BMLL solidifies footprint in the US through partnership with DIH

The distribution agreement with DIH brings BMLL’s data and analytics capabilities to US capital markets participants through DIH’s extensive network of buy-side players and service providers.

Data and analytics provider BMLL today announced a collaboration with Data In Harmony (DIH), a data provider and data consultancy covering global financial markets, to make BMLL’s Data Lab and Data Feed available to US-based market participants, helping them unlock the predictive power of order book data.

The collaboration comes following the announcement in October 2020 that BMLL is now providing five years of granular, Level 3 order book data for US markets. This data gives systematic hedge funds, quants and algo traders the ability to gain insights, backtest their trading strategies over a sufficiently long time horizon to capture a wide spectrum of market scenarios and improve alpha generation.

The BMLL Data Lab takes BMLL’s granular Level 3 order book data and combines it with easy-to-use APIs and analytics libraries in a secure cloud environment, allowing quants to perform scalable research without the burden of data curation or engineering. The LAB seamlessly integrates with production tools and workflows, allowing users to efficiently turn research into actionable results.

The BMLL Data Feed provides users with the full power of the BMLL Data Lake and Data Lab’s  analytics capabilities, delivered in the form of derived data feeds. BMLL’s Data Feeds are pre-computed from the most granular, full-depth order book data, giving participants actionable insight on the markets they trade. These analytics are used by leading buy-side and sell-side institutions as well as major exchange groups and trading venues to better understand and analyse trading behaviour on their venues.

The distribution agreement with DIH brings BMLL’s data and analytics capabilities to US capital markets participants through DIH’s extensive network of buy-side players and service providers.

“We are excited to add BMLL’s Level 3 depth of book data solutions to our offering,” says Tom Myers, founder of DIH Solutions. “Prior to founding DIH, I spent a good part of my career providing high-frequency tick-by-tick data to the buy- and sell-side. However, depth of book data just wasn’t feasible to make commercially available given its storage challenges and the lack of tools available to analyze it. BMLL has built what I and so many market participants have wanted — access to Level 3 data and analysis tools without all the headaches (and costs) of maintaining such a large data set.”

DIH helps firms, including investment banks and hedge funds, to find and on-board the reliable financial and alternative data they need, helping them improve data quality and reduce data costs. In an environment of growing emphasis on data quality, and a push by management to hold down costs, DIH was founded to offer an alternative to legacy data vendors whose data is often incomplete and inaccurate, expensive and licensed under restrictive terms and conditions.

Paul Humphrey, CEO of BMLL Technologies, said: “We are delighted to collaborate with Data In Harmony and make our data and analytics available to clients and market participants via their US-based ecosystem. It is now more important than ever to harness the power of the full-depth order book and scalable cloud compute to provide relevant insights and deep analytics to our clients, helping them to truly understand how markets behave.”

Read this next

Retail FX

Weekly Roundup: Funded Trader closure, Coinbase adds Apple Pay

Welcome to this week’s roundup, where we delve into the latest developments in the Forex, Fintech, and cryptocurrency markets. Stay ahead of the curve with our comprehensive overview of the week’s most impactful events and trends across these dynamic sectors.

blockdag

Presale Rush: BlockDAG Outshines Furrever Token and DeeStream Presales with 20,000x ROI Potential, Raising Over $16.4M

Discover April 2024’s presale hits, as BlockDAG, Furrever Token, and DeeStream Presales battle it out. Which will explode in 2024?

Digital Assets

Shakeeb Ahmed gets three-year sentence for hacking Nirvana, Crema

A New York court has sentenced computer security engineer Shakeeb Ahmed to three years in prison for conducting flash loan attacks on decentralized cryptocurrency exchanges in 2022, marking the first-ever conviction for a breach involving smart contracts.

Digital Assets

TON Foundation teams up with HashKey on fiat access for Telegram Wallet

The TON Foundation, a collective of developers behind The Open Network (TON) blockchain, has entered into a strategic partnership with digital asset financial services firm HashKey Group.

blockdag

BlockDAG aka Kaspa’s Toughest Competitor Releases DAGpaper, Lightes Up The Las Vegas Sphere Pulling Shiba Inu Investors & Amassing $16.4M in Presale

BlockDAG, emerging as a Kaspa competitor, unveils its DAGpaper, spotlighting the Las Vegas Sphere and captivating Shiba Inu investors with a $16.4M presale success.

Fundamental Analysis

Global FX Market Summary: USD, ECB, Gold, Oil  April 12 ,2024

A strong US economy, cautious Fed policy compared to Europe, and safe-haven demand are all fueling the surge of the US Dollar.

Digital Assets

Thai crypto exchange Bitkub eyes $3 billion valuation

Thailand’s largest cryptocurrency exchange Bitkub is gearing up for a public offering next year with a potential valuation of up to $3 billion, according to Bitkub Capital Group CEO Jirayut Srupsrisopa.

Technical Analysis

GBPUSD Technical Analysis Report 12 April, 2024

GBPUSD currency pair can be expected to all further toward the next support level 1.2400, target price for the completion of the active minor impulse wave.

Market News

Navigating Currency Trends: Extensive Analysis on EUR/USD Signal

Traders Union provides comprehensive daily analysis and signals for EUR/USD.

<