BMLL adds Canada to Level 3 market data coverage

Rick Steves

BMLL’s clientele includes banks, brokers, asset managers, hedge funds, global exchange groups, and academic institutions. They now have access to detailed Level 3, T+1 order book data and analytics on a global scale.

Bank of Canada

BMLL, the independent provider of harmonized, historical Level 3 data and analytics for global equity, ETF, and futures markets, has announced the expansion of their data coverage to encompass the Canadian market.

The offering includes comprehensive data from all major Canadian trading venues and exchanges, such as the Toronto Stock Exchange, the Canadian Securities Exchange, CBOE Canada (Neo Exchange), Nasdaq Canada, Omega ATS, and the Canadian Consolidated Book.

BMLL’s Level 3 offering includes US, Europe, Japan, Australia, Singapore, HK, China, Brazil, Israel, South Africa, Canada, more

This new inclusion offers market participants a more global perspective on market or venue behavior, using the most granular data available. Canadian exchange operators can now analyze their venue performance and liquidity dynamics in comparison to both local and global peers. This move complements BMLL’s existing US Equities and ETF coverage, including recent additions like US FINRA ATS/OTC Volumes data and Brazil Stock Exchange (B3) data from November 2023.

Paul Humphrey, CEO of BMLL, highlighted the growing need for high-quality historical market data across jurisdictions to understand market behaviors and make informed decisions. “Since securing our Series B funding just over a year ago, we have worked tirelessly to expand our coverage to include Japan, Australia, Singapore, Hong Kong, China, Brazil, Tel Aviv, South Africa and now Canada.

“Canadian exchange operators are now able to analyse venue performance and liquidity dynamics against local and global peers. Market participants need a full picture of market quality, liquidity and order dynamics to make better informed decisions on the markets they trade and the venues they operate. This means that the demand for high-quality historic market data has grown exponentially as participants need to understand market behaviour across jurisdictions.”

Following the Series B investment led by Nasdaq Ventures, FactSet, IQ Capital’s Growth Fund, and Snowflake Ventures, BMLL has significantly expanded its global data coverage. In the past year, the company has added data from diverse markets, including South Africa, Aquis Stock Exchange, APAC regions, Cboe Europe Indices, Shenzhen and Shanghai Stock Exchanges, Australia, and FINRA in the US.

BMLL’s historic data amalgamates full-depth Level 3 Data from over 75 venues, covering three asset classes in a unified format. This Level 3 Data captures seven years of every insert, modify, execute, or delete order book message. It is available on a T+1 basis at tick-level granularity, providing a comprehensive view of market dynamics.

BMLL completes China equity data offering

 BMLL, which was also awarded ISO 27001 certification for information security, has recently completed its China equity data offering. The offering now includes data from Shanghai, Shenzhen, and Hong Kong equity exchanges, all available in a consistent format in the BMLL Data Lab.

This expansion marks a significant step in BMLL’s growth in the Asia-Pacific (APAC) region. Earlier in 2023, BMLL added Level 3 data from Japan’s CBOE and Japannext, Singapore Exchange, and the Tokyo Stock Exchange. This was followed by the addition of Australia’s ASX and CBOE in July 2023.

BMLL’s clientele includes banks, brokers, asset managers, hedge funds, global exchange groups, and academic institutions. They now have access to detailed Level 3, T+1 order book data and analytics on a global scale.

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