availability of liquidity in cross-listed securities, ADRs & GDRs on its own venues versus other exchanges. Using the BMLL Data Lab, JSE can now back-test, analyse, build and test new products and features. What’s more, JSE members will gain granular insights into market structure dynamics, including venue and liquidity quality, to unlock valuable trading opportunities.
Langa Manqele, Head of Equities & Equity Derivatives at the JSE, said: As Africa’s largest stock exchange, analysis of what influences liquidity dynamics and market share across different trading sessions and securities on our exchange is critical. With the analytics capability provided by BMLL we are able to carry out cross-venue market analysis.
Paul Humphrey, CEO of BMLL, said: We are delighted to welcome the Johannesburg Stock Exchange to our ever growing universe of exchange clients. Our customers constantly demand more data sets from us, to analyse market moves and spot predictive trends. Adding the JSE’s data to our offering will help meet these customer needs. At the same time, we are proud to deliver BMLL Level 3 Data and analytics capabilities to JSE to give them a deeper understanding of venue, liquidity or execution quality and unlock new trading opportunities.
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.
About the JSE
The Johannesburg Stock Exchange (JSE) has a well-established history operating as a market place for trading financial products. It is a pioneering, globally connected exchange group that enables inclusive economic growth through trusted, world class, socially responsible products and services for the investor of the future. It offers secure and efficient primary and secondary capital markets across a diverse range of securities, spanning equities, derivatives and debt markets. It prides itself as being the market of choice for local and international investors looking to gain exposure to leading capital markets on the African continent. The JSE is currently ranked in the Top 20 largest stock exchanges in the world by market capitalisation, and is the largest stock exchange in Africa, having been in operation for 135 years. As a leading global exchange, the JSE co-creates, unlocks value & makes real connections happen. Visit: www.jse.co.za