Resource Centre

White Paper / Article / Insight

24 February, 2026

Choosing the Right Market Data for Scalable Insight

While PCAP data provides the most complete record of market activity and is vital for analysing connectivity or protocol-level issues, it’s often unnecessary for most systematic trading research. In many cases, normalised historical data offers a more practical and cost-effective solution, delivering reliable insights without the added complexity and expense of maximum data fidelity.

White Paper / Article / Insight

10 February, 2026

Beyond the Benchmarks: A New Era for the Buy-Side Desk

In this blog, Rob Laible reflects on a buy-side panel at the Equity Leaders Summit that explored how trading infrastructure and data are transforming the modern trading desk. The discussion moved beyond technical market structure to focus on the evolving role of traders, the alignment between portfolio intent and execution, data cost challenges, and how analytics and technology are reshaping execution strategies.

White Paper / Article / Insight

6 February, 2026

UK market at close - where does liquidity really lie?

In 2025, UK closing auction activity increased significantly, with volumes rising from 33% to 42% of total lit trading. Although the primary exchange sets the official closing price, up to 20% of close-time trading now takes place on alternative venues such as MTFs and SIs, making visibility into close-price liquidity increasingly important.

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Fact Sheet

20 January, 2026

BMLL Futures Factsheet

BMLL Data Feed - Futures delivers high-quality, fully normalised historical futures data to accelerate strategy development, backtesting, execution analysis, and market structure insight.

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White Paper / Article / Insight

19 January, 2026

Periodic auctions: shaping the balance of liquidity for European equities

Periodic auctions (PA) are no longer marginal; they have come to shape European market microstructure and are now both measurable and actionable. In this article you can understand and adapt to these evolving market structural shifts with our insights into the rise of PAs and their impact on market microstructure.

Webinar

7 January, 2026

The data beneath the surface: what the first month of Reg NMS changes actually revealed

The US equity market is undergoing major structural change, and early analysis of the first Reg NMS updates shows that while reported liquidity metrics have shifted, underlying liquidity has not - only the way it is measured. Changes to round lots, upcoming fractional share reporting, odd-lot NBBOs, and dynamic tick sizes mean firms can no longer rely on top-of-book data without risking flawed analysis and backtests. At the same time, structurally growing overnight and hidden liquidity underscore the need for granular Level 3 data to trade, manage risk, and generate alpha as the market heads into 2026.

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Case Study

21 November, 2025

Competing in today’s dynamic markets with faster, smarter execution analytics: How a leading $1.5 Trillion AUM asset management firm leveraged BMLL data to optimize TCA workflows

How a leading $1.5 Trillion AUM asset management firm leveraged BMLL data to optimize TCA workflows

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Case Study

5 November, 2025

Enhancing Trading Performance: How Broadridge Elevated Pre-Trade Analytics via a ‘Buy to Build’ Approach with BMLL

Broadridge creates its own advanced analytics for its customers by building on BMLL’s Normalised Trades and SIP quotes data. This approach eliminates the considerable effort of sourcing, curating, and cleaning large datasets, enabling clients to access clean, trustworthy data in an easy-to-use environment.

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White Paper / Article / Insight

28 October, 2025

A New Chapter: Nordic Capital to Accelerate BMLL’s Mission

This is truly a proud day for BMLL, for our clients and our team as we announce that Nordic Capital is acquiring BMLL. Only a few months ago, I talked about the game-changing years we’ve had, but now, we are playing in a different league. Let’s be clear - this is more than just an acquisition; it is a profound partnership built on a joint commitment to accelerate BMLL’s next phase of growth. With Nordic Capital by our side, along with Optiver as a minority shareholder, we are very excited about the future and the impact we will have on the way that the market thinks about and consumes historical market data.

Resources