BMLL wins ‘Best Collaboration Initiative’ for QuantHouse partnership at the WatersTechnology American Financial Technology Awards 2024
London / New York, 9th December 2024: We are delighted to announce that BMLL has won ‘Best Collaboration/Alliance Initiative’ at the American Financial Technology Awards 2024 for its partnership with QuantHouse. These awards recognise excellence in the deployment and management of financial technology within the asset management and investment banking communities.
In April 2024, Iress announced that its QuantHouse division entered into a global partnership with BMLL, bringing together QuantHouse’s real-time data services and BMLL’s best-in-class, full-depth historical order book data.
The joint offering supports the buy-side community in understanding market behaviour and testing investment strategies. It enables asset managers and hedge funds to backtest trading strategies and move into production with new ease and speed, accelerating time to insights and time to market and enhancing their ability to respond effectively to market changes.
The QuantHouse / BMLL partnership removes cost and complexity, and significantly lowers the barriers to entry for financial institutions. Users benefit from immediate and flexible access to full-depth, real-time and historical order book data, gain a deeper understanding of liquidity dynamics and generate alpha more predictably, without the burden of data engineering and infrastructure on their P&L.
Paul Humphrey, CEO of BMLL, said: “We are delighted to be recognised for the ‘Best Collaboration Initiative’ for our partnership with QuantHouse at the WatersTechnology American Financial Technology Awards 2024.
Across the industry, sophistication levels are increasing and market participants need easy access to both historical and real-time data that is ready-to-use, to support trading strategies and execution performance. This collaboration is another part of our strategy to democratise data and analytics at scale and address common industry challenges.”
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 and 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, 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, futures and ETFs for back-testing and simulation, delivered directly into their workflows.
BMLL secured $21 million strategic investment in October 2024, led by Optiver, with participation from CTC Venture Capital and existing investors. This follows BMLL's $26 million Series B investment from Nasdaq Ventures, FactSet, IQ Capital’s Growth Fund and Snowflake Ventures in 2022/2023. Prior to that, BMLL raised $36m through Series A and seed funding rounds.
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