BMLL completes China equity data offering: Shanghai, Shenzhen, and Hong Kong

Rick Steves

“Demand for China data has never been higher. This is set against a general industry trend of increased market participant sophistication, and an increasing demand for quality historic market data to understand market microstructure and venue behaviour. Market participants need to get the full picture of market quality, liquidity and order book dynamics to ultimately make better informed decisions on the markets they trade and the venues they run.”

BMLL, a leading provider of Level 3 data and analytics, announced the completion of 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.

Detailed Level 3, T+1 order book data and analytics

BMLL’s APAC data coverage is beneficial for both sell and buy-side firms. It aids in improving trading decisions across Asian markets and enhances sell-side execution firms’ product offerings. Asian exchanges can now compare venue performance both locally and globally.

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.

The firm consolidates Level 3 Data from over 75 venues in three asset classes into one harmonized format. It captures more than seven years of data, including every order book message, at tick level granularity.

“Demand for China data has never been higher”

Paul Humphrey, CEO of BMLL, emphasized the growing demand for China data and the need for historic market data to understand market microstructure. “Demand for China data has never been higher. This is set against a general industry trend of increased market participant sophistication, and an increasing demand for quality historic market data to understand market microstructure and venue behaviour. Market participants need to get the full picture of market quality, liquidity and order book dynamics to ultimately make better informed decisions on the markets they trade and the venues they run.

“We continue to invest heavily in making sure that our customers can access the most granular order book data across the US, EMEA and APAC. We are delighted to be able to offer the complete China data set. This is another milestone in our APAC data coverage expansion and another step on our mission to democratise access to highly granular data and analytics across global jurisdictions.”

Founded in 2014, BMLL offers sophisticated data and analytics services. It was established in the machine learning laboratories of the University of Cambridge. The platform enables financial professionals to apply complex statistical techniques to BMLL’s datasets.

In 2022, BMLL secured $26 million in Series B funding, led by Nasdaq Ventures, FactSet, and IQ Capital’s Growth Fund. This funding is aimed at further product and geographic expansion. Snowflake Ventures joined the investment round in September 2023.

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