BMLL Wins ‘Best buy-side data analytics tool’ for BMLL Data Lab at the WatersTechnology Buy-side Technology Awards 2025

London, 10 November 2025: We are delighted to announce that BMLL has won ‘Best buy-side data analytics tool’ for BMLL Data Lab at the WatersTechnology Buy-side Technology Awards 2025. These awards recognise market-leading technologies developed specifically for use by buy-side firms.

BMLL was awarded “Best buy-side data analytics tool”, for the BMLL Data Lab, its scalable Python research sandbox, a cloud-native environment where users can harness nanosecond, message-by-message data, with unlimited cloud computing power and a full suite of analytics libraries.

BMLL Data Lab clients have direct access to a harmonised data warehouse, benefitting from actionable insight and alpha for algo optimisation, execution analysis, market microstructure research and more. They have the ability to perform scalable research without the burden of data sourcing, curation or engineering. Data is delivered via a fully customisable JupyterLab Python environment. The scalable platform reduces clients’ time to insight by up to 95% (versus on-premise systems).

New functionalities within BMLL Data Lab:

  • Repository of Demo Notebooks created by BMLL data scientists for new users and experienced quants, to accelerate research. This helps them master trading-related queries with clean, optimised Python code.

  • Cloud Connect allows quants to bring their own data into BMLL Data Lab, eliminate manual file handling and run proprietary models alongside 10+ years of BMLL Level 3,2,1 data, accelerating the workflow from analysis to execution.

  • Ultumus ETF Reference Data is now available in BMLL Data Lab, providing fund-level intelligence for deeper insights, including detailed attributes for each fund, and whether a fund is actively or passively managed.

Paul Humphrey, Chief Executive Officer of BMLL, said: “We are delighted that the BMLL Data Lab has been recognised as the ‘Best buy-side data analytics tool’ at the WatersTechnology Buy-side Technology Awards 2025. We have invested heavily in our data coverage and data engineering capabilities. Today, BMLL historical market data covers 120 trading venues, spanning global equities, ETFs, futures and US equity options - the equities offering covers 100% of the MSCI World Index. All these data sets are available within BMLL Data Lab to help market participants analyse market dynamics and make better-informed trading decisions”.

The BMLL Data Lab is frequently used alongside the BMLL Data Feed and BMLL Vantage, the market microstructure visualisation platform.


About BMLL

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, futures and US equity options.

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, US equity options, futures and ETFs for back-testing and simulation, delivered directly into their workflows.

In October 2025, Nordic Capital acquired BMLL. The investment was made in close partnership with the management team of BMLL and minority shareholder Optiver, marking a joint commitment to accelerate the company’s next phase of growth. Before this, BMLL secured $21 million strategic investment in October 2024, led by Optiver; $26 million Series B investment in 2022/2023; and $36 million in Series A and seed funding rounds.

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