BMLL wins “Outstanding Market Data Services Provider - Equities” at The TRADE’s inaugural Leaders in Trading New York 2024 awards

BMLL wins “Outstanding Market Data Services Provider - Equities” at The TRADE’s inaugural Leaders in Trading New York 2024 awards

London / New York, 22 November 2024: We are delighted to announce that BMLL won ‘Outstanding Market Data Services Provider - Equities’ at The TRADE’s inaugural Leaders in Trading New York awards.

These awards recognise the biggest achievers in a series of categories including Algorithmic Trading; Execution Management; Outsourced Trading; honouring top buy-side trading desks and other market participants in the Editors’ Choice category.

BMLL won this award following a year of significant milestones and delivering on their ambitious strategic growth plans to democratise access to high-quality, historical data and analytics, at scale. This included building a US presence and growing the US team with the addition of Client Services, Sales Managers and Data Scientists.

2024 milestones include:

  • BMLL’s historical market data coverage has reached 98% of the MSCI All Country World Index spanning global Equities, ETFs and Futures from 100+ trading venues, at Level 3 granularity.

  • In the last 12 months alone, BMLL added more than 40 data sets globally, including six years of nanosecond unconflated OPRA options data.

  • In October 2024 BMLL secured a $21 million strategic investment, in a round led by Optiver, with participation from CTC Venture Capital and existing investors. Optiver also joined BMLL’s ever-expanding universe of customers.

  • Having established itself as the golden source of historical Level 3 data, in Q1 2024, BMLL started offering Level 2 / Level 1 historical data to address shortcomings in data quality from incumbent providers such as Refinitiv and Bloomberg. BMLL Level 2/1 historical data is engineered from Level 3, the most granular data available, and far superior to traditional offerings.

Paul Humphrey, CEO of BMLL, said: “We are delighted to have been recognised as the ‘Outstanding Market Data Services Provider - Equities’ at The TRADE’s Leaders in Trading New York awards. This award is a testament to the hard work of our team as we continue to expand our data coverage, forge global partnerships and democratise access to high-quality, granular historical data and analytics.

We are honoured to be trusted by global exchange groups, T1 investment banks, market makers, hedge funds, regulators and the academic community. Our data and analytics empower them with actionable insights and a deep understanding of how markets behave, so they can make better-informed decisions on the markets they trade and the venues they run

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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