BMLL wins “Outstanding Market Data Services Provider - Equities” at The TRADE’s Leaders in Trading 2025 awards
London, 7 November 2025
We are delighted to announce that BMLL won ‘Outstanding Market Data Services Provider - Equities’ at The TRADE’s Leaders in Trading 2025 awards.
These awards recognise the biggest achievers in a series of categories, including Algorithmic Trading; Execution Management; Outsourced Trading; honouring top buy-side traders and other market participants in the Editors’ Choice category.
BMLL won this award following a game-changing year for the company. BMLL has redefined industry standards and set new benchmarks for data quality across the market. BMLL has experienced record growth, doubling its global client base in the last 12 months and welcoming numerous new buy-side firms. This success unequivocally proves the market's demand for a dedicated specialist historical data provider who helps market participants understand market behaviour and liquidity dynamics to accelerate research and optimise trading strategies.
BMLL has forged significant collaborations over recent years, all of which have led to very successful, ground-breaking developments on the client side, evidencing that owning, sorting and cleansing vast data sets is no longer a differentiator. What participants do with the data is what sets them apart and gives them a competitive edge.
Most recently, 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. The investment will advance BMLL’s mission to deliver the market’s trusted base layer of high-quality, analytics-ready historical data across all major exchange-traded asset classes.
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 2025 awards. This recognition reflects the trust and confidence our clients continue to place in us, and the dedication of our team to delivering the highest-quality, analytics-ready historical data to the market.
Democratising access to granular order book data at speed and scale matters now more than ever. We remain committed to helping market participants navigate shifting market dynamics and make better-informed decisions. We will continue to raise the bar for data quality across the industry, expand our content to new venues and time horizons, and deliver new, high-quality products to meet our clients’ evolving needs.”
ENDS
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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