BMLL Activate - Data Credits Programme
Build faster on the highest quality market data with no upfront data licence cost
BMLL Activate is designed to help firms build, test and launch new solutions on top of BMLL’s historical Level 3, 2 and 1 market data, with lower to no upfront data licence cost during the build phase. Selected partners receive time-limited access through BMLL Data Lab and BMLL Data Feed, with a clear path to commercial rollout if the use case is successful.
The program is already underway, with early partners using BMLL data to develop new solutions in execution analytics, trade surveillance and market integrity. For firms building new products, it offers a faster route from idea to market.
Lower upfront risk: Start building with no upfront data licence cost.
Faster path to market: Move from idea to validation and launch more quickly.
Real momentum: Early partnerships are already underway.
How it works
A structured path from build to commercialisation
Scope the opportunity: BMLL and the partner define the use case, target clients, required data scope, and overall business rationale. Strategic fit, data requirements, and the size of the credits package are assessed up front.
Activate and build: Once the agreement is in place, access is enabled and the partner uses the credits to build, test, and iterate on the solution. Usage is tracked and progress is reviewed through regular checkpoints.
Convert successful builds: At the end of the credits period, both parties assess product readiness, evidence of demand, and the best long-term model for the relationship.
Who it is for
Designed for high-potential partners building on market data
BMLL Activate is best suited to organisations that are:
- Building new analytics or data-driven applications
- Embedding market data-derived outputs into a client-facing solution
- Looking to validate product-market fit before committing to full-scale licensing
- Able to articulate a credible commercial path for the solution
What partners get
Selected partners receive a defined allowance of BMLL data credits that can be redeemed against agreed access to:
- BMLL Data Lab and/or BMLL Data Feed
- Selected L3, L2, L1 and analytics datasets
- A defined scope of instruments, venues, and historical time windows
Access is structured, scoped up front, and designed to support rapid product development in a controlled way.
Partner firms already building on our data
Tradefeedr
AI-ready execution analytics for equities and futures
Tradefeedr is expanding TCA into equities and futures with an AI-ready analytics layer built on BMLL historical datasets. The partnership combines BMLL data with Tradefeedr's API delivery model and client network, and includes a year-long pilot for firms that want to help shape the next generation of trading analytics.
Features Analytics
Trade surveillance and market integrity analytics
Features Analytics is developing new trade surveillance and market integrity analytics on top of BMLL historical order book data. The focus is on helping firms benchmark surveillance performance more effectively and generate more explainable, regulator-ready evidence.
